Tributary Capital Management LLC Has $30.91 Million Position in Cohu, Inc. $COHU

Tributary Capital Management LLC grew its holdings in Cohu, Inc. (NASDAQ:COHU) by 131.5% in the 3rd quarter, Holdings Channel reports. The fund owned 1,520,386 shares of the semiconductor company’s stock after purchasing an additional 863,654 shares during the quarter. Tributary Capital Management LLC’s holdings in Cohu were worth $30,909,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Parallel Advisors LLC grew its position in Cohu by 869.6% in the second quarter. Parallel Advisors LLC now owns 1,755 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 1,574 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in shares of Cohu by 202.7% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,113 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 1,415 shares during the period. Tower Research Capital LLC TRC increased its holdings in shares of Cohu by 135.9% in the second quarter. Tower Research Capital LLC TRC now owns 4,526 shares of the semiconductor company’s stock valued at $87,000 after purchasing an additional 2,607 shares during the last quarter. Signaturefd LLC grew its stake in Cohu by 355.8% in the 2nd quarter. Signaturefd LLC now owns 5,429 shares of the semiconductor company’s stock valued at $104,000 after buying an additional 4,238 shares during the last quarter. Finally, Federated Hermes Inc. grew its position in shares of Cohu by 664.1% in the second quarter. Federated Hermes Inc. now owns 6,548 shares of the semiconductor company’s stock valued at $126,000 after purchasing an additional 5,691 shares during the last quarter. Institutional investors own 94.67% of the company’s stock.

Cohu Stock Down 0.9%

Cohu stock opened at $26.78 on Thursday. The firm has a market capitalization of $1.25 billion, a price-to-earnings ratio of -17.06 and a beta of 1.27. Cohu, Inc. has a 1-year low of $12.57 and a 1-year high of $27.44. The company has a current ratio of 4.39, a quick ratio of 3.24 and a debt-to-equity ratio of 0.01. The firm has a 50 day simple moving average of $23.75 and a 200 day simple moving average of $21.60.

Cohu (NASDAQ:COHU) last posted its earnings results on Wednesday, October 29th. The semiconductor company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.13. Cohu had a negative net margin of 17.22% and a negative return on equity of 3.73%. The business had revenue of $126.25 million for the quarter, compared to analyst estimates of $124.98 million. During the same quarter in the prior year, the firm posted ($0.08) EPS. Cohu’s revenue was up 32.5% on a year-over-year basis. On average, analysts predict that Cohu, Inc. will post -0.36 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Cowen restated a “buy” rating on shares of Cohu in a research report on Thursday, October 30th. TD Cowen lifted their price target on Cohu from $22.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cohu in a research report on Wednesday, October 8th. Needham & Company LLC raised Cohu from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Tuesday. Finally, B. Riley reiterated a “buy” rating on shares of Cohu in a report on Thursday, October 30th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $29.50.

Cohu Company Profile

Cohu, Inc is a global provider of semiconductor test and inspection solutions, offering a broad portfolio of products designed to support chip manufacturers, outsourced semiconductor assembly and test (OSAT) providers, and electronics original equipment manufacturers (OEMs). The company’s product lineup includes automatic test handlers, wafer probers, test sockets, thermal subassembly systems and burn-in boards, all engineered to optimize throughput, accuracy and reliability in semiconductor production and final test.

Founded in 1947 and headquartered in Poway, California, Cohu has grown through both organic development and targeted acquisitions to become a recognized leader in test handling and interconnect technologies.