Cohu, Inc. (NASDAQ:COHU) Shares Sold by Kendall Capital Management

Kendall Capital Management reduced its stake in shares of Cohu, Inc. (NASDAQ:COHU) by 6.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 28,045 shares of the semiconductor company’s stock after selling 1,970 shares during the quarter. Kendall Capital Management owned 0.06% of Cohu worth $928,000 at the end of the most recent reporting period.

Other institutional investors also recently bought and sold shares of the company. TFO Wealth Partners LLC raised its position in Cohu by 10,587.5% during the fourth quarter. TFO Wealth Partners LLC now owns 855 shares of the semiconductor company’s stock valued at $283,000 after acquiring an additional 847 shares in the last quarter. Signaturefd LLC raised its position in Cohu by 1,256.3% during the second quarter. Signaturefd LLC now owns 868 shares of the semiconductor company’s stock valued at $29,000 after acquiring an additional 804 shares in the last quarter. First Horizon Advisors Inc. raised its position in Cohu by 558.8% during the second quarter. First Horizon Advisors Inc. now owns 1,087 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 922 shares in the last quarter. CWM LLC raised its position in Cohu by 158.1% during the second quarter. CWM LLC now owns 1,533 shares of the semiconductor company’s stock valued at $51,000 after acquiring an additional 939 shares in the last quarter. Finally, 1620 Investment Advisors Inc. purchased a new position in Cohu during the second quarter valued at approximately $97,000. 94.67% of the stock is currently owned by hedge funds and other institutional investors.

Cohu Stock Performance

NASDAQ COHU opened at $24.54 on Thursday. The stock’s fifty day moving average is $27.87 and its two-hundred day moving average is $30.15. The firm has a market capitalization of $1.16 billion, a P/E ratio of -495.00 and a beta of 1.53. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.09 and a current ratio of 6.95. Cohu, Inc. has a fifty-two week low of $22.80 and a fifty-two week high of $36.60.

Cohu (NASDAQ:COHU) last released its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported ($0.12) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.03). The company had revenue of $104.70 million for the quarter, compared to analyst estimates of $105.00 million. Cohu had a positive return on equity of 1.27% and a negative net margin of 5.70%. On average, research analysts anticipate that Cohu, Inc. will post -0.41 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on COHU. Citigroup cut Cohu from a “buy” rating to a “neutral” rating and set a $36.00 price objective for the company. in a research report on Monday, July 15th. StockNews.com cut Cohu from a “hold” rating to a “sell” rating in a research report on Friday, August 2nd. Finally, Needham & Company LLC cut their price objective on Cohu from $37.00 to $33.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $35.00.

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.