Vanguard Group Inc. Boosts Stake in Cohu, Inc. (NASDAQ:COHU)

Vanguard Group Inc. boosted its holdings in Cohu, Inc. (NASDAQ:COHU) by 1.5% during the fourth quarter, Holdings Channel.com reports. The fund owned 4,165,622 shares of the semiconductor company’s stock after buying an additional 59,716 shares during the quarter. Vanguard Group Inc. owned 0.09% of Cohu worth $147,421,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. Keeley Teton Advisors LLC lifted its position in Cohu by 9.4% during the fourth quarter. Keeley Teton Advisors LLC now owns 31,501 shares of the semiconductor company’s stock valued at $1,115,000 after purchasing an additional 2,701 shares during the last quarter. TFO Wealth Partners LLC raised its position in shares of Cohu by 10,587.5% during the 4th quarter. TFO Wealth Partners LLC now owns 855 shares of the semiconductor company’s stock valued at $283,000 after buying an additional 847 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Cohu by 8.4% during the 4th quarter. Franklin Resources Inc. now owns 2,782,650 shares of the semiconductor company’s stock worth $98,478,000 after acquiring an additional 215,153 shares during the last quarter. Quest Partners LLC purchased a new position in Cohu in the fourth quarter worth $640,000. Finally, First Eagle Investment Management LLC increased its stake in Cohu by 38.4% in the fourth quarter. First Eagle Investment Management LLC now owns 213,698 shares of the semiconductor company’s stock valued at $7,563,000 after acquiring an additional 59,283 shares during the last quarter. Hedge funds and other institutional investors own 94.67% of the company’s stock.

Cohu Stock Down 0.2 %

Shares of Cohu stock opened at $33.37 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.63 and a current ratio of 6.29. Cohu, Inc. has a 52-week low of $28.57 and a 52-week high of $43.99. The company’s 50 day moving average price is $31.21 and its 200-day moving average price is $32.12. The stock has a market capitalization of $1.57 billion, a price-to-earnings ratio of -667.40 and a beta of 1.58.

Cohu (NASDAQ:COHU) last released its quarterly earnings results on Thursday, May 2nd. The semiconductor company reported ($0.06) EPS for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. Cohu had a positive return on equity of 3.91% and a negative net margin of 0.38%. The business had revenue of $107.61 million during the quarter, compared to analyst estimates of $107.00 million. Equities research analysts forecast that Cohu, Inc. will post -0.07 EPS for the current year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. TD Cowen dropped their price target on Cohu from $40.00 to $36.00 and set a “buy” rating for the company in a research note on Friday, May 3rd. Craig Hallum cut their target price on Cohu from $35.00 to $30.00 and set a “hold” rating for the company in a research note on Friday, May 3rd. Needham & Company LLC reduced their price target on shares of Cohu from $36.00 to $34.00 and set a “buy” rating on the stock in a research report on Monday, May 6th. Citigroup lowered their price objective on shares of Cohu from $40.00 to $36.00 and set a “buy” rating for the company in a report on Monday, May 6th. Finally, B. Riley cut their price objective on shares of Cohu from $45.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, May 3rd. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $37.33.

Insider Activity at Cohu

In other news, Director William Bendush sold 2,591 shares of the firm’s stock in a transaction dated Monday, May 13th. The shares were sold at an average price of $29.83, for a total value of $77,289.53. Following the completion of the sale, the director now directly owns 36,662 shares of the company’s stock, valued at approximately $1,093,627.46. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. In related news, SVP Christopher Bohrson sold 2,000 shares of the company’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $30.00, for a total value of $60,000.00. Following the sale, the senior vice president now directly owns 130,339 shares of the company’s stock, valued at $3,910,170. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director William Bendush sold 2,591 shares of the stock in a transaction on Monday, May 13th. The stock was sold at an average price of $29.83, for a total value of $77,289.53. Following the completion of the transaction, the director now owns 36,662 shares of the company’s stock, valued at approximately $1,093,627.46. The disclosure for this sale can be found here. Insiders have sold a total of 10,091 shares of company stock worth $298,755 over the last quarter. Corporate insiders own 2.70% of the company’s stock.

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.