Foundry Partners LLC Acquires 162,522 Shares of Cohu, Inc. (NASDAQ:COHU)

Foundry Partners LLC grew its holdings in Cohu, Inc. (NASDAQ:COHU) by 1,191.0% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 176,168 shares of the semiconductor company’s stock after acquiring an additional 162,522 shares during the quarter. Foundry Partners LLC owned 0.38% of Cohu worth $4,704,000 at the end of the most recent reporting period.

A number of other hedge funds also recently modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Cohu by 1,225.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,392 shares of the semiconductor company’s stock worth $37,000 after buying an additional 1,287 shares during the period. Smartleaf Asset Management LLC lifted its position in Cohu by 413.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,740 shares of the semiconductor company’s stock valued at $46,000 after acquiring an additional 1,401 shares in the last quarter. KBC Group NV boosted its stake in Cohu by 75.7% in the 4th quarter. KBC Group NV now owns 2,627 shares of the semiconductor company’s stock worth $70,000 after purchasing an additional 1,132 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in Cohu during the 4th quarter worth about $120,000. Finally, Morgan Dempsey Capital Management LLC raised its stake in shares of Cohu by 24.8% in the 4th quarter. Morgan Dempsey Capital Management LLC now owns 7,609 shares of the semiconductor company’s stock valued at $203,000 after purchasing an additional 1,513 shares during the period. Institutional investors and hedge funds own 94.67% of the company’s stock.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Cohu in a research report on Tuesday, February 25th. Stifel Nicolaus decreased their price target on shares of Cohu from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Friday, February 14th. Finally, B. Riley cut their price objective on shares of Cohu from $34.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Cohu presently has an average rating of “Hold” and an average target price of $30.57.

Cohu Stock Performance

Shares of COHU opened at $13.38 on Friday. The company has a market cap of $624.98 million, a PE ratio of -8.92 and a beta of 1.39. The firm has a 50-day moving average of $18.98 and a 200-day moving average of $23.48. Cohu, Inc. has a one year low of $12.57 and a one year high of $36.60. 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 posted its quarterly earnings results on Thursday, February 20th. The semiconductor company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). Cohu had a negative return on equity of 3.18% and a negative net margin of 17.38%. As a group, equities analysts forecast that Cohu, Inc. will post -0.36 earnings per share for the current year.

About Cohu

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.