Systematic Financial Management LP Boosts Holdings in Cohu, Inc. (NASDAQ:COHU)

Systematic Financial Management LP lifted its holdings in Cohu, Inc. (NASDAQ:COHU - Free Report) by 9.7% in the 3rd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 885,347 shares of the semiconductor company's stock after purchasing an additional 78,037 shares during the quarter. Systematic Financial Management LP owned 1.90% of Cohu worth $22,753,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently modified their holdings of the company. Tributary Capital Management LLC purchased a new stake in shares of Cohu during the second quarter valued at $11,781,000. Bank of New York Mellon Corp raised its stake in shares of Cohu by 54.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 905,309 shares of the semiconductor company's stock worth $29,966,000 after purchasing an additional 320,234 shares in the last quarter. Victory Capital Management Inc. raised its stake 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 worth $86,308,000 after purchasing an additional 224,022 shares in the last quarter. Royce & Associates LP raised its stake in shares of Cohu by 21.4% during the 3rd 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 in the last quarter. Finally, Thrivent Financial for Lutherans raised its stake in shares of Cohu by 11.6% during the 3rd 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 in the last quarter. Institutional investors own 94.67% of the company's stock.

Cohu Trading Down 2.1 %

Shares of NASDAQ:COHU traded down $0.57 during midday trading on Thursday, reaching $26.23. The company's stock had a trading volume of 274,707 shares, compared to its average volume of 308,899. The firm has a market capitalization of $1.22 billion, a price-to-earnings ratio of -24.81 and a beta of 1.51. 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 50 day moving average price of $25.93 and a two-hundred day moving average price of $28.15. Cohu, Inc. has a fifty-two week low of $22.80 and a fifty-two week high of $36.60.

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 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 business had revenue of $95.30 million during the quarter, compared to analysts' expectations of $95.75 million. During the same quarter last year, the business posted $0.27 EPS. The company's quarterly revenue was down 36.8% on a year-over-year basis. As a group, analysts forecast that Cohu, Inc. will post -0.46 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on COHU shares. Craig Hallum raised Cohu from a "hold" rating to a "buy" rating and set a $30.00 target price on the stock in a report on Friday, November 1st. TD Cowen cut their target price on shares of Cohu from $36.00 to $30.00 and set a "buy" rating for the company in a research note on Friday, November 1st. Needham & Company LLC increased their price target on Cohu from $27.00 to $30.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Finally, The Goldman Sachs Group cut 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 investment analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Hold" and a consensus price target of $31.50.

Insider Activity

In other Cohu news, Director Nina Richardson sold 4,999 shares of the business'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 owns 28,313 shares in the company, valued at $683,475.82. The trade was a 15.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders sold 5,599 shares of company stock worth $135,850. 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.