GSA Capital Partners LLP Purchases 2,532 Shares of Cohu, Inc. (NASDAQ:COHU)

GSA Capital Partners LLP grew its position in shares of Cohu, Inc. (NASDAQ:COHU) by 34.3% in the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,922 shares of the semiconductor company’s stock after purchasing an additional 2,532 shares during the quarter. GSA Capital Partners LLP’s holdings in Cohu were worth $255,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Signaturefd LLC lifted its holdings in shares of Cohu by 1,256.3% in the second quarter. Signaturefd LLC now owns 868 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 804 shares in the last quarter. First Horizon Advisors Inc. boosted its stake 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 buying an additional 922 shares during the period. CWM LLC lifted its stake in shares of Cohu by 158.1% in the 2nd quarter. CWM LLC now owns 1,533 shares of the semiconductor company’s stock valued at $51,000 after acquiring an additional 939 shares during the last quarter. 1620 Investment Advisors Inc. bought a new stake in shares of Cohu in the 2nd quarter valued at about $97,000. Finally, Perkins Coie Trust Co purchased a new position in Cohu during the 2nd quarter valued at about $132,000. Institutional investors own 94.67% of the company’s stock.

Cohu Stock Up 2.1 %

Shares of NASDAQ:COHU opened at $26.65 on Friday. The company has a current ratio of 6.38, a quick ratio of 4.69 and a debt-to-equity ratio of 0.01. Cohu, Inc. has a 12 month low of $22.80 and a 12 month high of $36.60. The company has a 50-day moving average price of $25.61 and a 200 day moving average price of $28.30. The company has a market cap of $1.24 billion, a price-to-earnings ratio of -24.68 and a beta of 1.52.

Cohu (NASDAQ:COHU) last announced its quarterly earnings results on Thursday, October 31st. The semiconductor company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $95.75 million. During the same period in the previous year, the business posted $0.27 EPS. The firm’s revenue was down 36.8% on a year-over-year basis. As a group, equities research analysts predict that Cohu, Inc. will post -0.46 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research firms have weighed in on COHU. The Goldman Sachs Group reduced their target price on Cohu from $26.00 to $23.00 and set a “sell” rating on the stock in a report on Friday, November 1st. Craig Hallum raised Cohu from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Friday, November 1st. TD Cowen reduced their price objective on Cohu from $36.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Needham & Company LLC increased their price target on Cohu from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, StockNews.com lowered Cohu from a “hold” rating to a “sell” rating in a research report on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $31.50.

Insider Activity at Cohu

In other Cohu news, Director Nina Richardson sold 4,999 shares of the firm’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $24.14, for a total value of $120,675.86. Following the completion of the sale, the director now owns 28,313 shares of the company’s stock, valued at $683,475.82. This trade represents a 15.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In the last quarter, insiders sold 5,599 shares of company stock valued at $135,850. Insiders own 2.70% of the company’s stock.

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.