Cohu, Inc. (NASDAQ:COHU) Position Reduced by Kovack Advisors Inc.

Kovack Advisors Inc. trimmed its holdings in shares of Cohu, Inc. (NASDAQ:COHU) by 9.7% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 46,662 shares of the semiconductor company’s stock after selling 4,998 shares during the period. Kovack Advisors Inc. owned 0.10% of Cohu worth $1,651,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently modified their holdings of the company. Meeder Asset Management Inc. acquired a new stake in shares of Cohu during the fourth quarter worth $35,000. Teza Capital Management LLC acquired a new stake in shares of Cohu in the 3rd quarter worth about $212,000. Altfest L J & Co. Inc. acquired a new stake in shares of Cohu in the 4th quarter worth about $250,000. Inspire Investing LLC increased its holdings in shares of Cohu by 17.3% in the 3rd quarter. Inspire Investing LLC now owns 8,894 shares of the semiconductor company’s stock worth $306,000 after acquiring an additional 1,313 shares during the period. Finally, TD Asset Management Inc increased its holdings in shares of Cohu by 38.6% in the 3rd quarter. TD Asset Management Inc now owns 9,700 shares of the semiconductor company’s stock worth $334,000 after acquiring an additional 2,700 shares during the period. 94.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts recently weighed in on the stock. Needham & Company LLC reaffirmed a “buy” rating and issued a $36.00 price objective on shares of Cohu in a report on Friday, February 16th. TD Cowen raised their target price on shares of Cohu from $38.00 to $40.00 and gave the company an “outperform” rating in a research note on Friday, February 16th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Cohu has an average rating of “Moderate Buy” and a consensus target price of $43.50.

Cohu Price Performance

Shares of NASDAQ:COHU traded up $0.24 during trading hours on Friday, hitting $31.08. 126,840 shares of the company’s stock traded hands, compared to its average volume of 211,186. Cohu, Inc. has a 52 week low of $28.57 and a 52 week high of $43.99. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.67 and a current ratio of 6.18. The company’s fifty day simple moving average is $31.55 and its two-hundred day simple moving average is $32.63. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 52.68 and a beta of 1.52.

Cohu (NASDAQ:COHU) last announced its earnings results on Thursday, February 15th. The semiconductor company reported $0.23 EPS for the quarter, topping the consensus estimate of $0.22 by $0.01. Cohu had a net margin of 4.42% and a return on equity of 6.73%. The company had revenue of $137.23 million during the quarter, compared to analysts’ expectations of $136.94 million. During the same period last year, the company posted $0.63 earnings per share. The business’s revenue for the quarter was down 28.2% on a year-over-year basis. As a group, equities analysts anticipate that Cohu, Inc. will post 0.22 EPS for the current fiscal year.

Cohu 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.