CM Management LLC Increases Holdings in Cohu, Inc. (NASDAQ:COHU)

CM Management LLC boosted its position in Cohu, Inc. (NASDAQ:COHU) by 16.7% in the 4th quarter, Holdings Channel reports. The institutional investor owned 70,000 shares of the semiconductor company’s stock after purchasing an additional 10,000 shares during the period. Cohu comprises approximately 1.6% of CM Management LLC’s investment portfolio, making the stock its 29th largest position. CM Management LLC’s holdings in Cohu were worth $1,869,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of the business. First Horizon Advisors Inc. raised its position in Cohu by 49.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,622 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 535 shares during the period. KBC Group NV increased its holdings in shares of 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 buying an additional 1,132 shares during the period. Orion Portfolio Solutions LLC lifted its stake in shares of Cohu by 3.2% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 36,725 shares of the semiconductor company’s stock valued at $944,000 after acquiring an additional 1,141 shares during the last quarter. Smartleaf Asset Management LLC boosted its holdings in Cohu by 413.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,740 shares of the semiconductor company’s stock valued at $46,000 after acquiring an additional 1,401 shares during the period. Finally, Morgan Dempsey Capital Management LLC grew its position in Cohu by 24.8% during the 4th quarter. Morgan Dempsey Capital Management LLC now owns 7,609 shares of the semiconductor company’s stock worth $203,000 after acquiring an additional 1,513 shares during the last quarter. 94.67% of the stock is currently owned by institutional investors.

Cohu Price Performance

Shares of NASDAQ:COHU opened at $17.18 on Friday. The company has a quick ratio of 4.69, a current ratio of 6.38 and a debt-to-equity ratio of 0.01. Cohu, Inc. has a twelve month low of $16.88 and a twelve month high of $36.60. The firm’s 50 day moving average price is $22.71 and its 200-day moving average price is $24.77. The stock has a market capitalization of $802.48 million, a PE ratio of -11.45 and a beta of 1.50.

Cohu (NASDAQ:COHU) last released its quarterly earnings data on Thursday, February 20th. The semiconductor company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates 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 research analysts expect that Cohu, Inc. will post -0.36 EPS for the current year.

Wall Street Analysts Forecast Growth

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