Azzad Asset Management Inc. ADV Trims Holdings in Cohu, Inc. (NASDAQ:COHU)

Azzad Asset Management Inc. ADV trimmed its position in Cohu, Inc. (NASDAQ:COHU) by 9.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,316 shares of the semiconductor company’s stock after selling 2,563 shares during the quarter. Azzad Asset Management Inc. ADV owned about 0.05% of Cohu worth $625,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of the company. Mackenzie Financial Corp raised its stake in shares of Cohu by 5.6% in the second quarter. Mackenzie Financial Corp now owns 7,939 shares of the semiconductor company’s stock worth $263,000 after purchasing an additional 419 shares during the last quarter. Wedge Capital Management L L P NC raised its position in Cohu by 1.0% during the second quarter. Wedge Capital Management L L P NC now owns 47,223 shares of the semiconductor company’s stock valued at $1,563,000 after acquiring an additional 466 shares in the last quarter. Oak Associates Ltd. OH raised its position in Cohu by 0.6% during the second quarter. Oak Associates Ltd. OH now owns 83,704 shares of the semiconductor company’s stock valued at $2,771,000 after acquiring an additional 521 shares in the last quarter. Texas Permanent School Fund Corp raised its position in Cohu by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 41,576 shares of the semiconductor company’s stock valued at $1,386,000 after acquiring an additional 539 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC raised its position in Cohu by 1.7% during the second quarter. Linden Thomas Advisory Services LLC now owns 34,091 shares of the semiconductor company’s stock valued at $1,128,000 after acquiring an additional 555 shares in the last quarter. 94.67% of the stock is currently owned by hedge funds and other institutional investors.

Cohu Stock Down 0.2 %

Shares of COHU opened at $24.67 on Wednesday. The company has a current ratio of 6.95, a quick ratio of 5.09 and a debt-to-equity ratio of 0.01. Cohu, Inc. has a 12 month low of $22.80 and a 12 month high of $36.60. The stock’s 50 day moving average is $25.38 and its two-hundred day moving average is $29.45. The firm has a market cap of $1.16 billion, a P/E ratio of -493.40 and a beta of 1.53.

Cohu (NASDAQ:COHU) last issued its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.03). The business had revenue of $104.70 million during the quarter, compared to analyst estimates of $105.00 million. Cohu had a negative net margin of 5.70% and a positive return on equity of 1.27%. Analysts predict that Cohu, Inc. will post -0.41 earnings per share for the current fiscal year.

Analyst Ratings Changes

Several brokerages recently weighed in on COHU. StockNews.com cut Cohu from a “hold” rating to a “sell” rating in a research report on Friday, August 2nd. Needham & Company LLC reduced their price target on Cohu from $37.00 to $33.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Finally, Citigroup cut Cohu from a “buy” rating to a “neutral” rating and set a $36.00 price target for the company. in a research report on Monday, July 15th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, Cohu presently has a consensus rating of “Hold” and a consensus target price of $35.00.

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.