Kovack Advisors Inc. Sells 4,998 Shares of Cohu, Inc. (NASDAQ:COHU)

Kovack Advisors Inc. lowered its stake in shares of Cohu, Inc. (NASDAQ:COHU) by 9.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 46,662 shares of the semiconductor company’s stock after selling 4,998 shares during the quarter. Kovack Advisors Inc.’s holdings in Cohu were worth $1,651,000 at the end of the most recent quarter.

Several other institutional investors have also bought and sold shares of COHU. Meeder Asset Management Inc. bought a new position in Cohu in the 4th quarter valued at $35,000. Teza Capital Management LLC bought a new position in Cohu in the 3rd quarter valued at $212,000. Altfest L J & Co. Inc. bought a new position in Cohu in the 4th quarter valued at $250,000. Inspire Investing LLC grew its stake in Cohu by 17.3% in the 3rd quarter. Inspire Investing LLC now owns 8,894 shares of the semiconductor company’s stock valued at $306,000 after purchasing an additional 1,313 shares during the period. Finally, TD Asset Management Inc lifted its position in shares of Cohu by 38.6% during the 3rd quarter. TD Asset Management Inc now owns 9,700 shares of the semiconductor company’s stock valued at $334,000 after buying an additional 2,700 shares during the last quarter. Institutional investors own 94.67% of the company’s stock.

Cohu Price Performance

Shares of NASDAQ:COHU traded up $0.24 on Friday, hitting $31.08. The company’s stock had a trading volume of 126,840 shares, compared to its average volume of 211,186. The company has a 50-day simple moving average of $31.55 and a 200 day simple moving average of $32.63. Cohu, Inc. has a 1 year low of $28.57 and a 1 year high of $43.99. The company has a market capitalization of $1.46 billion, a PE ratio of 52.68 and a beta of 1.52. The company has a debt-to-equity ratio of 0.04, a current ratio of 6.18 and a quick ratio of 4.67.

Cohu (NASDAQ:COHU) last released its quarterly earnings results on Thursday, February 15th. The semiconductor company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.01. Cohu had a return on equity of 6.73% and a net margin of 4.42%. The firm had revenue of $137.23 million for the quarter, compared to analysts’ expectations of $136.94 million. During the same quarter last year, the firm posted $0.63 EPS. The company’s revenue was down 28.2% compared to the same quarter last year. Sell-side analysts forecast that Cohu, Inc. will post 0.22 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of brokerages have recently commented on COHU. TD Cowen upped their price target on Cohu from $38.00 to $40.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. Needham & Company LLC reissued a “buy” rating and set a $36.00 price objective on shares of Cohu in a report on Friday, February 16th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Cohu currently has an average rating of “Moderate Buy” and an average price target of $43.50.

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.