Illinois Municipal Retirement Fund Cuts Holdings in Cohu, Inc. (NASDAQ:COHU)

Illinois Municipal Retirement Fund trimmed its holdings in shares of Cohu, Inc. (NASDAQ:COHU) by 11.4% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 24,473 shares of the semiconductor company’s stock after selling 3,141 shares during the period. Illinois Municipal Retirement Fund’s holdings in Cohu were worth $653,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also modified their holdings of the business. Bank of New York Mellon Corp raised its stake in shares of Cohu by 2.1% during the 4th quarter. Bank of New York Mellon Corp now owns 926,322 shares of the semiconductor company’s stock worth $24,733,000 after buying an additional 19,236 shares in the last quarter. Leeward Investments LLC MA acquired a new stake in shares of Cohu in the 4th quarter worth approximately $7,076,000. Legacy Capital Group California Inc. acquired a new stake in shares of Cohu in the 4th quarter worth approximately $232,000. Handelsbanken Fonder AB grew its holdings in shares of Cohu by 12.0% in the 4th quarter. Handelsbanken Fonder AB now owns 14,900 shares of the semiconductor company’s stock worth $398,000 after acquiring an additional 1,600 shares during the period. Finally, C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors acquired a new stake in shares of Cohu in the 4th quarter worth approximately $120,000. 94.67% of the stock is owned by hedge funds and other institutional investors.

Cohu Trading Down 9.6 %

Shares of COHU opened at $17.77 on Tuesday. The company has a current ratio of 6.38, a quick ratio of 4.69 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $830.04 million, a P/E ratio of -11.85 and a beta of 1.45. The stock’s fifty day simple moving average is $23.44 and its 200 day simple moving average is $24.99. Cohu, Inc. has a twelve month low of $17.72 and a twelve month high of $36.60.

Cohu (NASDAQ:COHU) last released its quarterly earnings data on Thursday, February 20th. The semiconductor company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.18). Cohu had a negative net margin of 17.38% and a negative return on equity of 3.18%. On average, equities research analysts forecast that Cohu, Inc. will post -0.36 earnings per share for the current year.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. 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. Needham & Company LLC restated a “hold” rating on shares of Cohu in a report on Tuesday, February 25th. Finally, 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. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average 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.