Massachusetts Financial Services Co. MA Has $19.41 Million Holdings in Cohu, Inc. (NASDAQ:COHU)

Massachusetts Financial Services Co. MA lessened its stake in Cohu, Inc. (NASDAQ:COHU - Free Report) by 2.7% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 755,268 shares of the semiconductor company's stock after selling 21,281 shares during the period. Massachusetts Financial Services Co. MA owned 1.62% of Cohu worth $19,410,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of COHU. Vanguard Group Inc. increased its stake in shares of Cohu by 3.3% during the first quarter. Vanguard Group Inc. now owns 4,303,097 shares of the semiconductor company's stock valued at $143,422,000 after acquiring an additional 137,475 shares during the period. CANADA LIFE ASSURANCE Co lifted its holdings in shares of Cohu by 8.6% in the first quarter. CANADA LIFE ASSURANCE Co now owns 61,409 shares of the semiconductor company's stock valued at $2,048,000 after buying an additional 4,861 shares during the period. Comerica Bank grew its holdings in Cohu by 48.6% during the first quarter. Comerica Bank now owns 32,412 shares of the semiconductor company's stock worth $1,080,000 after acquiring an additional 10,597 shares during the period. CWM LLC grew its holdings in Cohu by 158.1% during the second quarter. CWM LLC now owns 1,533 shares of the semiconductor company's stock worth $51,000 after acquiring an additional 939 shares during the period. Finally, Linden Thomas Advisory Services LLC raised its position in Cohu by 1.7% in the second quarter. Linden Thomas Advisory Services LLC now owns 34,091 shares of the semiconductor company's stock worth $1,128,000 after acquiring an additional 555 shares in the last quarter. Institutional investors and hedge funds own 94.67% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on COHU. TD Cowen dropped their target price 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. StockNews.com cut Cohu from a "hold" rating to a "sell" rating in a report on Friday, August 2nd. Craig Hallum raised Cohu from a "hold" rating to a "buy" rating and set a $30.00 price objective for the company in a research note on Friday, November 1st. Needham & Company LLC lifted their target price on Cohu from $27.00 to $30.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Finally, The Goldman Sachs Group decreased their price target on Cohu from $26.00 to $23.00 and set a "sell" rating for the company in a research report on Friday, November 1st. Two analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Cohu has a consensus rating of "Hold" and an average price target 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 stock was 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 directly owns 28,313 shares of the company's stock, valued at $683,475.82. This trade represents a 15.01 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 5,599 shares of company stock worth $135,850 in the last ninety days. Corporate insiders own 2.70% of the company's stock.

Cohu Stock Down 4.5 %

Shares of Cohu stock traded down $1.22 during midday trading on Tuesday, hitting $25.85. The company's stock had a trading volume of 189,350 shares, compared to its average volume of 310,935. The firm has a market capitalization of $1.20 billion, a P/E ratio of -23.91 and a beta of 1.52. Cohu, Inc. has a 1-year low of $22.80 and a 1-year high of $36.60. The company has a quick ratio of 4.69, a current ratio of 6.38 and a debt-to-equity ratio of 0.01. The stock has a 50-day simple moving average of $25.66 and a 200-day simple moving average of $28.28.

Cohu (NASDAQ:COHU - Get Free Report) last posted its quarterly earnings results on Thursday, October 31st. The semiconductor company reported ($0.17) earnings per share (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 analysts' expectations of $95.75 million. Cohu had a negative return on equity of 1.01% and a negative net margin of 11.35%. Cohu's revenue for the quarter was down 36.8% compared to the same quarter last year. During the same period last year, the company earned $0.27 earnings per share. As a group, sell-side analysts expect that Cohu, Inc. will post -0.46 earnings per share for the current 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.