Kendall Capital Management Decreases Holdings in Cohu, Inc. (NASDAQ:COHU)

Kendall Capital Management lowered its stake in Cohu, Inc. (NASDAQ:COHU) by 49.7% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 13,020 shares of the semiconductor company’s stock after selling 12,870 shares during the period. Kendall Capital Management’s holdings in Cohu were worth $348,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. CM Management LLC lifted its stake in Cohu by 16.7% in the 4th quarter. CM Management LLC now owns 70,000 shares of the semiconductor company’s stock valued at $1,869,000 after buying an additional 10,000 shares in the last quarter. Amundi lifted its stake in Cohu by 174.5% in the 4th quarter. Amundi now owns 22,675 shares of the semiconductor company’s stock valued at $598,000 after buying an additional 14,415 shares in the last quarter. Proficio Capital Partners LLC purchased a new stake in Cohu in the 4th quarter valued at approximately $903,000. Charles Schwab Investment Management Inc. lifted its stake in Cohu by 8.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 677,370 shares of the semiconductor company’s stock valued at $18,086,000 after buying an additional 53,096 shares in the last quarter. Finally, Smartleaf Asset Management LLC lifted its stake in Cohu by 413.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,740 shares of the semiconductor company’s stock valued at $46,000 after buying an additional 1,401 shares in the last quarter. Hedge funds and other institutional investors own 94.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Stifel Nicolaus reduced their target price on Cohu from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. B. Riley reduced their price target on Cohu from $34.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Cohu in a research note on Tuesday, February 25th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $30.57.

Cohu Trading Down 4.6 %

COHU stock opened at $17.18 on Monday. The company has a market cap of $802.48 million, a price-to-earnings ratio of -11.45 and a beta of 1.50. The company has a quick ratio of 4.69, a current ratio of 6.38 and a debt-to-equity ratio of 0.01. The business has a fifty day simple moving average of $22.71 and a 200-day simple moving average of $24.75. Cohu, Inc. has a 52 week low of $16.88 and a 52 week high of $36.60.

Cohu (NASDAQ:COHU) last released its quarterly earnings data 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 3.18% and a negative net margin of 17.38%. On average, equities research analysts expect that Cohu, Inc. will post -0.36 EPS for the current year.

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.