C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Purchases Shares of 4,505 Cohu, Inc. (NASDAQ:COHU)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new stake in Cohu, Inc. (NASDAQ:COHU) during the fourth quarter, according to the company in its most recent filing with the SEC. The firm purchased 4,505 shares of the semiconductor company’s stock, valued at approximately $120,000.

A number of other hedge funds also recently made changes to their positions in the stock. First Horizon Advisors Inc. boosted its holdings in shares of 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. KBC Group NV boosted its holdings in shares of Cohu by 75.7% in the 4th quarter. KBC Group NV now owns 2,627 shares of the semiconductor company’s stock valued at $70,000 after purchasing an additional 1,132 shares during the last quarter. Orion Portfolio Solutions LLC boosted its holdings in shares of Cohu by 3.2% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 36,725 shares of the semiconductor company’s stock valued at $944,000 after purchasing an additional 1,141 shares during the last quarter. GSA Capital Partners LLP boosted its holdings in shares of Cohu by 34.3% in the 3rd quarter. GSA Capital Partners LLP now owns 9,922 shares of the semiconductor company’s stock valued at $255,000 after purchasing an additional 2,532 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC boosted its holdings in shares of Cohu by 2.3% in the 3rd quarter. Kovitz Investment Group Partners LLC now owns 128,985 shares of the semiconductor company’s stock valued at $3,305,000 after purchasing an additional 2,891 shares during the last quarter. Institutional investors and hedge funds own 94.67% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently commented on COHU. TD Cowen cut their target price on shares of Cohu from $36.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Craig Hallum raised shares of Cohu from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research note on Friday, November 1st. B. Riley cut their target price on shares of Cohu from $34.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday. Needham & Company LLC reissued a “hold” rating on shares of Cohu in a research note on Friday. Finally, The Goldman Sachs Group cut their target price on shares of Cohu from $26.00 to $23.00 and set a “sell” rating on the stock 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 four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $30.57.

Cohu Stock Performance

Cohu stock opened at $21.12 on Friday. Cohu, Inc. has a 12-month low of $19.52 and a 12-month high of $36.60. The company has a market capitalization of $984.40 million, a price-to-earnings ratio of -19.56 and a beta of 1.45. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.38 and a quick ratio of 4.69. The firm’s fifty day moving average price is $24.87 and its 200 day moving average price is $25.47.

Cohu (NASDAQ:COHU) last released its quarterly earnings results on Thursday, February 20th. The semiconductor company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.18). Cohu had a negative return on equity of 1.01% and a negative net margin of 11.35%. On average, research analysts forecast that Cohu, Inc. will post -0.51 EPS for the current fiscal year.

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.