34,088 Shares in Cohu, Inc. (NASDAQ:COHU) Acquired by Walleye Capital LLC

Walleye Capital LLC bought a new stake in shares of Cohu, Inc. (NASDAQ:COHU - Free Report) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 34,088 shares of the semiconductor company's stock, valued at approximately $876,000. Walleye Capital LLC owned approximately 0.07% of Cohu at the end of the most recent quarter.

Other hedge funds have also recently modified their holdings of the company. International Assets Investment Management LLC bought a new stake in shares of Cohu during the 3rd quarter valued at $528,000. Creative Planning boosted its holdings in shares of Cohu by 219.4% during the 3rd quarter. Creative Planning now owns 27,237 shares of the semiconductor company's stock valued at $700,000 after buying an additional 18,709 shares in the last quarter. 272 Capital LP boosted its holdings in shares of Cohu by 137.9% during the 2nd quarter. 272 Capital LP now owns 58,654 shares of the semiconductor company's stock valued at $1,941,000 after buying an additional 34,000 shares in the last quarter. Assenagon Asset Management S.A. boosted its holdings in shares of Cohu by 286.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 107,817 shares of the semiconductor company's stock valued at $2,771,000 after buying an additional 79,890 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its holdings in shares of Cohu by 7.1% during the 3rd quarter. Victory Capital Management Inc. now owns 3,358,288 shares of the semiconductor company's stock valued at $86,308,000 after buying an additional 224,022 shares in the last quarter. Institutional investors own 94.67% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on COHU shares. Needham & Company LLC upped their price target on shares of Cohu from $27.00 to $30.00 and gave the stock a "buy" rating in a research note on Friday, November 1st. Craig Hallum upgraded shares of Cohu from a "hold" rating to a "buy" rating and set a $30.00 price target on the stock in a research note on Friday, November 1st. The Goldman Sachs Group dropped their price target on shares of Cohu from $26.00 to $23.00 and set a "sell" rating on the stock in a research note on Friday, November 1st. Finally, TD Cowen dropped their price target on shares of Cohu from $36.00 to $30.00 and set a "buy" rating on the stock in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus price target of $31.50.

Insider Activity

In related news, Director Nina Richardson sold 4,999 shares of the 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 completion of the sale, the director now directly owns 28,313 shares of the company's stock, valued at approximately $683,475.82. This represents a 15.01 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 5,599 shares of company stock valued at $135,850 in the last quarter. 2.70% of the stock is currently owned by insiders.

Cohu Stock Performance

COHU traded up $0.31 during midday trading on Friday, hitting $26.54. 251,542 shares of the company traded hands, compared to its average volume of 256,361. The company has a quick ratio of 4.69, a current ratio of 6.38 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $1.24 billion, a PE ratio of -24.57 and a beta of 1.51. The company's 50-day moving average is $25.95 and its 200 day moving average is $28.10. Cohu, Inc. has a 52 week low of $22.80 and a 52 week high of $36.60.

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

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.