International Assets Investment Management LLC Purchases Shares of 20,560 Cohu, Inc. (NASDAQ:COHU)

International Assets Investment Management LLC bought a new position in shares of Cohu, Inc. (NASDAQ:COHU - Free Report) in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 20,560 shares of the semiconductor company's stock, valued at approximately $528,000.

Several other hedge funds also recently modified their holdings of the stock. Mackenzie Financial Corp raised its stake 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 worth $263,000 after purchasing an additional 419 shares during the period. Wedge Capital Management L L P NC boosted its position in Cohu by 1.0% during the second quarter. Wedge Capital Management L L P NC now owns 47,223 shares of the semiconductor company's stock valued at $1,563,000 after buying an additional 466 shares during the period. Oak Associates Ltd. OH increased its stake in Cohu by 0.6% in the 2nd quarter. Oak Associates Ltd. OH now owns 83,704 shares of the semiconductor company's stock worth $2,771,000 after purchasing an additional 521 shares during the period. Texas Permanent School Fund Corp lifted its position in Cohu by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 41,576 shares of the semiconductor company's stock valued at $1,386,000 after purchasing an additional 539 shares during the last quarter. Finally, Linden Thomas Advisory Services LLC boosted its stake in shares of Cohu by 1.7% during the second quarter. Linden Thomas Advisory Services LLC now owns 34,091 shares of the semiconductor company's stock valued at $1,128,000 after purchasing an additional 555 shares during the period. Institutional investors own 94.67% of the company's stock.

Cohu Stock Up 3.7 %

Shares of Cohu stock traded up $1.02 during trading on Wednesday, hitting $28.57. The company's stock had a trading volume of 507,680 shares, compared to its average volume of 313,180. The company has a fifty day simple moving average of $25.20 and a two-hundred day simple moving average of $28.61. Cohu, Inc. has a 52 week low of $22.80 and a 52 week high of $36.60. The company has a market capitalization of $1.34 billion, a PE ratio of -26.45 and a beta of 1.52. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.69 and a current ratio of 6.38.

Cohu (NASDAQ:COHU - Get Free Report) last released its quarterly earnings data 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). The firm had revenue of $95.30 million for the quarter, compared to the consensus estimate of $95.75 million. Cohu had a negative net margin of 11.35% and a negative return on equity of 1.01%. The firm's revenue for the quarter was down 36.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.27 earnings per share. Equities research analysts predict that Cohu, Inc. will post -0.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on COHU. Citigroup lowered shares of Cohu from a "buy" rating to a "neutral" rating and set a $36.00 target price for the company. in a report on Monday, July 15th. The Goldman Sachs Group cut their price objective on Cohu from $26.00 to $23.00 and set a "sell" rating on the stock in a research report on Friday, November 1st. StockNews.com downgraded Cohu from a "hold" rating to a "sell" rating in a report on Friday, August 2nd. 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, Craig Hallum raised shares of Cohu from a "hold" rating to a "buy" rating and set a $30.00 target price on the stock in a research note on Friday, November 1st. Two 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's stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $31.50.

Insider Activity

In other news, Director Nina Richardson sold 4,999 shares of the firm'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 sale, the director now owns 28,313 shares of the company's stock, valued at $683,475.82. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders have sold a total of 5,399 shares of company stock valued at $130,204 over the last ninety days. 2.70% of the stock is currently owned by corporate 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.