Cohu, Inc. (NASDAQ:COHU) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC reduced its position in shares of Cohu, Inc. (NASDAQ:COHU) by 41.5% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 14,714 shares of the semiconductor company’s stock after selling 10,441 shares during the period. Natixis Advisors LLC’s holdings in Cohu were worth $378,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in the stock. Mackenzie Financial Corp boosted its stake in shares of Cohu by 5.6% in the second quarter. Mackenzie Financial Corp now owns 7,939 shares of the semiconductor company’s stock valued at $263,000 after purchasing an additional 419 shares during the period. Wedge Capital Management L L P NC boosted its stake in shares of Cohu by 1.0% in the second quarter. Wedge Capital Management L L P NC now owns 47,223 shares of the semiconductor company’s stock valued at $1,563,000 after purchasing an additional 466 shares during the period. Oak Associates Ltd. OH boosted its stake in shares of Cohu by 0.6% in the second quarter. Oak Associates Ltd. OH now owns 83,704 shares of the semiconductor company’s stock valued at $2,771,000 after purchasing an additional 521 shares during the period. Linden Thomas Advisory Services LLC boosted its stake in shares of Cohu by 1.7% in the second quarter. Linden Thomas Advisory Services LLC now owns 34,091 shares of the semiconductor company’s stock valued at $1,128,000 after purchasing an additional 555 shares during the period. Finally, Signaturefd LLC boosted its stake 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 during the period. 94.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on COHU. Needham & Company LLC raised their price objective on shares of Cohu from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, November 1st. The Goldman Sachs Group decreased their price target 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. TD Cowen decreased their price target on shares of Cohu from $36.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, November 1st. StockNews.com downgraded shares of Cohu from a “hold” rating to a “sell” rating in a research note on Friday, August 2nd. Finally, Craig Hallum upgraded shares of Cohu from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Cohu has an average rating of “Hold” and an average target price of $31.50.

Insider Transactions at Cohu

In other news, Director Nina Richardson sold 4,999 shares of Cohu 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 directly owns 28,313 shares of the company’s stock, valued at $683,475.82. The trade was a 15.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. In the last quarter, insiders sold 5,599 shares of company stock worth $135,850. 2.70% of the stock is currently owned by insiders.

Cohu Stock Up 0.5 %

Shares of NASDAQ:COHU opened at $25.98 on Friday. The company has a market capitalization of $1.21 billion, a PE ratio of -24.06 and a beta of 1.52. 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 twelve month low of $22.80 and a twelve month high of $36.60. The firm has a 50 day simple moving average of $25.71 and a 200-day simple moving average of $28.24.

Cohu (NASDAQ:COHU) last issued its quarterly earnings data 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). The company had revenue of $95.30 million for the quarter, compared to analysts’ expectations of $95.75 million. Cohu had a negative return on equity of 1.01% and a negative net margin of 11.35%. The firm’s quarterly revenue was down 36.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.27 EPS. On average, equities analysts predict that Cohu, Inc. will post -0.46 EPS for the current fiscal year.

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.