Inspire Investing LLC Sells 934 Shares of Cohu, Inc. (NASDAQ:COHU)

Inspire Investing LLC lessened its position in shares of Cohu, Inc. (NASDAQ:COHU) by 5.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,040 shares of the semiconductor company’s stock after selling 934 shares during the period. Inspire Investing LLC’s holdings in Cohu were worth $402,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of COHU. First Horizon Advisors Inc. grew its holdings in shares of Cohu by 49.2% during the third quarter. First Horizon Advisors Inc. now owns 1,622 shares of the semiconductor company’s stock worth $42,000 after buying an additional 535 shares in the last quarter. Sheets Smith Wealth Management acquired a new stake in shares of Cohu in the fourth quarter valued at approximately $205,000. US Bancorp DE lifted its position in shares of Cohu by 59.7% in the third quarter. US Bancorp DE now owns 8,823 shares of the semiconductor company’s stock worth $227,000 after purchasing an additional 3,297 shares in the last quarter. GSA Capital Partners LLP boosted its holdings in Cohu by 34.3% during the third quarter. GSA Capital Partners LLP now owns 9,922 shares of the semiconductor company’s stock worth $255,000 after purchasing an additional 2,532 shares during the last quarter. Finally, Meros Investment Management LP bought a new position in Cohu in the third quarter valued at $257,000. Institutional investors and hedge funds own 94.67% of the company’s stock.

Analyst Upgrades and Downgrades

COHU has been the topic of several analyst reports. The Goldman Sachs Group cut their price target on shares of Cohu from $26.00 to $23.00 and set a “sell” rating on the stock in a research report on Friday, November 1st. Craig Hallum upgraded Cohu from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research note on Friday, November 1st. Needham & Company LLC cut Cohu from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Finally, TD Cowen decreased their target price on shares of Cohu from $36.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $31.50.

Cohu Trading Down 2.1 %

COHU stock opened at $23.95 on Friday. Cohu, Inc. has a one year low of $22.80 and a one year high of $36.60. The stock has a market cap of $1.12 billion, a price-to-earnings ratio of -22.18 and a beta of 1.47. The company has a fifty day moving average price of $26.12 and a two-hundred day moving average price of $26.58. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.38 and a quick ratio of 4.69.

Cohu (NASDAQ:COHU) last announced its earnings results on Thursday, October 31st. The semiconductor company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.02). The company had revenue of $95.30 million for the quarter, compared to the consensus estimate of $95.75 million. Cohu had a negative return on equity of 1.01% and a negative net margin of 11.35%. The business’s quarterly revenue was down 36.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.27 EPS. Equities analysts anticipate that Cohu, Inc. will post -0.46 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.