Thrivent Financial for Lutherans Has $37.58 Million Stock Position in Cohu, Inc. (NASDAQ:COHU)

Thrivent Financial for Lutherans raised its holdings in Cohu, Inc. (NASDAQ:COHU - Free Report) by 11.6% during the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 1,462,410 shares of the semiconductor company's stock after buying an additional 152,574 shares during the quarter. Thrivent Financial for Lutherans owned about 3.14% of Cohu worth $37,584,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also bought and sold shares of COHU. Vanguard Group Inc. boosted its holdings in Cohu by 3.3% in the first quarter. Vanguard Group Inc. now owns 4,303,097 shares of the semiconductor company's stock worth $143,422,000 after purchasing an additional 137,475 shares during the last quarter. Victory Capital Management Inc. raised its holdings in 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 buying an additional 224,022 shares during the period. Dimensional Fund Advisors LP grew its holdings in Cohu by 1.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,161,347 shares of the semiconductor company's stock valued at $104,638,000 after purchasing an additional 51,640 shares during the last quarter. Royce & Associates LP increased its stake in 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 period. Finally, Bank of New York Mellon Corp grew its stake in Cohu by 54.7% in 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 acquiring an additional 320,234 shares in the last quarter. Hedge funds and other institutional investors own 94.67% of the company's stock.

Cohu Trading Down 0.1 %

Shares of NASDAQ COHU traded down $0.03 during midday trading on Tuesday, reaching $25.33. 105,754 shares of the stock were exchanged, compared to its average volume of 311,640. The company has a market capitalization of $1.18 billion, a P/E ratio of -23.31 and a beta of 1.52. Cohu, Inc. has a 52-week low of $22.80 and a 52-week high of $36.60. The company has a current ratio of 6.38, a quick ratio of 4.69 and a debt-to-equity ratio of 0.01. The stock has a 50 day moving average price of $25.46 and a 200-day moving average price of $28.39.

Cohu (NASDAQ:COHU - Get Free Report) last released its quarterly 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 company had revenue of $95.30 million during the quarter, compared to analysts' expectations of $95.75 million. During the same quarter in the prior year, the company earned $0.27 EPS. The firm's revenue was down 36.8% compared to the same quarter last year. Equities research analysts expect that Cohu, Inc. will post -0.46 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of equities analysts have recently issued reports on the stock. Craig Hallum upgraded shares of Cohu from a "hold" rating to a "buy" rating and set a $30.00 price objective on the stock in a research note on Friday, November 1st. StockNews.com downgraded Cohu from a "hold" rating to a "sell" rating in a research note on Friday, August 2nd. Needham & Company LLC upped their price target on shares of Cohu from $27.00 to $30.00 and gave the company a "buy" rating in a report on Friday, November 1st. The Goldman Sachs Group cut 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. Finally, TD Cowen cut their price objective on Cohu from $36.00 to $30.00 and set a "buy" rating for the company in a research note on Friday, November 1st. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Cohu presently has a consensus rating of "Hold" and an average target price of $31.50.

Insiders Place Their Bets

In related news, Director Nina Richardson sold 4,999 shares of the company's stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $24.14, for a total transaction of $120,675.86. Following the sale, 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 transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders have sold 5,599 shares of company stock worth $135,850 in the last ninety days. Insiders own 2.70% of the company's stock.

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.