abrdn plc Sells 88,607 Shares of Cohu, Inc. (NASDAQ:COHU)

abrdn plc trimmed its position in shares of Cohu, Inc. (NASDAQ:COHU) by 11.3% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 692,555 shares of the semiconductor company’s stock after selling 88,607 shares during the quarter. abrdn plc owned approximately 1.46% of Cohu worth $24,510,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of the company. Meeder Asset Management Inc. purchased a new position in shares of Cohu during the fourth quarter valued at approximately $35,000. Teza Capital Management LLC purchased a new position in shares of Cohu during the third quarter valued at approximately $212,000. Altfest L J & Co. Inc. purchased a new position in shares of Cohu during the fourth quarter valued at approximately $250,000. Inspire Investing LLC lifted its holdings in shares of Cohu by 17.3% during the third quarter. Inspire Investing LLC now owns 8,894 shares of the semiconductor company’s stock valued at $306,000 after purchasing an additional 1,313 shares during the last quarter. Finally, TD Asset Management Inc lifted its holdings in shares of Cohu by 38.6% during the third quarter. TD Asset Management Inc now owns 9,700 shares of the semiconductor company’s stock valued at $334,000 after purchasing an additional 2,700 shares during the last quarter. 94.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research firms have recently issued reports on COHU. Needham & Company LLC reiterated a “buy” rating and set a $36.00 target price on shares of Cohu in a report on Friday, February 16th. TD Cowen boosted their price objective on shares of Cohu from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Friday, February 16th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $43.50.

Cohu Price Performance

Shares of NASDAQ COHU opened at $29.95 on Wednesday. Cohu, Inc. has a twelve month low of $28.57 and a twelve month high of $43.99. The firm has a market cap of $1.41 billion, a P/E ratio of 50.76 and a beta of 1.52. The company has a 50 day moving average of $31.68 and a 200 day moving average of $32.66. The company has a quick ratio of 4.67, a current ratio of 6.18 and a debt-to-equity ratio of 0.04.

Cohu (NASDAQ:COHU) last announced its quarterly earnings data on Thursday, February 15th. The semiconductor company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. The company had revenue of $137.23 million during the quarter, compared to analyst estimates of $136.94 million. Cohu had a net margin of 4.42% and a return on equity of 6.73%. The firm’s revenue for the quarter was down 28.2% on a year-over-year basis. During the same period in the previous year, the business earned $0.63 EPS. As a group, research analysts expect that Cohu, Inc. will post 0.22 EPS for the current fiscal 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.