Dean Investment Associates LLC Acquires 54,937 Shares of Cohu, Inc. (NASDAQ:COHU)

Dean Investment Associates LLC grew its stake in Cohu, Inc. (NASDAQ:COHU - Free Report) by 131.2% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 96,815 shares of the semiconductor company's stock after buying an additional 54,937 shares during the period. Dean Investment Associates LLC owned approximately 0.21% of Cohu worth $2,488,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in COHU. Mackenzie Financial Corp raised its holdings in shares of Cohu by 5.6% during the 2nd quarter. Mackenzie Financial Corp now owns 7,939 shares of the semiconductor company's stock valued at $263,000 after buying an additional 419 shares in the last quarter. Wedge Capital Management L L P NC lifted its holdings in shares of Cohu by 1.0% in the 2nd quarter. Wedge Capital Management L L P NC now owns 47,223 shares of the semiconductor company's stock worth $1,563,000 after acquiring an additional 466 shares during the last quarter. Oak Associates Ltd. OH boosted its stake in shares of Cohu by 0.6% in the 2nd quarter. Oak Associates Ltd. OH now owns 83,704 shares of the semiconductor company's stock valued at $2,771,000 after purchasing an additional 521 shares in the last quarter. First Horizon Advisors Inc. raised its position in Cohu by 49.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,622 shares of the semiconductor company's stock worth $42,000 after purchasing an additional 535 shares during the period. Finally, Signaturefd LLC raised its position in Cohu by 1,256.3% in the 2nd 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. Institutional investors own 94.67% of the company's stock.

Insiders Place Their Bets

In related news, Director Nina Richardson sold 4,999 shares of the company's stock in a transaction on Thursday, October 10th. The stock was 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 of the company's stock, valued at $683,475.82. This represents a 15.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders sold 5,599 shares of company stock worth $135,850 over the last three months. Company insiders own 2.70% of the company's stock.

Analyst Upgrades and Downgrades

COHU has been the subject of several analyst reports. 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 research report on Friday, November 1st. Craig Hallum upgraded Cohu from a "hold" rating to a "buy" rating and set a $30.00 target price for the company in a report on Friday, November 1st. The Goldman Sachs Group reduced their price target on Cohu from $26.00 to $23.00 and set a "sell" rating on the stock in a research report on Friday, November 1st. Finally, TD Cowen lowered their price objective on Cohu from $36.00 to $30.00 and set a "buy" 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 issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $31.50.

Cohu Trading Up 3.5 %

COHU traded up $0.92 during midday trading on Monday, reaching $27.46. 295,004 shares of the company's stock traded hands, compared to its average volume of 309,211. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of -25.43 and a beta of 1.51. Cohu, Inc. has a 52 week low of $22.80 and a 52 week high of $36.60. The firm has a fifty day moving average of $25.99 and a two-hundred day moving average of $28.06. 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 announced its quarterly earnings results on Thursday, October 31st. The semiconductor company reported ($0.17) 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 period in the previous year, the business earned $0.27 EPS. The business's revenue was down 36.8% compared to the same quarter last year. On average, equities analysts anticipate that Cohu, Inc. will post -0.46 earnings per share for the current fiscal year.

Cohu 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.