Linden Thomas Advisory Services LLC reduced its holdings in shares of Cohu, Inc. (NASDAQ:COHU – Free Report) by 1.7% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 33,233 shares of the semiconductor company’s stock after selling 563 shares during the quarter. Linden Thomas Advisory Services LLC’s holdings in Cohu were worth $639,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other institutional investors also recently modified their holdings of the business. Victory Capital Management Inc. raised its position in Cohu by 18.6% in the 1st quarter. Victory Capital Management Inc. now owns 3,731,981 shares of the semiconductor company’s stock worth $54,897,000 after buying an additional 585,234 shares during the last quarter. Paradigm Capital Management Inc. NY grew its stake in shares of Cohu by 101.7% in the first quarter. Paradigm Capital Management Inc. NY now owns 967,549 shares of the semiconductor company’s stock worth $14,233,000 after acquiring an additional 487,800 shares during the period. Royce & Associates LP raised its holdings in shares of Cohu by 16.4% during the first quarter. Royce & Associates LP now owns 1,679,478 shares of the semiconductor company’s stock valued at $24,705,000 after purchasing an additional 237,084 shares during the last quarter. Kovitz Investment Group Partners LLC bought a new position in Cohu during the first quarter valued at approximately $3,287,000. Finally, Azarias Capital Management L.P. grew its position in Cohu by 239.9% in the 2nd quarter. Azarias Capital Management L.P. now owns 235,811 shares of the semiconductor company’s stock worth $4,537,000 after purchasing an additional 166,432 shares during the period. 94.67% of the stock is owned by hedge funds and other institutional investors.
Cohu Stock Performance
Shares of NASDAQ COHU opened at $22.85 on Monday. Cohu, Inc. has a 12-month low of $12.57 and a 12-month high of $29.42. The firm has a market capitalization of $1.07 billion, a price-to-earnings ratio of -12.22 and a beta of 1.36. The company has a current ratio of 4.88, a quick ratio of 3.51 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average of $20.87 and a 200 day moving average of $19.05.
Analysts Set New Price Targets
Separately, Weiss Ratings reissued a “sell (d-)” rating on shares of Cohu in a report on Friday. Four investment analysts have rated the stock with a Buy rating, one has given a Hold rating and two have issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $27.17.
Read Our Latest Analysis on Cohu
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.
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