Victory Capital Management Inc. increased its stake in shares of Cohu, Inc. (NASDAQ:COHU - Free Report) by 7.1% during the third quarter, according to its most recent filing with the SEC. The institutional investor owned 3,358,288 shares of the semiconductor company's stock after purchasing an additional 224,022 shares during the period. Victory Capital Management Inc. owned 7.16% of Cohu worth $86,308,000 as of its most recent SEC filing.
Several other large investors have also added to or reduced their stakes in the stock. Signaturefd LLC boosted its stake in Cohu by 1,256.3% during the second 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 period. First Horizon Advisors Inc. raised its holdings in shares of Cohu by 558.8% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,087 shares of the semiconductor company's stock valued at $36,000 after acquiring an additional 922 shares in the last quarter. CWM LLC boosted its position in shares of Cohu by 158.1% during the 2nd quarter. CWM LLC now owns 1,533 shares of the semiconductor company's stock valued at $51,000 after acquiring an additional 939 shares during the last quarter. 1620 Investment Advisors Inc. purchased a new position in Cohu in the 2nd quarter worth approximately $97,000. Finally, Perkins Coie Trust Co bought a new position in shares of Cohu in the 2nd quarter worth $132,000. Institutional investors own 94.67% of the company's stock.
Cohu Stock Performance
Shares of NASDAQ COHU traded down $0.44 during midday trading on Thursday, hitting $25.43. 293,005 shares of the stock traded hands, compared to its average volume of 312,311. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.69 and a current ratio of 6.38. The firm has a market capitalization of $1.19 billion, a P/E ratio of -23.95 and a beta of 1.52. The firm has a 50-day moving average of $25.40 and a two-hundred day moving average of $28.51. Cohu, Inc. has a one year low of $22.80 and a one year high of $36.60.
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 the consensus estimate of ($0.15) by ($0.02). The firm had revenue of $95.30 million for the quarter, compared to the consensus estimate of $95.75 million. Cohu had a negative net margin of 11.35% and a negative return on equity of 1.01%. The firm's revenue for the quarter was down 36.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.27 earnings per share. On average, equities analysts forecast that Cohu, Inc. will post -0.46 EPS for the current fiscal year.
Analyst Ratings Changes
Several brokerages recently issued reports on COHU. TD Cowen cut their target price on shares of Cohu from $36.00 to $30.00 and set a "buy" rating for the company in a research report on Friday, November 1st. Needham & Company LLC upped their target price on Cohu from $27.00 to $30.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. StockNews.com downgraded shares of Cohu from a "hold" rating to a "sell" rating in a research note on Friday, August 2nd. Craig Hallum upgraded shares of Cohu from a "hold" rating to a "buy" rating and set a $30.00 price objective for the company in a report on Friday, November 1st. Finally, The Goldman Sachs Group reduced their target price on shares of Cohu from $26.00 to $23.00 and set a "sell" rating on the stock in a report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $31.50.
Check Out Our Latest Research Report on COHU
Insider Activity at Cohu
In related news, Director Nina Richardson sold 4,999 shares of Cohu 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 completion of the transaction, the director now directly owns 28,313 shares in the company, valued at approximately $683,475.82. This trade represents a 15.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders sold 5,599 shares of company stock worth $135,850 over the last three months. 2.70% of the stock is owned by corporate insiders.
Cohu Profile
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Free Report)
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.
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