Needham Investment Management LLC Has $2.06 Million Holdings in Cohu, Inc. (NASDAQ:COHU)

Needham Investment Management LLC lifted its position in Cohu, Inc. (NASDAQ:COHU - Free Report) by 128.6% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 80,000 shares of the semiconductor company's stock after acquiring an additional 45,000 shares during the quarter. Needham Investment Management LLC owned approximately 0.17% of Cohu worth $2,056,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in COHU. Signaturefd LLC grew its stake in Cohu by 1,256.3% in the 2nd quarter. Signaturefd LLC now owns 868 shares of the semiconductor company's stock valued at $29,000 after buying an additional 804 shares during the last quarter. First Horizon Advisors Inc. grew its position in Cohu by 558.8% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,087 shares of the semiconductor company's stock worth $36,000 after purchasing an additional 922 shares during the last quarter. CWM LLC grew its position in Cohu by 158.1% in the 2nd quarter. CWM LLC now owns 1,533 shares of the semiconductor company's stock worth $51,000 after purchasing an additional 939 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new stake in Cohu in the 2nd quarter worth $97,000. Finally, Perkins Coie Trust Co acquired a new stake in Cohu in the 2nd quarter worth $132,000. Hedge funds and other institutional investors own 94.67% of the company's stock.

Cohu Stock Down 1.6 %

Shares of Cohu stock traded down $0.44 on Wednesday, hitting $26.61. The company had a trading volume of 127,465 shares, compared to its average volume of 309,126. The firm has a market capitalization of $1.24 billion, a P/E ratio of -25.05 and a beta of 1.51. Cohu, Inc. has a twelve month low of $22.80 and a twelve month high of $36.60. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.38 and a quick ratio of 4.69. The stock has a 50-day moving average of $25.87 and a 200-day moving average of $28.15.

Cohu (NASDAQ:COHU - Get Free Report) last announced its quarterly earnings data on Thursday, October 31st. The semiconductor company reported ($0.17) EPS for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.02). The business had revenue of $95.30 million during the quarter, compared to the consensus estimate of $95.75 million. Cohu had a negative return on equity of 1.01% and a negative net margin of 11.35%. The business's revenue for the quarter was down 36.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.27 EPS. Research analysts predict that Cohu, Inc. will post -0.46 earnings per share for the current year.

Insiders Place Their Bets

In other Cohu news, Director Nina Richardson sold 4,999 shares of the company's stock in a transaction 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 transaction, the director now directly owns 28,313 shares in the company, valued at $683,475.82. The trade was a 15.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Over the last three months, insiders have sold 5,599 shares of company stock valued at $135,850. 2.70% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the stock. Needham & Company LLC raised their price objective on shares of Cohu from $27.00 to $30.00 and gave the stock a "buy" rating in a report on Friday, November 1st. Craig Hallum raised shares of Cohu from a "hold" rating to a "buy" rating and set a $30.00 price target for the company in a report on Friday, November 1st. TD Cowen cut their price target on shares of Cohu from $36.00 to $30.00 and set a "buy" rating for the company in a report on Friday, November 1st. Finally, The Goldman Sachs Group cut their price target on shares of Cohu from $26.00 to $23.00 and set a "sell" rating for the company in a report on Friday, November 1st. Two analysts have rated the stock with a sell rating, one has issued a hold rating and four have given 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 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.