Kovack Advisors Inc. Trims Position in Cohu, Inc. (NASDAQ:COHU)

Kovack Advisors Inc. trimmed its holdings in Cohu, Inc. (NASDAQ:COHU) by 25.4% in the first quarter, according to its most recent disclosure with the SEC. The fund owned 34,807 shares of the semiconductor company’s stock after selling 11,855 shares during the period. Kovack Advisors Inc. owned 0.07% of Cohu worth $1,160,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in COHU. TimesSquare Capital Management LLC raised its holdings in shares of Cohu by 166.1% in the third quarter. TimesSquare Capital Management LLC now owns 647,338 shares of the semiconductor company’s stock valued at $22,294,000 after buying an additional 404,028 shares during the last quarter. Vanguard Group Inc. raised its holdings in shares of Cohu by 7.8% in the third quarter. Vanguard Group Inc. now owns 4,105,906 shares of the semiconductor company’s stock valued at $141,407,000 after buying an additional 295,456 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Cohu by 61.3% in the fourth quarter. Pacer Advisors Inc. now owns 751,039 shares of the semiconductor company’s stock valued at $26,579,000 after buying an additional 285,537 shares during the last quarter. Franklin Resources Inc. raised its holdings in shares of Cohu by 8.4% in the fourth quarter. Franklin Resources Inc. now owns 2,782,650 shares of the semiconductor company’s stock valued at $98,478,000 after buying an additional 215,153 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Cohu by 22.9% during the third quarter. American Century Companies Inc. now owns 974,605 shares of the semiconductor company’s stock worth $33,565,000 after acquiring an additional 181,689 shares during the period. 94.67% of the stock is owned by hedge funds and other institutional investors.

Cohu Trading Down 0.2 %

Shares of COHU opened at $33.37 on Friday. The company has a current ratio of 6.29, a quick ratio of 4.63 and a debt-to-equity ratio of 0.01. The firm’s 50-day moving average is $31.21 and its two-hundred day moving average is $32.12. Cohu, Inc. has a twelve month low of $28.57 and a twelve month high of $43.99. The firm has a market capitalization of $1.57 billion, a P/E ratio of -667.40 and a beta of 1.58.

Cohu (NASDAQ:COHU) last issued its earnings results on Thursday, May 2nd. The semiconductor company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.01. The company had revenue of $107.61 million for the quarter, compared to analyst estimates of $107.00 million. Cohu had a negative net margin of 0.38% and a positive return on equity of 3.91%. On average, research analysts predict that Cohu, Inc. will post -0.07 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on COHU. B. Riley dropped their price target on shares of Cohu from $45.00 to $40.00 and set a “buy” rating on the stock in a research note on Friday, May 3rd. Craig Hallum dropped their price target on shares of Cohu from $35.00 to $30.00 and set a “hold” rating on the stock in a research note on Friday, May 3rd. Citigroup dropped their price target on shares of Cohu from $40.00 to $36.00 and set a “buy” rating on the stock in a research note on Monday, May 6th. TD Cowen dropped their price target on shares of Cohu from $40.00 to $36.00 and set a “buy” rating on the stock in a research note on Friday, May 3rd. Finally, Needham & Company LLC dropped their price target on shares of Cohu from $36.00 to $34.00 and set a “buy” rating on the stock in a research note on Monday, May 6th. Two analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $37.33.

Insider Activity

In other news, Director William Bendush sold 2,591 shares of the stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $29.83, for a total value of $77,289.53. Following the sale, the director now directly owns 36,662 shares in the company, valued at $1,093,627.46. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, VP Thomas D. Kampfer sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $29.43, for a total transaction of $88,290.00. Following the transaction, the vice president now owns 51,442 shares of the company’s stock, valued at $1,513,938.06. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director William Bendush sold 2,591 shares of the company’s stock in a transaction that occurred on Monday, May 13th. The shares were sold at an average price of $29.83, for a total transaction of $77,289.53. Following the transaction, the director now directly owns 36,662 shares in the company, valued at approximately $1,093,627.46. The disclosure for this sale can be found here. Insiders have sold 10,091 shares of company stock worth $298,755 over the last ninety days. 2.70% of the stock is currently owned by insiders.

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.