Perkins Coie Trust Co Sells 1,000 Shares of Cohu, Inc. (NASDAQ:COHU)

Perkins Coie Trust Co trimmed its position in shares of Cohu, Inc. (NASDAQ:COHU) by 25.0% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,000 shares of the semiconductor company’s stock after selling 1,000 shares during the period. Perkins Coie Trust Co’s holdings in Cohu were worth $77,000 as of its most recent SEC filing.

Several other hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its holdings in Cohu by 3.3% during the 1st quarter. Vanguard Group Inc. now owns 4,303,097 shares of the semiconductor company’s stock valued at $143,422,000 after purchasing an additional 137,475 shares during the last quarter. Dimensional Fund Advisors LP grew its stake in Cohu by 1.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,161,347 shares of the semiconductor company’s stock worth $104,638,000 after acquiring an additional 51,640 shares in the last quarter. Bank of New York Mellon Corp grew its stake in Cohu by 54.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 905,309 shares of the semiconductor company’s stock worth $29,966,000 after acquiring an additional 320,234 shares in the last quarter. TimesSquare Capital Management LLC grew its stake in Cohu by 7.2% in the 1st quarter. TimesSquare Capital Management LLC now owns 746,680 shares of the semiconductor company’s stock worth $24,887,000 after acquiring an additional 49,892 shares in the last quarter. Finally, Divisar Capital Management LLC grew its stake in Cohu by 5.9% in the 2nd quarter. Divisar Capital Management LLC now owns 540,183 shares of the semiconductor company’s stock worth $17,880,000 after acquiring an additional 30,000 shares in the last quarter. 94.67% of the stock is currently owned by institutional investors.

Cohu Stock Down 0.5 %

Shares of COHU traded down $0.13 during mid-day trading on Wednesday, hitting $24.54. The company’s stock had a trading volume of 3,705 shares, compared to its average volume of 308,133. The company’s 50-day moving average is $25.38 and its 200-day moving average is $29.45. Cohu, Inc. has a 52-week low of $22.80 and a 52-week high of $36.60. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of -493.40 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 (NASDAQ:COHU) last announced its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.03). Cohu had a positive return on equity of 1.27% and a negative net margin of 5.70%. The business had revenue of $104.70 million during the quarter, compared to analysts’ expectations of $105.00 million. On average, equities research analysts forecast that Cohu, Inc. will post -0.41 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have commented on the stock. Needham & Company LLC dropped their target price 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. StockNews.com downgraded shares of Cohu from a “hold” rating to a “sell” rating in a research note on Friday, August 2nd. Finally, Citigroup downgraded shares of Cohu from a “buy” rating to a “neutral” rating and set a $36.00 target price on the stock. in a research note on Monday, July 15th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, Cohu currently has a consensus rating of “Hold” and an average target price of $35.00.

About Cohu

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.