Cohu, Inc. (NASDAQ:COHU) Shares Sold by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System reduced its holdings in Cohu, Inc. (NASDAQ:COHU) by 4.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,700 shares of the semiconductor company’s stock after selling 1,000 shares during the quarter. Louisiana State Employees Retirement System’s holdings in Cohu were worth $583,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of COHU. Signaturefd LLC lifted 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 valued at $29,000 after buying an additional 804 shares during the period. First Horizon Advisors Inc. lifted its holdings 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 valued at $36,000 after buying an additional 922 shares during the period. CWM LLC lifted its holdings 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 buying an additional 939 shares during the period. 1620 Investment Advisors Inc. acquired a new stake in shares of Cohu in the 2nd quarter valued at approximately $97,000. Finally, Perkins Coie Trust Co acquired a new stake in shares of Cohu in the 2nd quarter valued at approximately $132,000. 94.67% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

COHU has been the subject of several recent analyst reports. Needham & Company LLC raised their price target on Cohu from $27.00 to $30.00 and gave the company a “buy” rating 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 report on Friday, November 1st. Citigroup cut Cohu from a “buy” rating to a “neutral” rating and set a $36.00 price objective for the company. in a report on Monday, July 15th. Craig Hallum raised Cohu from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Friday, November 1st. Finally, The Goldman Sachs Group reduced their price objective on Cohu from $26.00 to $23.00 and set a “sell” rating for the company in a report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $31.50.

Cohu Stock Performance

Cohu stock opened at $27.55 on Wednesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.69 and a current ratio of 6.38. The stock has a fifty day moving average of $25.18 and a two-hundred day moving average of $28.62. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of -25.51 and a beta of 1.52. Cohu, Inc. has a fifty-two week low of $22.80 and a fifty-two week high of $36.60.

Cohu (NASDAQ:COHU) last released 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). 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 business’s quarterly revenue was down 36.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.27 EPS. On average, analysts anticipate that Cohu, Inc. will post -0.41 EPS for the current fiscal year.

Insiders Place Their Bets

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 0.00 % 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. Over the last 90 days, insiders sold 5,399 shares of company stock valued at $130,204. Corporate insiders own 2.70% of the company’s stock.

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.