Morgan Dempsey Capital Management LLC Purchases 1,513 Shares of Cohu, Inc. (NASDAQ:COHU)

Morgan Dempsey Capital Management LLC raised its position in shares of Cohu, Inc. (NASDAQ:COHU) by 24.8% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 7,609 shares of the semiconductor company’s stock after purchasing an additional 1,513 shares during the quarter. Morgan Dempsey Capital Management LLC’s holdings in Cohu were worth $203,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in COHU. First Horizon Advisors Inc. lifted its position in shares of Cohu by 49.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,622 shares of the semiconductor company’s stock valued at $42,000 after buying an additional 535 shares in the last quarter. KBC Group NV lifted its position in shares of Cohu by 75.7% during the 4th quarter. KBC Group NV now owns 2,627 shares of the semiconductor company’s stock valued at $70,000 after buying an additional 1,132 shares in the last quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors purchased a new position in shares of Cohu during the 4th quarter valued at about $120,000. Sheets Smith Wealth Management purchased a new position in shares of Cohu during the 4th quarter valued at about $205,000. Finally, US Bancorp DE lifted its position in shares of Cohu by 59.7% during the 3rd quarter. US Bancorp DE now owns 8,823 shares of the semiconductor company’s stock valued at $227,000 after buying an additional 3,297 shares in the last quarter. 94.67% of the stock is owned by hedge funds and other institutional investors.

Cohu Stock Performance

NASDAQ:COHU opened at $19.66 on Friday. 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 $18.76 and a 1 year high of $36.60. The stock’s 50 day simple moving average is $23.61 and its two-hundred day simple moving average is $25.04. The company has a market cap of $918.32 million, a price-to-earnings ratio of -13.11 and a beta of 1.45.

Cohu (NASDAQ:COHU) last released its quarterly earnings data on Thursday, February 20th. The semiconductor company reported ($0.25) earnings per share (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 anticipate that Cohu, Inc. will post -0.36 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on COHU. B. Riley lowered their price target on Cohu from $34.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Needham & Company LLC reissued a “hold” rating on shares of Cohu in a report on Tuesday, February 25th. Finally, Stifel Nicolaus lowered their price target on Cohu from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $30.57.

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.