Cohu, Inc. (NASDAQ:COHU) Shares Sold by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC lessened its holdings in Cohu, Inc. (NASDAQ:COHU) by 2.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 33,228 shares of the semiconductor company’s stock after selling 698 shares during the quarter. Linden Thomas Advisory Services LLC owned approximately 0.07% of Cohu worth $887,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the business. Mackenzie Financial Corp boosted its holdings in 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 period. First Horizon Advisors Inc. boosted its holdings in shares of Cohu by 49.2% during the third quarter. First Horizon Advisors Inc. now owns 1,622 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 535 shares during the period. Orion Portfolio Solutions LLC boosted its holdings in shares of Cohu by 3.2% during the third quarter. Orion Portfolio Solutions LLC now owns 36,725 shares of the semiconductor company’s stock valued at $944,000 after acquiring an additional 1,141 shares during the period. The Manufacturers Life Insurance Company boosted its holdings in shares of Cohu by 5.5% during the second quarter. The Manufacturers Life Insurance Company now owns 24,002 shares of the semiconductor company’s stock valued at $794,000 after acquiring an additional 1,247 shares during the period. Finally, GSA Capital Partners LLP boosted its holdings in shares of Cohu by 34.3% during the third quarter. GSA Capital Partners LLP now owns 9,922 shares of the semiconductor company’s stock valued at $255,000 after acquiring an additional 2,532 shares during the period. Institutional investors and hedge funds own 94.67% of the company’s stock.

Cohu Stock Performance

COHU stock opened at $23.95 on Monday. The company has a market capitalization of $1.12 billion, a P/E ratio of -22.18 and a beta of 1.47. The company has a 50-day simple moving average of $26.12 and a 200 day simple moving average of $26.52. Cohu, Inc. has a fifty-two week low of $22.80 and a fifty-two 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.

Cohu (NASDAQ:COHU) last posted its quarterly earnings data on Thursday, October 31st. The semiconductor company reported ($0.17) earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $95.75 million. During the same period in the previous year, the company earned $0.27 EPS. The business’s revenue for the quarter was down 36.8% compared to the same quarter last year. Sell-side analysts predict that Cohu, Inc. will post -0.46 earnings per share for the current fiscal year.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on COHU shares. Needham & Company LLC downgraded shares of Cohu from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Craig Hallum raised shares of Cohu from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a report on Friday, November 1st. The Goldman Sachs Group reduced their price target on shares of Cohu from $26.00 to $23.00 and set a “sell” rating for the company in a report on Friday, November 1st. Finally, TD Cowen reduced their price target on shares of Cohu from $36.00 to $30.00 and set a “buy” rating for the company in a report on Friday, November 1st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $31.50.

Cohu Company 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.