Foundry Partners LLC Sells 159,379 Shares of Cohu, Inc. (NASDAQ:COHU)

Foundry Partners LLC reduced its holdings in shares of Cohu, Inc. (NASDAQ:COHU) by 96.0% in the fourth quarter, according to its most recent filing with the SEC. The fund owned 6,595 shares of the semiconductor company’s stock after selling 159,379 shares during the period. Foundry Partners LLC’s holdings in Cohu were worth $233,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of COHU. TimesSquare Capital Management LLC increased its holdings in shares of Cohu by 166.1% in the 3rd quarter. TimesSquare Capital Management LLC now owns 647,338 shares of the semiconductor company’s stock valued at $22,294,000 after acquiring an additional 404,028 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Cohu by 7.8% in the 3rd quarter. Vanguard Group Inc. now owns 4,105,906 shares of the semiconductor company’s stock valued at $141,407,000 after buying an additional 295,456 shares during the period. Pacer Advisors Inc. raised its holdings in Cohu by 61.3% in the 4th quarter. Pacer Advisors Inc. now owns 751,039 shares of the semiconductor company’s stock worth $26,579,000 after purchasing an additional 285,537 shares during the period. American Century Companies Inc. raised its holdings in Cohu by 22.9% in the 3rd quarter. American Century Companies Inc. now owns 974,605 shares of the semiconductor company’s stock worth $33,565,000 after purchasing an additional 181,689 shares during the period. Finally, Invesco Ltd. raised its holdings in Cohu by 15.4% in the 3rd quarter. Invesco Ltd. now owns 745,661 shares of the semiconductor company’s stock worth $25,681,000 after purchasing an additional 99,544 shares during the period. 94.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several equities research analysts have commented on COHU shares. Needham & Company LLC reiterated a “buy” rating and set a $36.00 price objective on shares of Cohu in a research note on Friday, February 16th. TD Cowen boosted their price objective on Cohu from $38.00 to $40.00 and gave the stock an “outperform” rating in a research note on Friday, February 16th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, Cohu currently has a consensus rating of “Moderate Buy” and a consensus target price of $43.50.

Cohu Price Performance

NASDAQ:COHU opened at $29.07 on Tuesday. Cohu, Inc. has a 12 month low of $28.57 and a 12 month high of $43.99. The stock has a 50 day moving average of $31.74 and a two-hundred day moving average of $32.70. The company has a current ratio of 6.18, a quick ratio of 4.67 and a debt-to-equity ratio of 0.04. The firm has a market cap of $1.37 billion, a P/E ratio of 49.27 and a beta of 1.52.

Cohu (NASDAQ:COHU) last posted its quarterly earnings results on Thursday, February 15th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The business had revenue of $137.23 million during the quarter, compared to analyst estimates of $136.94 million. Cohu had a return on equity of 6.73% and a net margin of 4.42%. The business’s revenue was down 28.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.63 earnings per share. On average, analysts expect that Cohu, Inc. will post 0.22 earnings per share for the current fiscal 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.