Wedge Capital Management L L P NC Has $1.05 Million Holdings in Cohu, Inc. (NASDAQ:COHU)

Wedge Capital Management L L P NC lessened its holdings in Cohu, Inc. (NASDAQ:COHU) by 11.9% during the fourth quarter, HoldingsChannel reports. The fund owned 29,761 shares of the semiconductor company’s stock after selling 4,021 shares during the quarter. Wedge Capital Management L L P NC’s holdings in Cohu were worth $1,053,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in COHU. TimesSquare Capital Management LLC raised 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 worth $22,294,000 after acquiring an additional 404,028 shares during the last quarter. Vanguard Group Inc. raised 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 worth $141,407,000 after acquiring an additional 295,456 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of 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 acquiring an additional 285,537 shares during the last quarter. American Century Companies Inc. raised its holdings in shares of 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 acquiring an additional 181,689 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of 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 acquiring an additional 99,544 shares during the last quarter. Institutional investors and hedge funds own 94.67% of the company’s stock.

Cohu Stock Up 1.6 %

COHU opened at $30.84 on Friday. The company has a 50 day moving average of $31.62 and a 200 day moving average of $32.65. The company has a market cap of $1.45 billion, a PE ratio of 52.27 and a beta of 1.52. Cohu, Inc. has a 12 month low of $28.57 and a 12 month high of $43.99. The company has a current ratio of 6.18, a quick ratio of 4.67 and a debt-to-equity ratio of 0.04.

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

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on the stock. Needham & Company LLC reiterated a “buy” rating and issued a $36.00 price objective on shares of Cohu in a research note 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 note on Friday, February 16th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.50.

Cohu 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.