Cohu, Inc. (NASDAQ:COHU) Shares Bought by Royce & Associates LP

Royce & Associates LP grew its holdings in shares of Cohu, Inc. (NASDAQ:COHU) by 21.4% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 1,126,789 shares of the semiconductor company’s stock after purchasing an additional 198,849 shares during the quarter. Royce & Associates LP owned approximately 2.40% of Cohu worth $28,958,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. SG Americas Securities LLC acquired a new position in shares of Cohu during the 1st quarter valued at about $596,000. Sei Investments Co. boosted its position in shares of Cohu by 11.2% during the 1st quarter. Sei Investments Co. now owns 160,259 shares of the semiconductor company’s stock valued at $5,341,000 after acquiring an additional 16,159 shares during the last quarter. Russell Investments Group Ltd. boosted its position in shares of Cohu by 30.9% during the 1st quarter. Russell Investments Group Ltd. now owns 47,622 shares of the semiconductor company’s stock valued at $1,587,000 after acquiring an additional 11,249 shares during the last quarter. ProShare Advisors LLC boosted its position in shares of Cohu by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 9,433 shares of the semiconductor company’s stock valued at $314,000 after acquiring an additional 649 shares during the last quarter. Finally, Vanguard Group Inc. boosted its position in shares of Cohu by 3.3% during the 1st quarter. Vanguard Group Inc. now owns 4,303,097 shares of the semiconductor company’s stock valued at $143,422,000 after acquiring an additional 137,475 shares during the last quarter. Institutional investors and hedge funds own 94.67% of the company’s stock.

Cohu Stock Down 1.7 %

Shares of NASDAQ:COHU opened at $24.99 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. The firm has a market capitalization of $1.16 billion, a PE ratio of -23.14 and a beta of 1.52. The firm’s 50-day moving average is $25.42 and its two-hundred day moving average is $28.45. Cohu, Inc. has a 1 year low of $22.80 and a 1 year high of $36.60.

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

Wall Street Analyst Weigh In

A number of research firms have commented on COHU. The Goldman Sachs Group decreased their target price on shares of Cohu from $26.00 to $23.00 and set a “sell” rating on the stock in a research report on Friday, November 1st. StockNews.com cut shares of Cohu from a “hold” rating to a “sell” rating in a research report on Friday, August 2nd. TD Cowen decreased their target price on shares of Cohu from $36.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Needham & Company LLC upped their target price on shares of Cohu from $27.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, Craig Hallum raised shares of Cohu from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $31.50.

Insider Buying and Selling

In related news, Director Nina Richardson sold 4,999 shares of the company’s stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $24.14, for a total transaction of $120,675.86. Following the sale, the director now directly owns 28,313 shares in the company, valued at approximately $683,475.82. This represents a 15.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders have sold 5,599 shares of company stock worth $135,850. Company insiders own 2.70% of the company’s stock.

Cohu Company 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.