First Horizon Advisors Inc. Purchases 535 Shares of Cohu, Inc. (NASDAQ:COHU)

First Horizon Advisors Inc. grew its position in shares of Cohu, Inc. (NASDAQ:COHU) by 49.2% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 1,622 shares of the semiconductor company’s stock after buying an additional 535 shares during the quarter. First Horizon Advisors Inc.’s holdings in Cohu were worth $42,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. International Assets Investment Management LLC acquired a new position in Cohu during the 3rd quarter worth about $528,000. Creative Planning lifted its position in shares of Cohu by 219.4% during the third quarter. Creative Planning now owns 27,237 shares of the semiconductor company’s stock worth $700,000 after purchasing an additional 18,709 shares in the last quarter. 272 Capital LP lifted its position in shares of Cohu by 137.9% during the second quarter. 272 Capital LP now owns 58,654 shares of the semiconductor company’s stock worth $1,941,000 after purchasing an additional 34,000 shares in the last quarter. Assenagon Asset Management S.A. grew its stake in shares of Cohu by 286.1% during the third quarter. Assenagon Asset Management S.A. now owns 107,817 shares of the semiconductor company’s stock valued at $2,771,000 after purchasing an additional 79,890 shares during the last quarter. Finally, Victory Capital Management Inc. raised its position in Cohu by 7.1% in the 3rd quarter. Victory Capital Management Inc. now owns 3,358,288 shares of the semiconductor company’s stock worth $86,308,000 after purchasing an additional 224,022 shares during the last quarter. Institutional investors and hedge funds own 94.67% of the company’s stock.

Insider Transactions at Cohu

In other news, Director Nina Richardson sold 4,999 shares of the firm’s stock in a transaction dated 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 $683,475.82. This trade represents a 15.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 Price Performance

Shares of COHU opened at $27.07 on Tuesday. The stock has a market cap of $1.26 billion, a P/E ratio of -25.06 and a beta of 1.52. Cohu, Inc. has a 1 year low of $22.80 and a 1 year high of $36.60. The stock’s 50-day moving average price is $25.66 and its two-hundred day moving average price is $28.28. 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 (NASDAQ:COHU) 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). Cohu had a negative return on equity of 1.01% and a negative net margin of 11.35%. The firm had revenue of $95.30 million for the quarter, compared to the consensus estimate of $95.75 million. During the same period in the previous year, the business earned $0.27 EPS. The firm’s revenue was down 36.8% compared to the same quarter last year. On average, equities analysts predict that Cohu, Inc. will post -0.46 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of research analysts have commented on COHU shares. Craig Hallum upgraded Cohu from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research report on Friday, November 1st. The Goldman Sachs Group lowered their price objective on Cohu from $26.00 to $23.00 and set a “sell” rating for the company in a research report on Friday, November 1st. Needham & Company LLC boosted their price objective on Cohu from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, November 1st. TD Cowen reduced their target price on shares of Cohu from $36.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Finally, StockNews.com downgraded shares of Cohu from a “hold” rating to a “sell” rating in a research note on Friday, August 2nd. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $31.50.

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.