C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Takes $120,000 Position in Cohu, Inc. (NASDAQ:COHU)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in Cohu, Inc. (NASDAQ:COHU) in the 4th quarter, Holdings Channel.com reports. The firm purchased 4,505 shares of the semiconductor company’s stock, valued at approximately $120,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. First Horizon Advisors Inc. boosted its holdings in shares of Cohu by 49.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,622 shares of the semiconductor company’s stock valued at $42,000 after buying an additional 535 shares during the period. KBC Group NV boosted its holdings in shares of Cohu by 75.7% in the 4th quarter. KBC Group NV now owns 2,627 shares of the semiconductor company’s stock valued at $70,000 after buying an additional 1,132 shares during the period. Sheets Smith Wealth Management acquired a new position in shares of Cohu in the 4th quarter valued at about $205,000. US Bancorp DE boosted its holdings in shares of Cohu by 59.7% in the 3rd quarter. US Bancorp DE now owns 8,823 shares of the semiconductor company’s stock valued at $227,000 after buying an additional 3,297 shares during the period. Finally, GSA Capital Partners LLP boosted 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 valued at $255,000 after purchasing an additional 2,532 shares during the period. 94.67% of the stock is owned by institutional investors and hedge funds.

Cohu Trading Down 1.6 %

Shares of NASDAQ:COHU opened at $21.12 on Friday. The company has a 50 day moving average of $24.87 and a 200-day moving average of $25.47. The firm has a market cap of $984.40 million, a P/E ratio of -19.56 and a beta of 1.45. Cohu, Inc. has a twelve month low of $19.52 and a twelve month high of $36.60. The company has a current ratio of 6.38, a quick ratio of 4.69 and a debt-to-equity ratio of 0.01.

Cohu (NASDAQ:COHU) last released its earnings results on Thursday, February 20th. The semiconductor company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). Cohu had a negative return on equity of 1.01% and a negative net margin of 11.35%. As a group, analysts anticipate that Cohu, Inc. will post -0.51 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

COHU has been the subject of a number of analyst reports. Needham & Company LLC reissued a “hold” rating on shares of Cohu in a research note on Friday. TD Cowen reduced their target price on shares of Cohu from $36.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Stifel Nicolaus reduced their target price on shares of Cohu from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Friday. The Goldman Sachs Group reduced their target price on shares of Cohu from $26.00 to $23.00 and set a “sell” rating for the company in a research note on Friday, November 1st. Finally, Craig Hallum raised shares of Cohu from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price 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.