Jane Street Group LLC Boosts Holdings in Cohu, Inc. (NASDAQ:COHU)

Jane Street Group LLC boosted its stake in Cohu, Inc. (NASDAQ:COHU) by 25.9% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 66,412 shares of the semiconductor company’s stock after acquiring an additional 13,668 shares during the period. Jane Street Group LLC owned 0.14% of Cohu worth $1,707,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in COHU. Signaturefd LLC raised its holdings in shares of Cohu by 1,256.3% in the 2nd quarter. Signaturefd LLC now owns 868 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 804 shares during the period. First Horizon Advisors Inc. raised its stake in shares of Cohu by 49.2% in the third quarter. First Horizon Advisors Inc. now owns 1,622 shares of the semiconductor company’s stock valued at $42,000 after buying an additional 535 shares during the period. US Bancorp DE lifted its position in shares of Cohu by 59.7% during the 3rd quarter. US Bancorp DE now owns 8,823 shares of the semiconductor company’s stock valued at $227,000 after buying an additional 3,297 shares during the last quarter. F M Investments LLC bought a new position in shares of Cohu during the 2nd quarter worth $250,000. Finally, GSA Capital Partners LLP increased its holdings in Cohu by 34.3% in the 3rd quarter. GSA Capital Partners LLP now owns 9,922 shares of the semiconductor company’s stock worth $255,000 after acquiring an additional 2,532 shares during the last quarter. 94.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on COHU shares. 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 decreased their price objective on Cohu from $26.00 to $23.00 and set a “sell” rating on the stock in a research note on Friday, November 1st. Needham & Company LLC raised their target price on Cohu from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Finally, TD Cowen decreased their price target on Cohu from $36.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Two 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 stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $31.50.

Insiders Place Their Bets

In related news, Director Nina Richardson sold 4,999 shares of Cohu stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $24.14, for a total transaction of $120,675.86. Following the transaction, the director now directly owns 28,313 shares in the company, valued at approximately $683,475.82. The trade was a 15.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In the last quarter, insiders sold 5,599 shares of company stock valued at $136,724. Company insiders own 2.70% of the company’s stock.

Cohu Stock Performance

Shares of Cohu stock opened at $26.83 on Thursday. The business has a fifty day simple moving average of $26.41 and a two-hundred day simple moving average of $27.64. The firm has a market capitalization of $1.25 billion, a P/E ratio of -24.84 and a beta of 1.51. 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.

Cohu (NASDAQ:COHU) last issued 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 return on equity of 1.01% and a negative net margin of 11.35%. The company had revenue of $95.30 million during the quarter, compared to the consensus estimate of $95.75 million. During the same period in the prior year, the firm earned $0.27 earnings per share. The business’s revenue for the quarter was down 36.8% compared to the same quarter last year. On average, equities analysts forecast that Cohu, Inc. will post -0.46 earnings per share for the current fiscal year.

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.