Tributary Capital Management LLC Boosts Position in Cohu, Inc. (NASDAQ:COHU)

Tributary Capital Management LLC grew its stake in shares of Cohu, Inc. (NASDAQ:COHU) by 13.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 588,572 shares of the semiconductor company’s stock after buying an additional 67,525 shares during the period. Tributary Capital Management LLC’s holdings in Cohu were worth $15,715,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of COHU. Sheets Smith Wealth Management purchased a new stake in Cohu in the 4th quarter worth approximately $205,000. 272 Capital LP grew its position in Cohu by 167.9% during the third quarter. 272 Capital LP now owns 157,150 shares of the semiconductor company’s stock worth $4,039,000 after buying an additional 98,496 shares in the last quarter. Franklin Resources Inc. increased its stake in Cohu by 25.9% in the 3rd quarter. Franklin Resources Inc. now owns 3,145,692 shares of the semiconductor company’s stock worth $82,134,000 after acquiring an additional 647,828 shares during the last quarter. Meros Investment Management LP bought a new position in Cohu in the 3rd quarter worth about $257,000. Finally, Geode Capital Management LLC raised its holdings in shares of Cohu by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,114,394 shares of the semiconductor company’s stock valued at $28,645,000 after acquiring an additional 9,563 shares in the last quarter. 94.67% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the stock. The Goldman Sachs Group decreased their price target on shares of Cohu from $26.00 to $23.00 and set a “sell” rating on the stock in a report on Friday, November 1st. Needham & Company LLC downgraded Cohu from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. TD Cowen dropped their price target on Cohu from $36.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Finally, Craig Hallum upgraded Cohu from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Cohu presently has a consensus rating of “Hold” and a consensus price target of $31.50.

Cohu Stock Performance

Shares of Cohu stock opened at $23.95 on Friday. The company’s 50 day moving average price is $26.12 and its 200-day moving average price is $26.64. Cohu, Inc. has a 52-week low of $22.80 and a 52-week high of $36.60. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.69 and a current ratio of 6.38.

Cohu (NASDAQ:COHU) last issued its quarterly earnings data on Thursday, October 31st. The semiconductor company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.02). The firm had revenue of $95.30 million for the quarter, compared to the consensus estimate of $95.75 million. Cohu had a negative net margin of 11.35% and a negative return on equity of 1.01%. The business’s revenue was down 36.8% on a year-over-year basis. During the same period last year, the company posted $0.27 earnings per share. On average, sell-side analysts forecast that Cohu, Inc. will post -0.46 EPS for the current 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.