Franklin Resources Inc. grew its holdings in Cohu, Inc. (NASDAQ:COHU - Free Report) by 25.9% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 3,145,692 shares of the semiconductor company's stock after buying an additional 647,828 shares during the quarter. Franklin Resources Inc. owned approximately 6.75% of Cohu worth $82,134,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in COHU. Signaturefd LLC raised its stake in Cohu by 1,256.3% in the second quarter. Signaturefd LLC now owns 868 shares of the semiconductor company's stock worth $29,000 after buying an additional 804 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in shares of Cohu by 558.8% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,087 shares of the semiconductor company's stock valued at $36,000 after purchasing an additional 922 shares during the period. CWM LLC lifted its stake in shares of Cohu by 158.1% in the 2nd quarter. CWM LLC now owns 1,533 shares of the semiconductor company's stock valued at $51,000 after purchasing an additional 939 shares during the period. 1620 Investment Advisors Inc. bought a new position in Cohu in the second quarter worth $97,000. Finally, F M Investments LLC bought a new position in shares of Cohu in the 2nd quarter worth about $250,000. 94.67% of the stock is currently owned by institutional investors.
Cohu Stock Performance
NASDAQ COHU traded down $0.34 during trading hours on Tuesday, hitting $27.41. The company's stock had a trading volume of 374,892 shares, compared to its average volume of 308,601. Cohu, Inc. has a 12 month low of $22.80 and a 12 month high of $36.60. The company's 50 day simple moving average is $26.24 and its two-hundred day simple moving average is $27.90. 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 company has a market cap of $1.28 billion, a P/E ratio of -25.69 and a beta of 1.51.
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). The company had revenue of $95.30 million during the quarter, compared to the consensus estimate 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% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.27 earnings per share. As a group, sell-side analysts expect that Cohu, Inc. will post -0.46 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several analysts recently weighed in on COHU shares. The Goldman Sachs Group cut their price target on Cohu from $26.00 to $23.00 and set a "sell" rating on the stock in a research note on Friday, November 1st. TD Cowen cut their target price on Cohu from $36.00 to $30.00 and set a "buy" rating on the stock in a research note on Friday, November 1st. 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 report on Friday, November 1st. Finally, Needham & Company LLC increased their price objective 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. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, Cohu presently has a consensus rating of "Hold" and a consensus target price of $31.50.
View Our Latest Analysis on Cohu
Insider Activity
In other news, Director Nina Richardson sold 4,999 shares of the company's stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $24.14, for a total transaction of $120,675.86. Following the completion of the sale, the director now owns 28,313 shares of the company's stock, valued at $683,475.82. This represents a 15.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders have sold 5,599 shares of company stock valued at $136,724 in the last ninety days. 2.70% of the stock is currently owned by company insiders.
Cohu Profile
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Free Report)
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.
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