14,423 Shares in Cohu, Inc. (NASDAQ:COHU) Bought by MQS Management LLC

MQS Management LLC acquired a new stake in Cohu, Inc. (NASDAQ:COHU) in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor acquired 14,423 shares of the semiconductor company’s stock, valued at approximately $371,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mackenzie Financial Corp grew its holdings in shares of Cohu by 5.6% during the second quarter. Mackenzie Financial Corp now owns 7,939 shares of the semiconductor company’s stock valued at $263,000 after buying an additional 419 shares during the last quarter. Wedge Capital Management L L P NC boosted its stake in Cohu by 1.0% during the second quarter. Wedge Capital Management L L P NC now owns 47,223 shares of the semiconductor company’s stock valued at $1,563,000 after buying an additional 466 shares during the period. Oak Associates Ltd. OH lifted its stake in Cohu by 0.6% during the second quarter. Oak Associates Ltd. OH now owns 83,704 shares of the semiconductor company’s stock worth $2,771,000 after purchasing an additional 521 shares during the last quarter. Texas Permanent School Fund Corp boosted its holdings in Cohu by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 41,576 shares of the semiconductor company’s stock valued at $1,386,000 after acquiring an additional 539 shares during the period. Finally, Linden Thomas Advisory Services LLC raised its stake in shares of Cohu by 1.7% during the second quarter. Linden Thomas Advisory Services LLC now owns 34,091 shares of the semiconductor company’s stock valued at $1,128,000 after acquiring an additional 555 shares during the last quarter. Institutional investors and hedge funds own 94.67% of the company’s stock.

Cohu Trading Down 1.7 %

NASDAQ COHU opened at $25.43 on Friday. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of -23.55 and a beta of 1.52. The company’s fifty day moving average price is $25.40 and its two-hundred day moving average price is $28.49. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.38 and a quick ratio of 4.69. Cohu, Inc. has a 12 month low of $22.80 and a 12 month high of $36.60.

Cohu (NASDAQ:COHU) last released its 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 analyst estimates of $95.75 million. During the same period in the prior year, the company earned $0.27 earnings per share. The firm’s revenue for the quarter was down 36.8% on a year-over-year basis. As a group, research analysts predict that Cohu, Inc. will post -0.46 earnings per share for the current fiscal year.

Insider Transactions at Cohu

In other Cohu news, Director Nina Richardson sold 4,999 shares of the company’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $24.14, for a total transaction of $120,675.86. Following the transaction, the director now 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders sold 5,599 shares of company stock worth $135,850. 2.70% of the stock is owned by insiders.

Analyst Ratings Changes

A number of brokerages have weighed in on COHU. Craig Hallum upgraded shares of Cohu from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a report on Friday, November 1st. StockNews.com cut shares of Cohu from a “hold” rating to a “sell” rating in a research report on Friday, August 2nd. TD Cowen reduced their price target on Cohu from $36.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, November 1st. The Goldman Sachs Group cut their price target on Cohu from $26.00 to $23.00 and set a “sell” rating on the stock in a research note on Friday, November 1st. Finally, Needham & Company LLC boosted their price objective 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. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $31.50.

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.