Proficio Capital Partners LLC Takes Position in Cohu, Inc. (NASDAQ:COHU)

Proficio Capital Partners LLC acquired a new position in shares of Cohu, Inc. (NASDAQ:COHU) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 33,802 shares of the semiconductor company’s stock, valued at approximately $903,000.

A number of other institutional investors have also recently added to or reduced their stakes in COHU. GSA Capital Partners LLP grew its stake 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 last quarter. First Horizon Advisors Inc. grew its stake 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 last quarter. Intech Investment Management LLC bought a new position in Cohu during the 3rd quarter worth $269,000. Foundry Partners LLC grew its stake in Cohu by 37.4% during the 3rd quarter. Foundry Partners LLC now owns 13,646 shares of the semiconductor company’s stock worth $351,000 after buying an additional 3,715 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. grew its stake in Cohu by 10.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 624,274 shares of the semiconductor company’s stock worth $16,044,000 after buying an additional 59,806 shares during the last quarter. 94.67% of the stock is currently owned by institutional investors.

Cohu Trading Down 2.0 %

Shares of NASDAQ COHU opened at $16.56 on Friday. Cohu, Inc. has a 12 month low of $15.61 and a 12 month high of $36.60. The company has a market cap of $773.52 million, a price-to-earnings ratio of -11.04 and a beta of 1.50. The company has a quick ratio of 4.69, a current ratio of 6.38 and a debt-to-equity ratio of 0.01. The business has a fifty day simple moving average of $20.74 and a 200-day simple moving average of $24.10.

Cohu (NASDAQ:COHU) last posted 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%. Sell-side analysts predict that Cohu, Inc. will post -0.36 EPS for the current year.

Analyst Ratings Changes

A number of research analysts recently commented on the company. 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. B. Riley reduced their price target on Cohu from $34.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, February 14th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Cohu in a research report on Tuesday, February 25th. Two equities research 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 MarketBeat.com, the company 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.