JPMorgan Chase & Co. Lowers Stock Position in Cohu, Inc. (NASDAQ:COHU)

JPMorgan Chase & Co. decreased its position in shares of Cohu, Inc. (NASDAQ:COHU - Free Report) by 47.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 201,440 shares of the semiconductor company's stock after selling 184,439 shares during the quarter. JPMorgan Chase & Co. owned about 0.43% of Cohu worth $5,177,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Envestnet Asset Management Inc. lifted its position in Cohu by 529.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 70,880 shares of the semiconductor company's stock valued at $2,346,000 after acquiring an additional 59,617 shares in the last quarter. Dimensional Fund Advisors LP lifted its stake in Cohu by 1.7% in 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 acquiring an additional 51,640 shares in the last quarter. Public Sector Pension Investment Board boosted its holdings in Cohu by 6.4% during the second quarter. Public Sector Pension Investment Board now owns 103,615 shares of the semiconductor company's stock worth $3,430,000 after purchasing an additional 6,239 shares during the last quarter. 272 Capital LP increased its position in shares of Cohu by 137.9% in the second quarter. 272 Capital LP now owns 58,654 shares of the semiconductor company's stock valued at $1,941,000 after acquiring an additional 34,000 shares during the last quarter. Finally, Squarepoint Ops LLC acquired a new stake in Cohu in the second quarter valued at $594,000. Institutional investors own 94.67% of the company's stock.

Cohu Stock Performance

NASDAQ COHU traded up $0.03 during trading on Friday, reaching $24.27. The company's stock had a trading volume of 162,541 shares, compared to its average volume of 308,025. 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 firm has a market capitalization of $1.13 billion, a price-to-earnings ratio of -22.50 and a beta of 1.47. Cohu, Inc. has a 12 month low of $22.80 and a 12 month high of $36.60. The firm has a 50 day moving average price of $26.37 and a 200 day moving average price of $27.01.

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 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 firm had revenue of $95.30 million for the quarter, compared to the consensus estimate of $95.75 million. During the same period last year, the company posted $0.27 EPS. The business's revenue was down 36.8% on a year-over-year basis. As a group, equities analysts anticipate that Cohu, Inc. will post -0.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on COHU. TD Cowen lowered their price objective on shares of 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 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. Needham & Company LLC lowered shares of Cohu from a "buy" rating to a "hold" rating in a research note on Monday. Finally, The Goldman Sachs Group lowered their price objective on shares of Cohu from $26.00 to $23.00 and set a "sell" rating on the stock in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus target price of $31.50.

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.