Cohu, Inc. (NASDAQ:COHU) Shares Sold by Systematic Financial Management LP

Systematic Financial Management LP trimmed its stake in shares of Cohu, Inc. (NASDAQ:COHU) by 3.9% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 807,310 shares of the semiconductor company’s stock after selling 32,925 shares during the period. Systematic Financial Management LP’s holdings in Cohu were worth $26,722,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the stock. Inspire Advisors LLC acquired a new stake in shares of Cohu during the 1st quarter worth approximately $755,000. Vanguard Group Inc. increased its holdings in Cohu by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 4,165,622 shares of the semiconductor company’s stock valued at $147,421,000 after buying an additional 59,716 shares in the last quarter. BNP Paribas Financial Markets raised its position in shares of Cohu by 111.0% in the first quarter. BNP Paribas Financial Markets now owns 39,061 shares of the semiconductor company’s stock worth $1,302,000 after acquiring an additional 20,549 shares during the period. Sei Investments Co. boosted its stake in shares of Cohu by 11.2% during the 1st quarter. Sei Investments Co. now owns 160,259 shares of the semiconductor company’s stock worth $5,341,000 after acquiring an additional 16,159 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in shares of Cohu during the 1st quarter valued at about $596,000. 94.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

COHU has been the subject of several research analyst reports. Citigroup downgraded Cohu from a “buy” rating to a “neutral” rating and set a $36.00 target price for the company. in a research note on Monday, July 15th. Needham & Company LLC decreased their price target on shares of Cohu from $37.00 to $33.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Finally, StockNews.com lowered Cohu from a “hold” rating to a “sell” rating in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $35.00.

Cohu Stock Up 1.5 %

Shares of NASDAQ COHU opened at $25.95 on Friday. The stock has a market cap of $1.22 billion, a PE ratio of -519.00 and a beta of 1.53. The company has a current ratio of 6.95, a quick ratio of 5.09 and a debt-to-equity ratio of 0.01. Cohu, Inc. has a 12-month low of $22.80 and a 12-month high of $36.60. The company has a 50-day moving average of $26.37 and a 200 day moving average of $29.77.

Cohu (NASDAQ:COHU) last posted its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.03). The company had revenue of $104.70 million during the quarter, compared to analysts’ expectations of $105.00 million. Cohu had a negative net margin of 5.70% and a positive return on equity of 1.27%. As a group, sell-side analysts predict that Cohu, Inc. will post -0.41 EPS for the current fiscal year.

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.