D. E. Shaw & Co. Inc. Sells 5,753 Shares of Cohu, Inc. (NASDAQ:COHU)

D. E. Shaw & Co. Inc. lessened its position in shares of Cohu, Inc. (NASDAQ:COHU) by 2.4% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 230,884 shares of the semiconductor company’s stock after selling 5,753 shares during the period. D. E. Shaw & Co. Inc. owned approximately 0.50% of Cohu worth $6,165,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of COHU. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Cohu by 1,225.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,392 shares of the semiconductor company’s stock worth $37,000 after acquiring an additional 1,287 shares during the period. Sterling Capital Management LLC increased its holdings in Cohu by 826.9% during the 4th quarter. Sterling Capital Management LLC now owns 1,483 shares of the semiconductor company’s stock worth $40,000 after acquiring an additional 1,323 shares during the period. Smartleaf Asset Management LLC increased its holdings in Cohu by 413.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,740 shares of the semiconductor company’s stock worth $46,000 after acquiring an additional 1,401 shares during the period. KBC Group NV increased its holdings in Cohu by 75.7% during the 4th quarter. KBC Group NV now owns 2,627 shares of the semiconductor company’s stock worth $70,000 after acquiring an additional 1,132 shares during the period. Finally, Tower Research Capital LLC TRC grew its stake in Cohu by 14.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,842 shares of the semiconductor company’s stock worth $103,000 after buying an additional 486 shares in the last quarter. Institutional investors own 94.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on the stock. Needham & Company LLC reissued a “hold” rating on shares of Cohu in a report on Friday, May 2nd. StockNews.com lowered shares of Cohu from a “hold” rating to a “sell” rating in a report on Tuesday. B. Riley decreased their price target on shares of Cohu from $34.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, February 14th. TD Cowen decreased their price target on shares of Cohu from $27.00 to $22.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. Finally, Stifel Nicolaus decreased their price target on shares of Cohu from $35.00 to $28.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Cohu presently has an average rating of “Hold” and an average price target of $28.43.

Cohu Price Performance

Shares of Cohu stock opened at $17.76 on Friday. Cohu, Inc. has a 52-week low of $12.57 and a 52-week high of $36.60. The stock has a market capitalization of $825.89 million, a price-to-earnings ratio of -11.84 and a beta of 1.22. The company has a fifty day moving average of $15.80 and a 200-day moving average of $21.41. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.69 and a current ratio of 6.38.

Cohu (NASDAQ:COHU) last announced its quarterly earnings data on Thursday, May 1st. The semiconductor company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.14. The company had revenue of $96.80 million during the quarter, compared to analysts’ expectations of $96.61 million. Cohu had a negative net margin of 17.38% and a negative return on equity of 3.18%. The firm’s revenue was down 10.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.01 EPS. Equities research analysts expect that Cohu, Inc. will post -0.36 EPS for the current year.

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.