Principal Financial Group Inc. Has $5.68 Million Stake in Cohu, Inc. (NASDAQ:COHU)

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

Other large investors have also bought and sold shares of the company. Vanguard Group Inc. boosted its stake in Cohu by 3.3% in the first quarter. Vanguard Group Inc. now owns 4,303,097 shares of the semiconductor company’s stock worth $143,422,000 after purchasing an additional 137,475 shares in the last quarter. Dimensional Fund Advisors LP grew its holdings in Cohu by 1.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,161,347 shares of the semiconductor company’s stock worth $104,638,000 after acquiring an additional 51,640 shares during the last quarter. Bank of New York Mellon Corp increased its position in Cohu by 54.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 905,309 shares of the semiconductor company’s stock valued at $29,966,000 after acquiring an additional 320,234 shares in the last quarter. Divisar Capital Management LLC raised its stake in shares of Cohu by 5.9% in the second quarter. Divisar Capital Management LLC now owns 540,183 shares of the semiconductor company’s stock worth $17,880,000 after acquiring an additional 30,000 shares during the last quarter. Finally, Tributary Capital Management LLC lifted its position in shares of Cohu by 46.4% during the third quarter. Tributary Capital Management LLC now owns 521,047 shares of the semiconductor company’s stock worth $13,391,000 after purchasing an additional 165,135 shares in the last quarter. 94.67% of the stock is currently owned by institutional investors.

Insider Transactions at Cohu

In related news, Director Nina Richardson sold 4,999 shares of the firm’s 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 sale, the director now owns 28,313 shares of the company’s stock, valued at approximately $683,475.82. This trade represents a 15.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Insiders have sold a total of 5,599 shares of company stock valued at $135,850 over the last three months. 2.70% of the stock is currently owned by corporate insiders.

Cohu Trading Up 0.7 %

NASDAQ:COHU opened at $25.53 on Thursday. 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 1-year low of $22.80 and a 1-year high of $36.60. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of -23.64 and a beta of 1.52. The business’s 50-day moving average price is $25.54 and its two-hundred day moving average price is $28.34.

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

Wall Street Analysts Forecast Growth

A number of analysts recently weighed in on the stock. Craig Hallum raised shares of Cohu from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a report on Friday, November 1st. TD Cowen dropped their target price on Cohu from $36.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, November 1st. The Goldman Sachs Group cut their price target 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 lifted their price objective on Cohu from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Finally, StockNews.com downgraded shares of 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 company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average 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.