International Assets Investment Management LLC Purchases Shares of 20,560 Cohu, Inc. (NASDAQ:COHU)

International Assets Investment Management LLC purchased a new stake in shares of 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 purchased 20,560 shares of the semiconductor company’s stock, valued at approximately $528,000.

Several other institutional investors have also added to or reduced their stakes in COHU. Signaturefd LLC boosted its position in Cohu by 1,256.3% during 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 period. First Horizon Advisors Inc. lifted its position in shares of Cohu by 558.8% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,087 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 922 shares during the period. CWM LLC lifted its position in shares of Cohu by 158.1% in the 2nd quarter. CWM LLC now owns 1,533 shares of the semiconductor company’s stock worth $51,000 after purchasing an additional 939 shares during the period. 1620 Investment Advisors Inc. purchased a new stake in shares of Cohu in the 2nd quarter worth about $97,000. Finally, Perkins Coie Trust Co purchased a new stake in shares of Cohu in the 2nd quarter worth about $132,000. Hedge funds and other institutional investors own 94.67% of the company’s stock.

Insider Transactions at Cohu

In other news, Director Nina Richardson sold 4,999 shares of the business’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $24.14, for a total value 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. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Over the last quarter, insiders have sold 5,399 shares of company stock valued at $130,204. 2.70% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several brokerages recently issued reports on COHU. Needham & Company LLC increased their price target 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. Craig Hallum upgraded shares of Cohu from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Friday, November 1st. The Goldman Sachs Group reduced their price objective on shares of Cohu from $26.00 to $23.00 and set a “sell” rating for the company in a research note on Friday, November 1st. Citigroup lowered shares of Cohu from a “buy” rating to a “neutral” rating and set a $36.00 price target for the company. in a research note on Monday, July 15th. Finally, StockNews.com downgraded shares of Cohu from a “hold” rating to a “sell” rating in a report on Friday, August 2nd. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $31.50.

Cohu Price Performance

Shares of NASDAQ:COHU opened at $27.55 on Wednesday. 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 1-year low of $22.80 and a 1-year high of $36.60. The company has a market capitalization of $1.29 billion, a P/E ratio of -25.51 and a beta of 1.52. The firm’s 50 day simple moving average is $25.18 and its two-hundred day simple moving average is $28.62.

Cohu (NASDAQ:COHU) last issued its quarterly earnings results on Thursday, October 31st. The semiconductor company reported ($0.17) earnings per share 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 firm had revenue of $95.30 million for the quarter, compared to analysts’ expectations of $95.75 million. During the same period in the prior year, the firm earned $0.27 EPS. Cohu’s revenue for the quarter was down 36.8% compared to the same quarter last year. Research analysts expect that Cohu, Inc. will post -0.41 EPS for the current fiscal year.

Cohu 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.