Bank of New York Mellon Corp Increases Position in Cohu, Inc. (NASDAQ:COHU)

Bank of New York Mellon Corp lifted its position in Cohu, Inc. (NASDAQ:COHU) by 2.1% during the 4th quarter, HoldingsChannel reports. The institutional investor owned 926,322 shares of the semiconductor company’s stock after acquiring an additional 19,236 shares during the period. Bank of New York Mellon Corp’s holdings in Cohu were worth $24,733,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. First Horizon Advisors Inc. raised its position in Cohu by 49.2% in the third quarter. First Horizon Advisors Inc. now owns 1,622 shares of the semiconductor company’s stock worth $42,000 after acquiring an additional 535 shares during the period. KBC Group NV grew 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 valued at $70,000 after acquiring an additional 1,132 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new stake in shares of Cohu in the 4th quarter worth about $120,000. Sheets Smith Wealth Management bought a new stake in shares of Cohu in the 4th quarter worth about $205,000. Finally, US Bancorp DE boosted its stake in shares of Cohu by 59.7% during the 3rd 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. Institutional investors own 94.67% of the company’s stock.

Analysts Set New Price Targets

COHU has been the subject of several research reports. Needham & Company LLC reissued a “hold” rating on shares of Cohu in a research report on Tuesday, February 25th. B. Riley lowered their price target on shares of Cohu from $34.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, February 14th. 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 analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $30.57.

Cohu Stock Down 4.6 %

COHU stock opened at $17.18 on Monday. The firm’s fifty day simple moving average is $22.71 and its 200-day simple moving average is $24.75. The company has a market capitalization of $802.48 million, a P/E ratio of -11.45 and a beta of 1.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.38 and a quick ratio of 4.69. Cohu, Inc. has a 12 month low of $16.88 and a 12 month high of $36.60.

Cohu (NASDAQ:COHU) last released its quarterly earnings data 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 net margin of 17.38% and a negative return on equity of 3.18%. As a group, equities research analysts forecast that Cohu, Inc. will post -0.36 earnings per share for the current year.

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.