BNP Paribas Financial Markets Has $1.23 Million Stock Holdings in Cohu, Inc. (NASDAQ:COHU)

BNP Paribas Financial Markets raised its stake in Cohu, Inc. (NASDAQ:COHU) by 20.3% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 47,967 shares of the semiconductor company’s stock after purchasing an additional 8,095 shares during the period. BNP Paribas Financial Markets owned 0.10% of Cohu worth $1,233,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of the stock. Signaturefd LLC grew its stake in Cohu by 1,256.3% in the 2nd 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 last quarter. First Horizon Advisors Inc. boosted its holdings in shares of Cohu by 558.8% during the second quarter. First Horizon Advisors Inc. now owns 1,087 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 922 shares during the period. CWM LLC grew its position in shares of Cohu by 158.1% in the second quarter. CWM LLC now owns 1,533 shares of the semiconductor company’s stock valued at $51,000 after purchasing an additional 939 shares during the last quarter. 1620 Investment Advisors Inc. bought a new position in shares of Cohu during the second quarter worth approximately $97,000. Finally, F M Investments LLC bought a new position in shares of Cohu during the second quarter worth approximately $250,000. Institutional investors and hedge funds own 94.67% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have commented on the company. TD Cowen decreased their price objective on Cohu from $36.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Needham & Company LLC upped their price target on shares of Cohu from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, November 1st. The Goldman Sachs Group lowered their price target on shares of Cohu from $26.00 to $23.00 and set a “sell” rating on the stock in a research report on Friday, November 1st. Finally, Craig Hallum raised 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. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Cohu currently has an average rating of “Hold” and a consensus target price of $31.50.

Cohu Trading Up 3.5 %

COHU opened at $27.46 on Tuesday. The company has a quick ratio of 4.69, a current ratio of 6.38 and a debt-to-equity ratio of 0.01. Cohu, Inc. has a twelve month low of $22.80 and a twelve month high of $36.60. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of -25.43 and a beta of 1.51. The company has a 50-day simple moving average of $25.99 and a 200 day simple moving average of $28.06.

Cohu (NASDAQ:COHU) last posted its quarterly earnings results on Thursday, October 31st. The semiconductor company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.02). Cohu had a negative return on equity of 1.01% and a negative net margin of 11.35%. The firm had revenue of $95.30 million for the quarter, compared to analyst estimates of $95.75 million. During the same quarter in the prior year, the business posted $0.27 EPS. The business’s revenue was down 36.8% on a year-over-year basis. Analysts predict that Cohu, Inc. will post -0.46 EPS for the current fiscal year.

Insider Buying and Selling 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 shares were sold at an average price of $24.14, for a total transaction of $120,675.86. Following the sale, the director now directly owns 28,313 shares of the company’s stock, valued at approximately $683,475.82. The trade was a 15.01 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last quarter, insiders have sold 5,399 shares of company stock valued at $131,188. 2.70% of the stock is currently owned by corporate 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.