Cohu, Inc. (NASDAQ:COHU) Shares Sold by Natixis Advisors LLC

Natixis Advisors LLC reduced its position in Cohu, Inc. (NASDAQ:COHU) by 41.5% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 14,714 shares of the semiconductor company’s stock after selling 10,441 shares during the quarter. Natixis Advisors LLC’s holdings in Cohu were worth $378,000 as of its most recent filing with the SEC.

Several other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. increased its stake in Cohu by 3.3% in the 1st quarter. Vanguard Group Inc. now owns 4,303,097 shares of the semiconductor company’s stock valued at $143,422,000 after buying an additional 137,475 shares during the period. Victory Capital Management Inc. grew its stake in shares of Cohu by 7.1% during 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 period. Dimensional Fund Advisors LP grew its stake in shares of 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 purchasing an additional 51,640 shares during the period. Royce & Associates LP grew its stake in shares of Cohu by 21.4% during the 3rd 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. Finally, Bank of New York Mellon Corp grew its stake in shares of Cohu by 54.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 905,309 shares of the semiconductor company’s stock worth $29,966,000 after purchasing an additional 320,234 shares during the period. 94.67% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Cohu

In other news, Director Nina Richardson sold 4,999 shares of the company’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $24.14, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is available through this link. In the last ninety days, insiders have sold 5,599 shares of company stock worth $135,850. Corporate insiders own 2.70% of the company’s stock.

Cohu Price Performance

NASDAQ:COHU opened at $25.98 on Friday. The firm has a market cap of $1.21 billion, a price-to-earnings ratio of -24.06 and a beta of 1.52. The company has a current ratio of 6.38, a quick ratio of 4.69 and a debt-to-equity ratio of 0.01. The company’s 50-day moving average is $25.71 and its two-hundred day moving average is $28.24. Cohu, Inc. has a 12-month low of $22.80 and a 12-month high of $36.60.

Cohu (NASDAQ:COHU) last released its earnings results on Thursday, October 31st. The semiconductor company reported ($0.17) earnings per share (EPS) 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 analysts’ expectations of $95.75 million. Cohu had a negative net margin of 11.35% and a negative return on equity of 1.01%. Cohu’s revenue for the quarter was down 36.8% on a year-over-year basis. During the same quarter last year, the company posted $0.27 earnings per share. Research analysts expect that Cohu, Inc. will post -0.46 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on COHU. Needham & Company LLC upped their price target on shares of Cohu from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. TD Cowen lowered their price target 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. Craig Hallum raised shares of Cohu from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Friday, November 1st. StockNews.com lowered shares of Cohu from a “hold” rating to a “sell” rating in a research report on Friday, August 2nd. Finally, The Goldman Sachs Group decreased their price objective on shares of Cohu from $26.00 to $23.00 and set a “sell” rating on the stock in a research report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Cohu has a consensus rating of “Hold” and an average price target 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.