Rhumbline Advisers Cuts Position in Cohu, Inc. (NASDAQ:COHU)

Rhumbline Advisers lessened its position in shares of Cohu, Inc. (NASDAQ:COHU) by 2.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 147,133 shares of the semiconductor company’s stock after selling 3,385 shares during the quarter. Rhumbline Advisers owned about 0.31% of Cohu worth $4,870,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in shares of Cohu by 3.3% in the 1st quarter. Vanguard Group Inc. now owns 4,303,097 shares of the semiconductor company’s stock worth $143,422,000 after purchasing an additional 137,475 shares during the period. Dimensional Fund Advisors LP boosted its holdings in shares of Cohu by 2.0% in the 4th quarter. Dimensional Fund Advisors LP now owns 3,064,004 shares of the semiconductor company’s stock worth $108,438,000 after purchasing an additional 60,964 shares during the period. Franklin Resources Inc. boosted its holdings in shares of Cohu by 8.4% in the 4th quarter. Franklin Resources Inc. now owns 2,782,650 shares of the semiconductor company’s stock worth $98,478,000 after purchasing an additional 215,153 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of Cohu by 54.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 905,309 shares of the semiconductor company’s stock worth $29,966,000 after purchasing an additional 320,234 shares during the period. Finally, TimesSquare Capital Management LLC boosted its holdings in shares of Cohu by 7.2% in the 1st quarter. TimesSquare Capital Management LLC now owns 746,680 shares of the semiconductor company’s stock worth $24,887,000 after purchasing an additional 49,892 shares during the period. Hedge funds and other institutional investors own 94.67% of the company’s stock.

Cohu Price Performance

Shares of COHU stock opened at $25.15 on Monday. Cohu, Inc. has a 52-week low of $22.80 and a 52-week high of $36.60. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.09 and a current ratio of 6.95. The firm has a market capitalization of $1.18 billion, a P/E ratio of -503.00 and a beta of 1.53. The stock has a 50 day moving average price of $28.26 and a 200 day moving average price of $30.26.

Cohu (NASDAQ:COHU) last issued its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.03). Cohu had a positive return on equity of 1.27% and a negative net margin of 5.70%. The business had revenue of $104.70 million for the quarter, compared to the consensus estimate of $105.00 million. As a group, sell-side analysts predict that Cohu, Inc. will post -0.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

COHU has been the subject of a number of recent research reports. Citigroup cut Cohu from a “buy” rating to a “neutral” rating and set a $36.00 target price for the company. in a report on Monday, July 15th. StockNews.com cut Cohu from a “hold” rating to a “sell” rating in a report on Friday, August 2nd. Finally, Needham & Company LLC dropped their target price on Cohu from $37.00 to $33.00 and set a “buy” rating for the company in a report on Thursday, August 1st. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. According to MarketBeat, Cohu currently has a consensus rating of “Hold” and an average price target of $35.00.

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.