Creative Planning Increases Stake in Cohu, Inc. (NASDAQ:COHU)

Creative Planning lifted its holdings in shares of Cohu, Inc. (NASDAQ:COHU - Free Report) by 219.4% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,237 shares of the semiconductor company's stock after purchasing an additional 18,709 shares during the period. Creative Planning owned about 0.06% of Cohu worth $700,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Inspire Advisors LLC bought a new stake in shares of Cohu in the first quarter valued at $755,000. BNP Paribas Financial Markets increased its holdings in Cohu by 111.0% in 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 last quarter. Sei Investments Co. raised its stake in Cohu by 11.2% in the 1st quarter. Sei Investments Co. now owns 160,259 shares of the semiconductor company's stock valued at $5,341,000 after acquiring an additional 16,159 shares during the period. SG Americas Securities LLC purchased a new stake in Cohu during the first quarter valued at about $596,000. Finally, 272 Capital LP boosted its position in Cohu by 137.9% during the second quarter. 272 Capital LP now owns 58,654 shares of the semiconductor company's stock worth $1,941,000 after purchasing an additional 34,000 shares during the period. 94.67% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Cohu

In other Cohu 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 sale, the director now owns 28,313 shares in the company, valued at $683,475.82. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders have sold 5,399 shares of company stock valued at $130,204 in the last quarter. Insiders own 2.70% of the company's stock.

Analyst Ratings Changes

COHU has been the subject of a number of recent research reports. The Goldman Sachs Group reduced their price objective on shares of Cohu from $26.00 to $23.00 and set a "sell" rating for the company in a research note on Friday. StockNews.com cut Cohu from a "hold" rating to a "sell" rating in a research report on Friday, August 2nd. Craig Hallum upgraded 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. Needham & Company LLC raised their target price on Cohu from $27.00 to $30.00 and gave the stock a "buy" rating in a research note on Friday. Finally, Citigroup cut 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. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $31.50.

Cohu Price Performance

NASDAQ COHU traded down $0.84 during trading on Monday, reaching $26.51. The company's stock had a trading volume of 458,322 shares, compared to its average volume of 311,761. The firm has a fifty day moving average of $25.18 and a 200 day moving average of $28.64. Cohu, Inc. has a one year low of $22.80 and a one year high of $36.60. The stock has a market capitalization of $1.24 billion, a PE ratio of -25.13 and a beta of 1.52. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.95 and a quick ratio of 5.09.

Cohu (NASDAQ:COHU - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The semiconductor company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.02). Cohu had a negative return on equity of 1.00% and a negative net margin of 11.35%. The company had revenue of $95.30 million during the quarter, compared to the consensus estimate of $95.75 million. During the same quarter last year, the company posted $0.27 earnings per share. The firm's revenue for the quarter was down 36.8% on a year-over-year basis. Analysts expect that Cohu, Inc. will post -0.41 EPS 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.