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

Inspire Investing LLC lowered its position in Cohu, Inc. (NASDAQ:COHU) by 5.8% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 institutional investors and hedge funds have also modified their holdings of COHU. First Horizon Advisors Inc. raised its position in Cohu by 49.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,622 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 535 shares during the last quarter. Sheets Smith Wealth Management bought a new position in shares of Cohu in the fourth quarter valued at about $205,000. US Bancorp DE lifted its position in Cohu by 59.7% during the 3rd quarter. US Bancorp DE now owns 8,823 shares of the semiconductor company’s stock worth $227,000 after buying an additional 3,297 shares in the last quarter. GSA Capital Partners LLP grew its holdings in Cohu by 34.3% during the 3rd quarter. GSA Capital Partners LLP now owns 9,922 shares of the semiconductor company’s stock worth $255,000 after acquiring an additional 2,532 shares during the last quarter. Finally, Meros Investment Management LP acquired a new stake in Cohu in the 3rd quarter valued at about $257,000. 94.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

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

Cohu Stock Down 2.1 %

NASDAQ:COHU opened at $23.95 on Friday. The company has a quick ratio of 4.69, a current ratio of 6.38 and a debt-to-equity ratio of 0.01. Cohu, Inc. has a 12-month low of $22.80 and a 12-month high of $36.60. The stock’s fifty day simple moving average is $26.12 and its 200-day simple moving average is $26.58. The firm has a market capitalization of $1.12 billion, a P/E ratio of -22.18 and a beta of 1.47.

Cohu (NASDAQ:COHU) last posted its earnings results on Thursday, October 31st. The semiconductor company reported ($0.17) earnings per share (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 analyst estimates of $95.75 million. Cohu had a negative return on equity of 1.01% and a negative net margin of 11.35%. Cohu’s quarterly revenue was down 36.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.27 earnings per share. Equities research analysts expect that Cohu, Inc. will post -0.46 earnings per share 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.