Cohu, Inc. (NASDAQ:COHU) Shares Acquired by Tributary Capital Management LLC

Tributary Capital Management LLC grew its stake in shares of Cohu, Inc. (NASDAQ:COHU - Free Report) by 46.4% in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 521,047 shares of the semiconductor company's stock after purchasing an additional 165,135 shares during the quarter. Tributary Capital Management LLC owned approximately 1.11% of Cohu worth $13,391,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in COHU. Bank of New York Mellon Corp raised its holdings in shares of Cohu by 54.7% in the second quarter. Bank of New York Mellon Corp now owns 905,309 shares of the semiconductor company's stock valued at $29,966,000 after acquiring an additional 320,234 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Cohu by 3.3% in 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 in the last quarter. Assenagon Asset Management S.A. raised its holdings in shares of Cohu by 286.1% in the third quarter. Assenagon Asset Management S.A. now owns 107,817 shares of the semiconductor company's stock valued at $2,771,000 after acquiring an additional 79,890 shares in the last quarter. Envestnet Asset Management Inc. raised its holdings in shares of Cohu by 529.3% in the second 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. Finally, Hantz Financial Services Inc. bought a new stake in shares of Cohu in the second quarter valued at about $1,786,000. 94.67% of the stock is currently owned by institutional investors.

Cohu Stock Up 2.2 %

Shares of COHU stock traded up $0.58 during trading hours on Monday, reaching $26.47. 350,788 shares of the company's stock were exchanged, compared to its average volume of 308,127. Cohu, Inc. has a 1 year low of $22.80 and a 1 year high of $36.60. The stock has a market cap of $1.25 billion, a PE ratio of -524.80 and a beta of 1.53. The company has a current ratio of 6.95, a quick ratio of 5.09 and a debt-to-equity ratio of 0.01. The stock's fifty day moving average price is $25.20 and its two-hundred day moving average price is $28.80.

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

Insider Activity at Cohu

In related news, Director Nina Richardson sold 4,999 shares of the company'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 value of $120,675.86. Following the sale, the director now owns 28,313 shares in the company, valued at $683,475.82. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Insiders have sold a total of 5,399 shares of company stock worth $130,204 over the last quarter. Insiders own 2.70% of the company's stock.

Analyst Upgrades and Downgrades

A number of brokerages have commented on COHU. Citigroup downgraded 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. StockNews.com downgraded shares of Cohu from a "hold" rating to a "sell" rating in a report on Friday, August 2nd. Finally, Needham & Company LLC reduced their target price 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. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $35.00.

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.