Smartleaf Asset Management LLC Boosts Stock Position in Cohu, Inc. (NASDAQ:COHU)

Smartleaf Asset Management LLC grew its holdings in shares of Cohu, Inc. (NASDAQ:COHU) by 413.3% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,740 shares of the semiconductor company’s stock after purchasing an additional 1,401 shares during the quarter. Smartleaf Asset Management LLC’s holdings in Cohu were worth $46,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in COHU. US Bancorp DE boosted its position in Cohu by 59.7% during the third quarter. US Bancorp DE now owns 8,823 shares of the semiconductor company’s stock worth $227,000 after purchasing an additional 3,297 shares during the period. GSA Capital Partners LLP lifted its stake 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 valued at $255,000 after buying an additional 2,532 shares in the last quarter. Victory Capital Management Inc. boosted its holdings in Cohu by 7.1% in the 3rd quarter. Victory Capital Management Inc. now owns 3,358,288 shares of the semiconductor company’s stock worth $86,308,000 after buying an additional 224,022 shares during the period. MQS Management LLC purchased a new position in Cohu in the 3rd quarter valued at approximately $371,000. Finally, Kovack Advisors Inc. raised its holdings in Cohu by 49.2% during the 3rd quarter. Kovack Advisors Inc. now owns 47,687 shares of the semiconductor company’s stock valued at $1,226,000 after acquiring an additional 15,725 shares during the period. 94.67% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

COHU has been the topic of a number of recent analyst reports. B. Riley lowered their price target on shares of Cohu from $34.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Stifel Nicolaus lowered their target price on shares of Cohu from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. Finally, Needham & Company LLC restated a “hold” rating on shares of Cohu in a research report on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, Cohu has an average rating of “Hold” and a consensus target price of $30.57.

Cohu Price Performance

Shares of Cohu stock opened at $16.51 on Wednesday. The firm has a market capitalization of $771.18 million, a PE ratio of -11.01 and a beta of 1.50. The company has a current ratio of 6.38, a quick ratio of 4.69 and a debt-to-equity ratio of 0.01. Cohu, Inc. has a 12 month low of $15.61 and a 12 month high of $36.60. The business’s 50-day moving average price is $22.30 and its 200-day moving average price is $24.61.

Cohu (NASDAQ:COHU) last posted its quarterly earnings results 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%. Sell-side analysts forecast that Cohu, Inc. will post -0.36 EPS for the current fiscal year.

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.