Goldman Sachs Group Inc. Cuts Holdings in Cohu, Inc. (NASDAQ:COHU)

Goldman Sachs Group Inc. lowered its stake in shares of Cohu, Inc. (NASDAQ:COHU) by 5.0% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 839,100 shares of the semiconductor company’s stock after selling 44,087 shares during the period. Goldman Sachs Group Inc. owned 1.78% of Cohu worth $29,696,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also bought and sold shares of the stock. TFO Wealth Partners LLC lifted its stake 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 worth $283,000 after purchasing an additional 847 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Cohu during the fourth quarter valued at about $35,000. Teza Capital Management LLC bought a new stake in shares of Cohu in the 3rd quarter valued at about $212,000. Altfest L J & Co. Inc. bought a new stake in shares of Cohu in the 4th quarter valued at about $250,000. Finally, Quest Partners LLC purchased a new position in shares of Cohu in the 4th quarter worth approximately $640,000. Institutional investors own 94.67% of the company’s stock.

Insider Buying and Selling at Cohu

In other news, SVP Christopher Bohrson sold 2,000 shares of the stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $30.00, for a total value of $60,000.00. Following the sale, the senior vice president now owns 130,339 shares in the company, valued at $3,910,170. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director William Bendush sold 2,500 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $29.27, for a total value of $73,175.00. Following the completion of the transaction, the director now owns 34,162 shares of the company’s stock, valued at approximately $999,921.74. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Christopher Bohrson sold 2,000 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $30.00, for a total value of $60,000.00. Following the completion of the sale, the senior vice president now owns 130,339 shares in the company, valued at approximately $3,910,170. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,091 shares of company stock worth $298,755. Company insiders own 2.70% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Cohu Stock Performance

Shares of COHU opened at $31.99 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. The stock has a 50-day moving average of $30.73 and a two-hundred day moving average of $32.18. The stock has a market cap of $1.51 billion, a P/E ratio of -639.80 and a beta of 1.57. Cohu, Inc. has a one year low of $28.57 and a one year high of $43.99.

Cohu (NASDAQ:COHU) last released its earnings results on Thursday, May 2nd. The semiconductor company reported ($0.06) EPS for the quarter, topping 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 firm had revenue of $107.61 million during the quarter, compared to the consensus estimate of $107.00 million. As a group, research analysts predict that Cohu, Inc. will post -0.07 EPS for the current 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.