21,459 Shares in Cohu, Inc. (NASDAQ:COHU) Purchased by Trust Point Inc.

Trust Point Inc. acquired a new stake in shares of Cohu, Inc. (NASDAQ:COHU - Free Report) during the third quarter, according to its most recent disclosure with the SEC. The fund acquired 21,459 shares of the semiconductor company's stock, valued at approximately $552,000.

A number of other hedge funds also recently made changes to their positions in the stock. Signaturefd LLC boosted its holdings 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 buying an additional 804 shares during the period. First Horizon Advisors Inc. boosted its stake in shares of Cohu by 558.8% in the second quarter. First Horizon Advisors Inc. now owns 1,087 shares of the semiconductor company's stock worth $36,000 after acquiring an additional 922 shares during the period. CWM LLC grew its position in shares of 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 purchasing an additional 939 shares in the last quarter. 1620 Investment Advisors Inc. bought a new stake in Cohu during the 2nd quarter valued at approximately $97,000. Finally, Perkins Coie Trust Co purchased a new position in Cohu in the 2nd quarter worth approximately $132,000. 94.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

COHU has been the subject of a number of research analyst reports. Needham & Company LLC cut their price objective on shares of Cohu from $37.00 to $33.00 and set a "buy" rating for the company in a report on Thursday, August 1st. Citigroup downgraded shares of Cohu from a "buy" rating to a "neutral" rating and set a $36.00 price target on the stock. in a report on Monday, July 15th. Finally, StockNews.com cut shares of Cohu from a "hold" rating to a "sell" rating in a research note on Friday, August 2nd. One analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $35.00.

Insider Activity

In other news, Director Nina Richardson sold 4,999 shares of the business's stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $24.14, for a total transaction of $120,675.86. Following the transaction, the director now owns 28,313 shares of the company's stock, valued at approximately $683,475.82. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold 5,399 shares of company stock valued at $130,204 in the last ninety days. Insiders own 2.70% of the company's stock.

Cohu Price Performance

Cohu stock traded up $0.15 during mid-day trading on Friday, reaching $25.33. 244,326 shares of the company's stock traded hands, compared to its average volume of 309,536. Cohu, Inc. has a 12-month low of $22.80 and a 12-month high of $36.60. The company has a quick ratio of 5.09, a current ratio of 6.95 and a debt-to-equity ratio of 0.01. The stock has a 50 day moving average of $25.20 and a two-hundred day moving average of $29.07. The company has a market cap of $1.19 billion, a price-to-earnings ratio of -506.60 and a beta of 1.53.

Cohu (NASDAQ:COHU - Get Free Report) last announced its earnings results on Wednesday, July 31st. The semiconductor company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.03). The business had revenue of $104.70 million for the quarter, compared to analysts' expectations of $105.00 million. Cohu had a negative net margin of 5.70% and a positive return on equity of 1.27%. Equities analysts forecast that Cohu, Inc. will post -0.41 earnings per share for the current year.

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.