Cohu, Inc. (NASDAQ:COHU) Shares Sold by Victory Capital Management Inc.

Victory Capital Management Inc. lessened its holdings in Cohu, Inc. (NASDAQ:COHU) by 6.3% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 3,146,747 shares of the semiconductor company’s stock after selling 211,541 shares during the period. Victory Capital Management Inc. owned 0.07% of Cohu worth $84,018,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of COHU. First Horizon Advisors Inc. increased its holdings 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 buying an additional 535 shares during the period. Smartleaf Asset Management LLC boosted its position in Cohu by 413.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,740 shares of the semiconductor company’s stock worth $46,000 after purchasing an additional 1,401 shares in the last quarter. KBC Group NV boosted its position in Cohu by 75.7% in the 4th quarter. KBC Group NV now owns 2,627 shares of the semiconductor company’s stock worth $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 stake in Cohu in the 4th quarter worth approximately $120,000. Finally, Morgan Dempsey Capital Management LLC boosted its position in 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. Institutional investors and hedge funds own 94.67% of the company’s stock.

Cohu Trading Down 2.1 %

Shares of NASDAQ:COHU opened at $18.01 on Friday. Cohu, Inc. has a 1 year low of $17.51 and a 1 year high of $36.60. The firm has a market capitalization of $841.25 million, a price-to-earnings ratio of -12.01 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. The business’s 50 day moving average price is $23.09 and its 200-day moving average price is $24.89.

Cohu (NASDAQ:COHU) last announced its earnings results on Thursday, February 20th. The semiconductor company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). Cohu had a negative net margin of 17.38% and a negative return on equity of 3.18%. On average, equities research analysts forecast that Cohu, Inc. will post -0.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Needham & Company LLC restated a “hold” rating on shares of Cohu in a research report on Tuesday, February 25th. Stifel Nicolaus lowered their price objective on Cohu from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. Finally, B. Riley lowered their price objective on Cohu from $34.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Cohu has a consensus rating of “Hold” and a consensus target price of $30.57.

About Cohu

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.