272 Capital LP Acquires 98,496 Shares of Cohu, Inc. (NASDAQ:COHU)

272 Capital LP lifted its holdings in Cohu, Inc. (NASDAQ:COHU - Free Report) by 167.9% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 157,150 shares of the semiconductor company's stock after acquiring an additional 98,496 shares during the period. Cohu makes up approximately 2.1% of 272 Capital LP's investment portfolio, making the stock its 16th largest position. 272 Capital LP owned about 0.34% of Cohu worth $4,039,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Victory Capital Management Inc. grew its holdings in shares of Cohu by 7.1% during the 3rd quarter. Victory Capital Management Inc. now owns 3,358,288 shares of the semiconductor company's stock valued at $86,308,000 after purchasing an additional 224,022 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Cohu by 1.7% in the second quarter. Dimensional Fund Advisors LP now owns 3,161,347 shares of the semiconductor company's stock valued at $104,638,000 after buying an additional 51,640 shares during the period. Franklin Resources Inc. grew its holdings in Cohu by 25.9% during the 3rd quarter. Franklin Resources Inc. now owns 3,145,692 shares of the semiconductor company's stock worth $82,134,000 after acquiring an additional 647,828 shares during the last quarter. Thrivent Financial for Lutherans lifted its holdings in shares of Cohu by 11.6% during the third quarter. Thrivent Financial for Lutherans now owns 1,462,410 shares of the semiconductor company's stock worth $37,584,000 after purchasing an additional 152,574 shares during the period. Finally, Royce & Associates LP grew its stake in shares of Cohu by 21.4% in the third quarter. Royce & Associates LP now owns 1,126,789 shares of the semiconductor company's stock worth $28,958,000 after purchasing an additional 198,849 shares during the last quarter. Institutional investors own 94.67% of the company's stock.

Insider Buying and Selling

In other Cohu news, Director Nina Richardson sold 4,999 shares of the firm's 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 transaction, the director now directly owns 28,313 shares in the company, valued at approximately $683,475.82. This trade represents a 15.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have sold 5,599 shares of company stock worth $136,724 in the last quarter. Insiders own 2.70% of the company's stock.

Cohu Stock Down 0.3 %

COHU stock traded down $0.08 during trading on Friday, reaching $27.16. 265,887 shares of the stock were exchanged, compared to its average volume of 308,462. The firm's 50 day moving average is $26.13 and its 200 day moving average is $28.01. The firm has a market cap of $1.27 billion, a P/E ratio of -25.22 and a beta of 1.51. The company has a current ratio of 6.38, a quick ratio of 4.69 and a debt-to-equity ratio of 0.01. Cohu, Inc. has a twelve month low of $22.80 and a twelve month high of $36.60.

Cohu (NASDAQ:COHU - Get Free Report) last issued 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 analyst estimates of $95.75 million. During the same period in the previous year, the company earned $0.27 earnings per share. Cohu's revenue for the quarter was down 36.8% compared to the same quarter last year. As a group, research analysts forecast that Cohu, Inc. will post -0.46 EPS for the current year.

Analysts Set New Price Targets

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

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.