Assenagon Asset Management S.A. Acquires 79,890 Shares of Cohu, Inc. (NASDAQ:COHU)

Assenagon Asset Management S.A. boosted its stake in Cohu, Inc. (NASDAQ:COHU - Free Report) by 286.1% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 107,817 shares of the semiconductor company's stock after purchasing an additional 79,890 shares during the period. Assenagon Asset Management S.A. owned about 0.23% of Cohu worth $2,771,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of COHU. Vanguard Group Inc. grew its holdings in Cohu by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 4,165,622 shares of the semiconductor company's stock worth $147,421,000 after acquiring an additional 59,716 shares during the period. BNP Paribas Financial Markets grew its holdings in Cohu by 111.0% during the 1st quarter. BNP Paribas Financial Markets now owns 39,061 shares of the semiconductor company's stock worth $1,302,000 after acquiring an additional 20,549 shares during the period. GSA Capital Partners LLP grew its holdings in Cohu by 122.7% during the 1st quarter. GSA Capital Partners LLP now owns 24,979 shares of the semiconductor company's stock worth $833,000 after acquiring an additional 13,762 shares during the period. Texas Permanent School Fund Corp grew its holdings in Cohu by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 41,576 shares of the semiconductor company's stock worth $1,386,000 after acquiring an additional 539 shares during the period. Finally, Duality Advisers LP acquired a new stake in Cohu during the 1st quarter worth about $454,000. 94.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, Director Nina Richardson sold 4,999 shares of Cohu stock in a transaction that occurred on Thursday, October 10th. The shares were 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 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 this hyperlink. In the last quarter, insiders have sold 5,399 shares of company stock valued at $130,204. 2.70% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

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

Cohu Stock Performance

Shares of Cohu stock traded down $1.03 during mid-day trading on Thursday, hitting $24.92. 433,252 shares of the stock were exchanged, compared to its average volume of 308,225. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.09 and a current ratio of 6.95. The company has a market capitalization of $1.17 billion, a P/E ratio of -42.54 and a beta of 1.53. The company has a 50-day simple moving average of $25.19 and a 200 day simple moving average of $28.71. Cohu, Inc. has a 12 month low of $22.80 and a 12 month high of $36.60.

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

Cohu Company 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.