Royce & Associates LP Has $28.96 Million Stake in Cohu, Inc. (NASDAQ:COHU)

Royce & Associates LP lifted its stake in Cohu, Inc. (NASDAQ:COHU - Free Report) by 21.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,126,789 shares of the semiconductor company's stock after purchasing an additional 198,849 shares during the quarter. Royce & Associates LP owned 2.40% of Cohu worth $28,958,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also made changes to their positions in COHU. Kovack Advisors Inc. lifted its position in Cohu by 49.2% in the 3rd quarter. Kovack Advisors Inc. now owns 47,687 shares of the semiconductor company's stock worth $1,226,000 after buying an additional 15,725 shares in the last quarter. MQS Management LLC acquired a new position in shares of Cohu in the third quarter worth $371,000. Victory Capital Management Inc. raised its holdings in shares of Cohu by 7.1% during the third quarter. Victory Capital Management Inc. now owns 3,358,288 shares of the semiconductor company's stock worth $86,308,000 after acquiring an additional 224,022 shares in the last quarter. GSA Capital Partners LLP boosted its position in Cohu by 34.3% during the third quarter. GSA Capital Partners LLP now owns 9,922 shares of the semiconductor company's stock valued at $255,000 after purchasing an additional 2,532 shares during the last quarter. Finally, US Bancorp DE boosted its position in Cohu by 59.7% during the third quarter. US Bancorp DE now owns 8,823 shares of the semiconductor company's stock valued at $227,000 after purchasing an additional 3,297 shares during the last quarter. 94.67% of the stock is currently owned by institutional investors and hedge funds.

Cohu Stock Performance

NASDAQ:COHU traded down $0.44 during midday trading on Friday, reaching $24.99. The stock had a trading volume of 393,781 shares, compared to its average volume of 312,678. The stock has a market capitalization of $1.16 billion, a P/E ratio of -23.14 and a beta of 1.52. 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 firm's fifty day simple moving average is $25.42 and its 200-day simple moving average is $28.43.

Cohu (NASDAQ:COHU - Get Free Report) last issued its quarterly earnings results 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). Cohu had a negative net margin of 11.35% and a negative return on equity of 1.01%. The business had revenue of $95.30 million during the quarter, compared to analyst estimates of $95.75 million. During the same period in the prior year, the business posted $0.27 earnings per share. The company's revenue for the quarter was down 36.8% compared to the same quarter last year. On average, equities research analysts forecast that Cohu, Inc. will post -0.46 EPS for the current fiscal year.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on COHU shares. 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 note on Friday, November 1st. StockNews.com cut shares of Cohu from a "hold" rating to a "sell" rating in a research note on Friday, August 2nd. Needham & Company LLC boosted their target price on shares of Cohu from $27.00 to $30.00 and gave the stock a "buy" rating in a research report 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 report on Friday, November 1st. Finally, The Goldman Sachs Group decreased their price objective on shares of Cohu from $26.00 to $23.00 and set a "sell" rating for the company in a report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, Cohu currently has an average rating of "Hold" and an average target price of $31.50.

Insider Transactions at Cohu

In related news, Director Nina Richardson sold 4,999 shares of the 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 sale, the director now owns 28,313 shares in the company, valued at approximately $683,475.82. This trade represents a 15.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 5,599 shares of company stock worth $135,850 over the last three months. 2.70% of the stock is currently owned by 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.