1 day Ago By Defense World Staff
Geode Capital Management LLC trimmed its holdings in Cohu, Inc. ( NASDAQ:COHU – Free Report ) by 0.6% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission.
The fund owned 1,107,664 shares of the semiconductor company’s stock after selling 6,730 shares during the period. Geode Capital Management LLC owned 2.38% of Cohu worth $29,582,000 as of its most recent filing with the Securities and Exchange Commission.
Several other hedge funds have also recently added to or reduced their stakes in COHU. Franklin Resources Inc. increased its stake in shares of Cohu by 1.
4% during the 4th quarter. Franklin Resources Inc. now owns 3,191,263 shares of the semiconductor company’s stock worth $85,207,000 after purchasing an additional 45,571 shares in the last quarter.
JPMorgan Chase & Co. raised its holdings in shares of Cohu by 11.0% in the fourth quarter.
JPMorgan Chase & Co. now owns 223,548 shares of the semiconductor company’s stock worth $5,969,000 after acquiring an additional 22,108 shares during the last quarter. Mitsubishi UFJ Asset Management Co.
Ltd. boosted its stake in shares of Cohu by 1,225.7% during the fourth quarter.
Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,392 shares of the semiconductor company’s stock valued at $37,000 after acquiring an additional 1,287 shares during the last quarter.
LPL Financial LLC raised its position in shares of Cohu by 10.3% in the fourth quarter. LPL Financial LLC now owns 15,514 shares of the semiconductor company’s stock valued at $414,000 after buying an additional 1,452 shares during the last quarter.
Finally, KLP Kapitalforvaltning AS acquired a new position in shares of Cohu in the fourth quarter valued at approximately $288,000. 94.67% of the stock is currently owned by hedge funds and other institutional investors.
Analysts Set New Price Targets Several equities research analysts have recently issued reports on COHU shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Cohu in a research report on Tuesday, February 25th. B.
Riley dropped their target price on shares of Cohu from $34.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, February 14th.
Finally, Stifel Nicolaus lowered their price target on Cohu from $40.00 to $35.00 and set a “buy” rating for the company in a report on Friday, February 14th.
Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, Cohu has an average rating of “Hold” and a consensus price target of $30.
57. Cohu Stock Performance Shares of COHU opened at $14.06 on Friday.
The firm has a market cap of $654.35 million, a price-to-earnings ratio of -9.37 and a beta of 1.
39. The business’s 50 day moving average is $17.15 and its two-hundred day moving average is $22.
68. The company has a quick ratio of 4.69, a current ratio of 6.
38 and a debt-to-equity ratio of 0.01. Cohu, Inc.
has a 52-week low of $12.57 and a 52-week high of $36.60.
Cohu ( NASDAQ:COHU – Get Free Report ) last issued its earnings results 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 return on equity of 3.
18% and a negative net margin of 17.38%. Analysts forecast that Cohu, Inc.
will post -0.36 EPS for the current fiscal year. Cohu Profile ( Free Report ) 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. Featured Stories Five stocks we like better than Cohu Manufacturing Stocks Investing Tariff Exemptions Set the Stage for a Taiwan Semiconductor Rally What Does a Stock Split Mean? Mitigating Tariffs: 3 Stocks to Gain From a Weaker U.S.
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