Cohu, Inc. (NASDAQ:COHU) Shares Sold by abrdn plc

abrdn plc cut its holdings in shares of Cohu, Inc. (NASDAQ:COHU) by 11.3% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 692,555 shares of the semiconductor company’s stock after selling 88,607 shares during the period. abrdn plc’s holdings in Cohu were worth $24,510,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new stake in shares of Cohu in the 4th quarter valued at approximately $35,000. Teza Capital Management LLC purchased a new stake in shares of Cohu in the 3rd quarter valued at approximately $212,000. Altfest L J & Co. Inc. purchased a new stake in shares of Cohu in the 4th quarter valued at approximately $250,000. Inspire Investing LLC increased its position in shares of Cohu by 17.3% in the 3rd quarter. Inspire Investing LLC now owns 8,894 shares of the semiconductor company’s stock valued at $306,000 after purchasing an additional 1,313 shares during the last quarter. Finally, TD Asset Management Inc increased its position in shares of Cohu by 38.6% in the 3rd quarter. TD Asset Management Inc now owns 9,700 shares of the semiconductor company’s stock valued at $334,000 after purchasing an additional 2,700 shares during the last quarter. 94.67% of the stock is currently owned by institutional investors and hedge funds.

Cohu Trading Up 3.0 %

NASDAQ COHU opened at $29.95 on Wednesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 6.18 and a quick ratio of 4.67. The firm’s fifty day moving average price is $31.68 and its 200 day moving average price is $32.66. The company has a market capitalization of $1.41 billion, a price-to-earnings ratio of 50.76 and a beta of 1.52. Cohu, Inc. has a 12 month low of $28.57 and a 12 month high of $43.99.

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

Analysts Set New Price Targets

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

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.