Cohu, Inc. (NASDAQ:COHU) Stock Holdings Lifted by Bank of New York Mellon Corp

Bank of New York Mellon Corp boosted its holdings in shares of Cohu, Inc. (NASDAQ:COHU) by 2.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 926,322 shares of the semiconductor company’s stock after purchasing an additional 19,236 shares during the quarter. Bank of New York Mellon Corp owned about 1.99% of Cohu worth $24,733,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of COHU. First Horizon Advisors Inc. increased its stake in shares of 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 period. KBC Group NV lifted its stake in Cohu by 75.7% during the fourth quarter. KBC Group NV now owns 2,627 shares of the semiconductor company’s stock worth $70,000 after purchasing an additional 1,132 shares during the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in Cohu during the fourth quarter worth $120,000. Sheets Smith Wealth Management acquired a new stake in Cohu during the 4th quarter worth about $205,000. Finally, Legacy Capital Group California Inc. bought a new position in shares of Cohu during the 4th quarter worth about $232,000. Institutional investors own 94.67% of the company’s stock.

Cohu Stock Performance

Cohu stock opened at $17.18 on Monday. 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 company has a market capitalization of $802.48 million, a PE ratio of -11.45 and a beta of 1.50. The firm has a fifty day simple moving average of $22.71 and a two-hundred day simple moving average of $24.75. Cohu, Inc. has a twelve month low of $16.88 and a twelve month high of $36.60.

Cohu (NASDAQ:COHU) last released its quarterly earnings data 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 net margin of 17.38% and a negative return on equity of 3.18%. Research analysts expect that Cohu, Inc. will post -0.36 EPS for the current year.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on COHU. B. Riley dropped their price target on shares of Cohu from $34.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. Needham & Company LLC restated a “hold” rating on shares of Cohu in a research note on Tuesday, February 25th. Finally, Stifel Nicolaus reduced 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. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus 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.