Cohu, Inc. (NASDAQ:COHU) Shares Acquired by Barclays PLC

Barclays PLC boosted its stake in shares of Cohu, Inc. (NASDAQ:COHU - Free Report) by 331.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 77,600 shares of the semiconductor company's stock after purchasing an additional 59,622 shares during the quarter. Barclays PLC owned about 0.17% of Cohu worth $1,994,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new stake in shares of Cohu in the 3rd quarter worth $528,000. Creative Planning raised its stake in Cohu by 219.4% in the third quarter. Creative Planning now owns 27,237 shares of the semiconductor company's stock valued at $700,000 after buying an additional 18,709 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in Cohu by 10.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 624,274 shares of the semiconductor company's stock worth $16,044,000 after acquiring an additional 59,806 shares in the last quarter. 272 Capital LP grew its stake in shares of Cohu by 137.9% during the second quarter. 272 Capital LP now owns 58,654 shares of the semiconductor company's stock worth $1,941,000 after acquiring an additional 34,000 shares during the last quarter. Finally, Assenagon Asset Management S.A. increased its holdings in shares of Cohu by 286.1% during the third quarter. Assenagon Asset Management S.A. now owns 107,817 shares of the semiconductor company's stock valued at $2,771,000 after acquiring an additional 79,890 shares in the last quarter. 94.67% of the stock is currently owned by institutional investors.

Cohu Stock Performance

NASDAQ COHU traded down $0.62 on Friday, reaching $26.83. 153,564 shares of the company's stock traded hands, compared to its average volume of 309,767. Cohu, Inc. has a fifty-two week low of $22.80 and a fifty-two week high of $36.60. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.69 and a current ratio of 6.38. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of -24.84 and a beta of 1.51. The stock has a 50 day moving average price of $26.49 and a 200-day moving average price of $27.61.

Cohu (NASDAQ:COHU - Get Free Report) last issued its quarterly earnings data on Thursday, October 31st. The semiconductor company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.02). The company had revenue of $95.30 million during the quarter, compared to analyst estimates of $95.75 million. Cohu had a negative net margin of 11.35% and a negative return on equity of 1.01%. The business's quarterly revenue was down 36.8% compared to the same quarter last year. During the same period last year, the firm earned $0.27 EPS. Equities research analysts predict that Cohu, Inc. will post -0.46 EPS for the current fiscal year.

Insiders Place Their Bets

In other Cohu news, Director Nina Richardson sold 4,999 shares of the company's stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $24.14, for a total value of $120,675.86. Following the completion of the transaction, the director now 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link. In the last 90 days, insiders have sold 5,599 shares of company stock worth $136,724. Corporate insiders own 2.70% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on COHU. TD Cowen dropped 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. The Goldman Sachs Group dropped their price objective on shares of Cohu from $26.00 to $23.00 and set a "sell" rating on the stock in a report on Friday, November 1st. Needham & Company LLC upped their target price on 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 Cohu from a "hold" rating to a "buy" rating and set a $30.00 price target for the company in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, Cohu presently has an average rating of "Hold" and a consensus target price of $31.50.

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.