Barclays PLC Acquires 59,622 Shares of Cohu, Inc. (NASDAQ:COHU)

Barclays PLC boosted its stake in shares of Cohu, Inc. (NASDAQ:COHUFree Report) by 331.6% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 77,600 shares of the semiconductor company’s stock after purchasing an additional 59,622 shares during the quarter. Barclays PLC owned about 0.17% of Cohu worth $1,994,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Bank of New York Mellon Corp grew its stake 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 buying an additional 320,234 shares during the last quarter. Victory Capital Management Inc. grew its position in shares of Cohu by 7.1% in the third quarter. Victory Capital Management Inc. now owns 3,358,288 shares of the semiconductor company’s stock valued at $86,308,000 after purchasing an additional 224,022 shares during the last quarter. Royce & Associates LP increased its stake in shares of Cohu by 21.4% during the third quarter. Royce & Associates LP now owns 1,126,789 shares of the semiconductor company’s stock worth $28,958,000 after purchasing an additional 198,849 shares during the period. Tributary Capital Management LLC lifted its holdings in Cohu by 46.4% during the 3rd 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 during the last quarter. Finally, Thrivent Financial for Lutherans grew its holdings in Cohu by 11.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,462,410 shares of the semiconductor company’s stock valued at $37,584,000 after buying an additional 152,574 shares in the last quarter. 94.67% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Cohu

In other Cohu news, Director Nina Richardson sold 4,999 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 28,313 shares of the company’s stock, valued at $683,475.82. This represents a 15.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last three months, insiders have sold 5,599 shares of company stock valued at $136,724. 2.70% of the stock is owned by insiders.

Cohu Stock Up 2.3 %

Shares of COHU opened at $27.45 on Friday. The firm has a 50 day simple moving average of $26.46 and a two-hundred day simple moving average of $27.63. The company has a market cap of $1.28 billion, a P/E ratio of -25.42 and a beta of 1.51. Cohu, Inc. has a one year low of $22.80 and a one year high of $36.60. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.38 and a quick ratio of 4.69.

Cohu (NASDAQ:COHUGet Free Report) last released 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 business 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 quarterly revenue was down 36.8% compared to the same quarter last year. During the same period last year, the business earned $0.27 earnings per share. Research analysts forecast that Cohu, Inc. will post -0.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

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

Get Our Latest Stock Report on Cohu

Cohu Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Cohu (NASDAQ:COHU)

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