Royce & Associates LP Grows Holdings in Cohu, Inc. (NASDAQ:COHU)

Royce & Associates LP raised its position in Cohu, Inc. (NASDAQ:COHU) by 28.0% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,442,394 shares of the semiconductor company’s stock after buying an additional 315,605 shares during the period. Royce & Associates LP’s holdings in Cohu were worth $38,512,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Franklin Resources Inc. lifted its holdings in Cohu by 25.9% in the 3rd quarter. Franklin Resources Inc. now owns 3,145,692 shares of the semiconductor company’s stock valued at $82,134,000 after purchasing an additional 647,828 shares in the last quarter. Thrivent Financial for Lutherans lifted its holdings in Cohu by 11.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,462,410 shares of the semiconductor company’s stock valued at $37,584,000 after purchasing an additional 152,574 shares in the last quarter. Geode Capital Management LLC lifted its holdings in Cohu by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,114,394 shares of the semiconductor company’s stock valued at $28,645,000 after purchasing an additional 9,563 shares in the last quarter. Bank of New York Mellon Corp lifted its holdings in Cohu by 2.1% in the 4th quarter. Bank of New York Mellon Corp now owns 926,322 shares of the semiconductor company’s stock valued at $24,733,000 after purchasing an additional 19,236 shares in the last quarter. Finally, Systematic Financial Management LP lifted its holdings in Cohu by 9.7% in the 3rd quarter. Systematic Financial Management LP now owns 885,347 shares of the semiconductor company’s stock valued at $22,753,000 after purchasing an additional 78,037 shares in the last quarter. 94.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on COHU. Stifel Nicolaus dropped their price objective on shares of Cohu from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Friday, February 14th. B. Riley dropped their price objective on shares of Cohu from $34.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, February 14th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Cohu in a research note on Tuesday, February 25th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $30.57.

Cohu Stock Up 3.0 %

COHU opened at $17.03 on Friday. The firm has a 50 day moving average price of $21.70 and a 200 day moving average price of $24.42. The company has a market cap of $795.47 million, a PE ratio of -11.35 and a beta of 1.50. Cohu, Inc. has a 1 year low of $15.61 and a 1 year high of $36.60. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.69 and a current ratio of 6.38.

Cohu (NASDAQ:COHU) last posted its earnings results on Thursday, February 20th. The semiconductor company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). Cohu had a negative return on equity of 3.18% and a negative net margin of 17.38%. Sell-side analysts expect that Cohu, Inc. will post -0.36 earnings per share for the current year.

Cohu Profile

Cohu, Inc, through its subsidiaries, provides semiconductor test equipment and services in China, the United States, Taiwan, Malaysia, the Philippines, and internationally. The company supplies semiconductor test and inspection handlers, micro-electromechanical system (MEMS) test modules, test contactors, thermal sub-systems, and semiconductor automated test equipment for semiconductor manufacturers and test subcontractors.