Cohu, Inc. (NASDAQ:COHU) Shares Sold by Principal Financial Group Inc.

Principal Financial Group Inc. lessened its position in Cohu, Inc. (NASDAQ:COHU) by 4.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 221,111 shares of the semiconductor company’s stock after selling 11,075 shares during the period. Principal Financial Group Inc. owned approximately 0.47% of Cohu worth $5,683,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in COHU. 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 buying an additional 419 shares in the last quarter. Oak Associates Ltd. OH grew its stake in shares of Cohu by 0.6% during the 2nd quarter. Oak Associates Ltd. OH now owns 83,704 shares of the semiconductor company’s stock worth $2,771,000 after purchasing an additional 521 shares during the period. First Horizon Advisors Inc. increased its holdings in shares of Cohu by 49.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,622 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 535 shares in the last quarter. Signaturefd LLC lifted 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. Finally, Orion Portfolio Solutions LLC grew its position in Cohu by 3.2% during the third quarter. Orion Portfolio Solutions LLC now owns 36,725 shares of the semiconductor company’s stock worth $944,000 after buying an additional 1,141 shares during the period. Institutional investors and hedge funds own 94.67% of the company’s stock.

Cohu Stock Up 1.1 %

COHU opened at $26.70 on Thursday. The firm has a market cap of $1.24 billion, a P/E ratio of -24.72 and a beta of 1.51. The business’s fifty day simple moving average is $26.59 and its 200 day simple moving average is $27.47. Cohu, Inc. has a 52 week low of $22.80 and a 52 week high of $36.60. The company has a quick ratio of 4.69, a current ratio of 6.38 and a debt-to-equity ratio of 0.01.

Cohu (NASDAQ:COHU) last released its quarterly earnings results on Thursday, October 31st. The semiconductor company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.02). The firm had revenue of $95.30 million for the quarter, compared to analyst estimates of $95.75 million. Cohu had a negative return on equity of 1.01% and a negative net margin of 11.35%. Cohu’s revenue for the quarter was down 36.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.27 earnings per share. As a group, equities research analysts anticipate that Cohu, Inc. will post -0.46 EPS for the current fiscal year.

Insider Buying and Selling at Cohu

In other 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 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. The trade was 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 the SEC website. In the last three months, insiders sold 5,599 shares of company stock worth $136,724. Insiders own 2.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on COHU. The Goldman Sachs Group reduced their price target on shares of Cohu from $26.00 to $23.00 and set a “sell” rating for the company in a research report on Friday, November 1st. TD Cowen decreased their target price on Cohu from $36.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Craig Hallum upgraded Cohu from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Friday, November 1st. Finally, Needham & Company LLC boosted their price objective on shares of Cohu from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $31.50.

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.