Cohu, Inc. (NASDAQ:COHU) Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund cut its position in Cohu, Inc. (NASDAQ:COHU) by 11.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 24,473 shares of the semiconductor company’s stock after selling 3,141 shares during the quarter. Illinois Municipal Retirement Fund owned 0.05% of Cohu worth $653,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the company. International Assets Investment Management LLC acquired a new position in Cohu during the 3rd quarter worth $528,000. Charles Schwab Investment Management Inc. grew its stake in Cohu by 10.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 624,274 shares of the semiconductor company’s stock worth $16,044,000 after purchasing an additional 59,806 shares in the last quarter. Creative Planning grew its stake in Cohu by 219.4% during the 3rd quarter. Creative Planning now owns 27,237 shares of the semiconductor company’s stock worth $700,000 after purchasing an additional 18,709 shares in the last quarter. Victory Capital Management Inc. grew its stake in Cohu by 7.1% during the 3rd quarter. Victory Capital Management Inc. now owns 3,358,288 shares of the semiconductor company’s stock worth $86,308,000 after purchasing an additional 224,022 shares in the last quarter. Finally, Thrivent Financial for Lutherans grew its stake in Cohu by 11.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 1,462,410 shares of the semiconductor company’s stock worth $37,584,000 after purchasing an additional 152,574 shares in the last quarter. 94.67% of the stock is owned by institutional investors and hedge funds.

Cohu Stock Down 9.6 %

Cohu stock opened at $17.77 on Tuesday. Cohu, Inc. has a fifty-two week low of $17.72 and a fifty-two 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. The company has a market capitalization of $830.04 million, a P/E ratio of -11.85 and a beta of 1.45. The stock has a 50-day simple moving average of $23.44 and a 200-day simple moving average of $24.99.

Cohu (NASDAQ:COHU) last posted its quarterly earnings data on Thursday, February 20th. The semiconductor company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.18). Cohu had a negative net margin of 17.38% and a negative return on equity of 3.18%. Equities research analysts expect that Cohu, Inc. will post -0.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

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