Y Intercept Hong Kong Ltd Sells 9,113 Shares of Cohu, Inc. (NASDAQ:COHU)

Y Intercept Hong Kong Ltd cut its holdings in shares of Cohu, Inc. (NASDAQ:COHU) by 42.5% during the 3rd quarter, Holdings Channel reports. The institutional investor owned 12,325 shares of the semiconductor company’s stock after selling 9,113 shares during the quarter. Y Intercept Hong Kong Ltd’s holdings in Cohu were worth $317,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of COHU. Signaturefd LLC lifted its holdings in Cohu by 1,256.3% in the second quarter. Signaturefd LLC now owns 868 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 804 shares during the period. First Horizon Advisors Inc. boosted its stake in Cohu by 558.8% during the 2nd quarter. First Horizon Advisors Inc. now owns 1,087 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 922 shares during the last quarter. CWM LLC grew its holdings in Cohu by 158.1% during the second quarter. CWM LLC now owns 1,533 shares of the semiconductor company’s stock worth $51,000 after buying an additional 939 shares in the last quarter. 1620 Investment Advisors Inc. bought a new stake in shares of Cohu in the 2nd quarter worth $97,000. Finally, F M Investments LLC bought a new stake in Cohu in the 2nd quarter worth about $250,000. Institutional investors and hedge funds own 94.67% of the company’s stock.

Wall Street Analyst Weigh In

COHU has been the topic of a number of recent analyst reports. Needham & Company LLC lifted their price target on Cohu from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, November 1st. The Goldman Sachs Group lowered their target price on Cohu from $26.00 to $23.00 and set a “sell” rating on the stock in a research note on Friday, November 1st. Craig Hallum raised shares of Cohu from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Friday, November 1st. Finally, TD Cowen decreased their price objective on shares of Cohu from $36.00 to $30.00 and set a “buy” rating for the company in a 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 assigned a buy rating to the company. According to data from MarketBeat.com, Cohu currently has an average rating of “Hold” and a consensus target price of $31.50.

Insider Buying and Selling

In other Cohu news, Director Nina Richardson sold 4,999 shares of the stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $24.14, for a total transaction of $120,675.86. Following the sale, the director now owns 28,313 shares in the company, valued at $683,475.82. This represents a 15.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In the last ninety days, insiders sold 5,599 shares of company stock valued at $136,724. Company insiders own 2.70% of the company’s stock.

Cohu Stock Performance

Shares of COHU opened at $27.41 on Wednesday. Cohu, Inc. has a 1 year low of $22.80 and a 1 year high of $36.60. 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 stock’s fifty day moving average price is $26.29 and its two-hundred day moving average price is $27.86. The firm has a market cap of $1.28 billion, a PE ratio of -25.38 and a beta of 1.51.

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