Mitsubishi UFJ Asset Management Co. Ltd. Acquires 1,287 Shares of Cohu, Inc. (NASDAQ:COHU)

Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Cohu, Inc. (NASDAQ:COHU) by 1,225.7% during the 4th quarter, Holdings Channel reports. The firm owned 1,392 shares of the semiconductor company’s stock after acquiring an additional 1,287 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd.’s holdings in Cohu were worth $37,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Smartleaf Asset Management LLC raised its stake in shares of Cohu by 413.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,740 shares of the semiconductor company’s stock worth $46,000 after purchasing an additional 1,401 shares during the period. KBC Group NV raised its position in Cohu by 75.7% in the fourth quarter. KBC Group NV now owns 2,627 shares of the semiconductor company’s stock worth $70,000 after acquiring an additional 1,132 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in Cohu in the fourth quarter valued at about $120,000. Morgan Dempsey Capital Management LLC grew its position in shares of Cohu by 24.8% during the 4th quarter. Morgan Dempsey Capital Management LLC now owns 7,609 shares of the semiconductor company’s stock valued at $203,000 after acquiring an additional 1,513 shares during the period. Finally, Sheets Smith Wealth Management purchased a new stake in shares of Cohu during the 4th quarter worth approximately $205,000. Institutional investors own 94.67% of the company’s stock.

Cohu Stock Performance

NASDAQ:COHU opened at $13.38 on Friday. The business’s fifty day moving average is $18.98 and its 200 day moving average is $23.48. The firm has a market cap of $624.98 million, a price-to-earnings ratio of -8.92 and a beta of 1.39. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.69 and a current ratio of 6.38. Cohu, Inc. has a 52-week low of $12.57 and a 52-week high of $36.60.

Cohu (NASDAQ:COHU) last announced its quarterly earnings results on Thursday, February 20th. The semiconductor company reported ($0.25) earnings per share for the quarter, missing the consensus estimate 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 predict that Cohu, Inc. will post -0.36 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on COHU shares. Stifel Nicolaus dropped their price objective on Cohu from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. B. Riley dropped their price target on Cohu from $34.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Cohu in a research note on Tuesday, February 25th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target 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.