Tributary Capital Management LLC Has $15.72 Million Stock Position in Cohu, Inc. (NASDAQ:COHU)

Tributary Capital Management LLC raised its holdings in Cohu, Inc. (NASDAQ:COHU) by 13.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 588,572 shares of the semiconductor company’s stock after buying an additional 67,525 shares during the quarter. Tributary Capital Management LLC owned 1.26% of Cohu worth $15,715,000 as of its most recent SEC filing.

Other institutional investors have also recently added to or reduced their stakes in the company. First Horizon Advisors Inc. raised 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 valued at $42,000 after purchasing an additional 535 shares during the period. Sheets Smith Wealth Management acquired a new position in Cohu during the 4th quarter worth approximately $205,000. Mackenzie Financial Corp boosted its holdings in Cohu by 5.6% in the second quarter. Mackenzie Financial Corp now owns 7,939 shares of the semiconductor company’s stock worth $263,000 after acquiring an additional 419 shares in the last quarter. Creative Planning acquired a new stake in Cohu in the second quarter valued at approximately $282,000. Finally, US Bancorp DE increased its holdings in shares of Cohu by 59.7% during the third quarter. US Bancorp DE now owns 8,823 shares of the semiconductor company’s stock valued at $227,000 after acquiring an additional 3,297 shares in the last quarter. 94.67% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

COHU has been the subject of a number of analyst reports. The Goldman Sachs Group reduced their price objective on shares of Cohu from $26.00 to $23.00 and set a “sell” rating for the company in a report on Friday, November 1st. Needham & Company LLC cut Cohu from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Craig Hallum upgraded Cohu from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Friday, November 1st. Finally, TD Cowen reduced 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 equities research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. According to MarketBeat.com, Cohu presently has a consensus 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 business has a fifty day simple moving average of $26.12 and a two-hundred day simple moving average of $26.64. 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, Inc. has a 1 year low of $22.80 and a 1 year high of $36.60.

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