Royce & Associates LP Increases Stock Position in Cohu, Inc. (NASDAQ:COHU)

Royce & Associates LP lifted its holdings in shares of Cohu, Inc. (NASDAQ:COHU) by 28.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,442,394 shares of the semiconductor company’s stock after acquiring an additional 315,605 shares during the period. Royce & Associates LP owned 3.09% of Cohu worth $38,512,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of COHU. GSA Capital Partners LLP grew its position in Cohu by 34.3% in the 3rd quarter. GSA Capital Partners LLP now owns 9,922 shares of the semiconductor company’s stock valued at $255,000 after buying an additional 2,532 shares during the last quarter. Thrivent Financial for Lutherans grew its position 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 buying an additional 152,574 shares during the last quarter. First Horizon Advisors Inc. grew its position in Cohu by 49.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,622 shares of the semiconductor company’s stock valued at $42,000 after buying an additional 535 shares during the last quarter. Intech Investment Management LLC purchased a new position in Cohu in the 3rd quarter valued at $269,000. Finally, Foundry Partners LLC grew its position in Cohu by 37.4% in the 3rd quarter. Foundry Partners LLC now owns 13,646 shares of the semiconductor company’s stock valued at $351,000 after buying an additional 3,715 shares during the last quarter. 94.67% of the stock is currently owned by hedge funds and other institutional investors.

Cohu Price Performance

Cohu stock opened at $17.03 on Friday. Cohu, Inc. has a 52 week low of $15.61 and a 52 week high of $36.60. The company has a quick ratio of 4.69, a current ratio of 6.38 and a debt-to-equity ratio of 0.01. The firm’s 50-day simple moving average is $21.70 and its 200 day simple moving average is $24.42. The firm has a market capitalization of $795.47 million, a PE ratio of -11.35 and a beta of 1.50.

Cohu (NASDAQ:COHU) last released its quarterly earnings data on Thursday, February 20th. The semiconductor company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.18). Cohu had a negative return on equity of 3.18% and a negative net margin of 17.38%. On average, equities research analysts predict that Cohu, Inc. will post -0.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on COHU shares. Stifel Nicolaus lowered their price objective on shares of Cohu from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. Needham & Company LLC reissued a “hold” rating on shares of Cohu in a report on Tuesday, February 25th. Finally, B. Riley reduced their target price on Cohu from $34.00 to $30.00 and set a “buy” rating for the company in a report on Friday, February 14th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Cohu has an average rating of “Hold” and an average target price of $30.57.

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.