Cohu, Inc. (NASDAQ:COHU) Stake Reduced by Linden Thomas Advisory Services LLC

Linden Thomas Advisory Services LLC cut its holdings in Cohu, Inc. (NASDAQ:COHU) by 2.1% during the 4th quarter, Holdings Channel.com reports. The fund owned 33,228 shares of the semiconductor company’s stock after selling 698 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Cohu were worth $887,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Mackenzie Financial Corp raised its holdings in Cohu by 5.6% during the 2nd quarter. Mackenzie Financial Corp now owns 7,939 shares of the semiconductor company’s stock worth $263,000 after buying an additional 419 shares during the period. First Horizon Advisors Inc. raised its holdings in Cohu by 49.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,622 shares of the semiconductor company’s stock worth $42,000 after buying an additional 535 shares during the period. Orion Portfolio Solutions LLC raised its holdings in Cohu by 3.2% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 36,725 shares of the semiconductor company’s stock worth $944,000 after buying an additional 1,141 shares during the period. The Manufacturers Life Insurance Company raised its holdings in Cohu by 5.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,002 shares of the semiconductor company’s stock worth $794,000 after buying an additional 1,247 shares during the period. Finally, GSA Capital Partners LLP raised its holdings in Cohu by 34.3% during the 3rd quarter. GSA Capital Partners LLP now owns 9,922 shares of the semiconductor company’s stock worth $255,000 after buying an additional 2,532 shares during the period. 94.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. TD Cowen cut their price objective on Cohu from $36.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, November 1st. The Goldman Sachs Group dropped their target price on Cohu from $26.00 to $23.00 and set a “sell” rating on the stock in a report on Friday, November 1st. 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 research report on Friday, November 1st. Finally, Needham & Company LLC lowered shares of Cohu from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the stock. Based on data from MarketBeat.com, Cohu presently has an average rating of “Hold” and a consensus target price of $31.50.

Cohu Price Performance

Shares of COHU opened at $23.95 on Monday. The firm has a market cap of $1.12 billion, a PE ratio of -22.18 and a beta of 1.47. The firm’s 50 day moving average price is $26.12 and its 200 day moving average price is $26.52. 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 twelve month low of $22.80 and a twelve month high of $36.60.

Cohu (NASDAQ:COHU) last issued 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). The business had revenue of $95.30 million for the quarter, compared to the consensus estimate of $95.75 million. Cohu had a negative net margin of 11.35% and a negative return on equity of 1.01%. Cohu’s revenue was down 36.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.27 EPS. As a group, research analysts expect that Cohu, Inc. will post -0.46 EPS for the current fiscal year.

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.