Cohu, Inc. (NASDAQ:COHU) Shares Bought by Charles Schwab Investment Management Inc.

Charles Schwab Investment Management Inc. lifted its stake in shares of Cohu, Inc. (NASDAQ:COHU - Free Report) by 10.6% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 624,274 shares of the semiconductor company's stock after acquiring an additional 59,806 shares during the period. Charles Schwab Investment Management Inc. owned 1.34% of Cohu worth $16,044,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also modified their holdings of COHU. Signaturefd LLC raised its stake in Cohu by 1,256.3% during the second quarter. Signaturefd LLC now owns 868 shares of the semiconductor company's stock worth $29,000 after purchasing an additional 804 shares during the period. First Horizon Advisors Inc. lifted its holdings in Cohu by 558.8% in the second quarter. First Horizon Advisors Inc. now owns 1,087 shares of the semiconductor company's stock valued at $36,000 after acquiring an additional 922 shares during the last quarter. CWM LLC lifted its holdings in Cohu by 158.1% in the second quarter. CWM LLC now owns 1,533 shares of the semiconductor company's stock valued at $51,000 after acquiring an additional 939 shares during the last quarter. 1620 Investment Advisors Inc. purchased a new position in Cohu in the second quarter worth approximately $97,000. Finally, F M Investments LLC acquired a new stake in Cohu during the second quarter worth $250,000. Hedge funds and other institutional investors own 94.67% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have recently commented on COHU shares. TD Cowen decreased their price target on Cohu from $36.00 to $30.00 and set a "buy" rating on the stock in a research note 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. 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 research note on Friday, November 1st. Finally, The Goldman Sachs Group lowered their price objective on shares of Cohu from $26.00 to $23.00 and set a "sell" rating 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 issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $31.50.

Cohu Stock Up 1.2 %

Shares of COHU stock traded up $0.31 during trading on Friday, reaching $26.54. The company's stock had a trading volume of 251,542 shares, compared to its average volume of 256,361. Cohu, Inc. has a 1-year low of $22.80 and a 1-year high of $36.60. The stock's 50-day moving average price is $25.95 and its 200 day moving average price is $28.08. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of -24.57 and a beta of 1.51. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.38 and a quick ratio of 4.69.

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

Insiders Place Their Bets

In other news, Director Nina Richardson sold 4,999 shares of the firm's stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $24.14, for a total value 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 trade represents a 15.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders have sold a total of 5,599 shares of company stock worth $135,850 in the last quarter. 2.70% of the stock is owned by company insiders.

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.