Smartleaf Asset Management LLC Buys 1,401 Shares of Cohu, Inc. (NASDAQ:COHU)

Smartleaf Asset Management LLC grew its stake in shares of Cohu, Inc. (NASDAQ:COHU) by 413.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,740 shares of the semiconductor company’s stock after purchasing an additional 1,401 shares during the period. Smartleaf Asset Management LLC’s holdings in Cohu were worth $46,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of the stock. First Horizon Advisors Inc. lifted its position in Cohu by 49.2% during the 3rd 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. KBC Group NV increased its stake in shares of 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 purchasing an additional 1,132 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of Cohu during the fourth quarter valued at approximately $120,000. Morgan Dempsey Capital Management LLC boosted its position in shares of Cohu by 24.8% in the 4th quarter. Morgan Dempsey Capital Management LLC now owns 7,609 shares of the semiconductor company’s stock worth $203,000 after purchasing an additional 1,513 shares in the last quarter. Finally, Sheets Smith Wealth Management purchased a new stake in shares of Cohu in the 4th quarter worth approximately $205,000. Hedge funds and other institutional investors own 94.67% of the company’s stock.

Cohu Stock Up 3.2 %

Cohu stock opened at $16.51 on Wednesday. The firm has a market cap of $771.18 million, a price-to-earnings ratio of -11.01 and a beta of 1.50. The company has a current ratio of 6.38, a quick ratio of 4.69 and a debt-to-equity ratio of 0.01. Cohu, Inc. has a 12 month low of $15.61 and a 12 month high of $36.60. The stock has a fifty day simple moving average of $22.30 and a two-hundred day simple moving average of $24.61.

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 return on equity of 3.18% and a negative net margin of 17.38%. Equities analysts predict that Cohu, Inc. will post -0.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on COHU. Stifel Nicolaus lowered their price objective on Cohu from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Friday, February 14th. Needham & Company LLC reaffirmed a “hold” rating on shares of Cohu in a research report on Tuesday, February 25th. Finally, 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 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. According to data from MarketBeat, Cohu currently has a consensus rating of “Hold” and a consensus price target of $30.57.

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.