Assenagon Asset Management S.A. Has $2.71 Million Stock Position in Cohu, Inc. (NASDAQ:COHU)

Assenagon Asset Management S.A. reduced its stake in shares of Cohu, Inc. (NASDAQ:COHU) by 5.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 101,521 shares of the semiconductor company’s stock after selling 6,296 shares during the quarter. Assenagon Asset Management S.A. owned 0.22% of Cohu worth $2,711,000 as of its most recent SEC filing.

Several other large investors also recently modified their holdings of the stock. Mackenzie Financial Corp grew its holdings in shares of Cohu by 5.6% during the 2nd quarter. Mackenzie Financial Corp now owns 7,939 shares of the semiconductor company’s stock worth $263,000 after purchasing an additional 419 shares in the last quarter. First Horizon Advisors Inc. lifted its position in shares of Cohu by 49.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,622 shares of the semiconductor company’s stock worth $42,000 after buying an additional 535 shares during the last quarter. Orion Portfolio Solutions LLC lifted its position in shares of Cohu by 3.2% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 36,725 shares of the semiconductor company’s stock worth $944,000 after buying an additional 1,141 shares during the last quarter. The Manufacturers Life Insurance Company lifted its position in shares of Cohu by 5.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,002 shares of the semiconductor company’s stock worth $794,000 after buying an additional 1,247 shares during the last quarter. Finally, GSA Capital Partners LLP lifted its position in shares of Cohu by 34.3% during the 3rd quarter. GSA Capital Partners LLP now owns 9,922 shares of the semiconductor company’s stock worth $255,000 after buying an additional 2,532 shares during the last quarter. 94.67% of the stock is owned by institutional investors and hedge funds.

Cohu Price Performance

Cohu stock opened at $24.87 on Wednesday. The company has a current ratio of 6.38, a quick ratio of 4.69 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $1.16 billion, a PE ratio of -23.03 and a beta of 1.47. Cohu, Inc. has a 12 month low of $22.80 and a 12 month high of $36.60. The stock has a 50-day moving average price of $26.18 and a two-hundred day moving average price of $26.74.

Cohu (NASDAQ:COHU) last issued its quarterly earnings data on Thursday, October 31st. The semiconductor company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.02). Cohu had a negative return on equity of 1.01% and a negative net margin of 11.35%. The company had revenue of $95.30 million for the quarter, compared to the consensus estimate of $95.75 million. During the same quarter last year, the business earned $0.27 earnings per share. Cohu’s revenue was down 36.8% compared to the same quarter last year. Analysts expect that Cohu, Inc. will post -0.46 EPS for the current year.

Wall Street Analysts Forecast Growth

COHU has been the subject of several recent analyst reports. Needham & Company LLC downgraded Cohu from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Craig Hallum upgraded Cohu from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Friday, November 1st. TD Cowen dropped their price objective on Cohu from $36.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Finally, The Goldman Sachs Group dropped their price objective on Cohu from $26.00 to $23.00 and set a “sell” rating for the company in a research report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $31.50.

About Cohu

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.