MQS Management LLC Takes $453,000 Position in Cohu, Inc. (NASDAQ:COHU)

MQS Management LLC acquired a new position in shares of Cohu, Inc. (NASDAQ:COHU) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 13,594 shares of the semiconductor company’s stock, valued at approximately $453,000.

Other large investors have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Cohu by 7.8% during the 3rd quarter. Vanguard Group Inc. now owns 4,105,906 shares of the semiconductor company’s stock worth $141,407,000 after acquiring an additional 295,456 shares during the last quarter. Pacer Advisors Inc. raised its position in Cohu by 61.3% during the 4th quarter. Pacer Advisors Inc. now owns 751,039 shares of the semiconductor company’s stock worth $26,579,000 after purchasing an additional 285,537 shares during the last quarter. Franklin Resources Inc. lifted its holdings in Cohu by 8.4% during the 4th quarter. Franklin Resources Inc. now owns 2,782,650 shares of the semiconductor company’s stock worth $98,478,000 after buying an additional 215,153 shares during the period. Victory Capital Management Inc. grew its position in shares of Cohu by 3.5% in the 4th quarter. Victory Capital Management Inc. now owns 2,977,319 shares of the semiconductor company’s stock valued at $105,367,000 after buying an additional 100,388 shares during the last quarter. Finally, Dimensional Fund Advisors LP increased its stake in shares of Cohu by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,064,004 shares of the semiconductor company’s stock valued at $108,438,000 after buying an additional 60,964 shares during the period. 94.67% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, SVP Christopher Bohrson sold 2,000 shares of the company’s stock in a transaction on Wednesday, May 22nd. The shares were sold at an average price of $30.00, for a total value of $60,000.00. Following the completion of the sale, the senior vice president now owns 130,339 shares in the company, valued at approximately $3,910,170. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In related news, VP Thomas D. Kampfer sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, May 15th. The shares were sold at an average price of $29.43, for a total transaction of $88,290.00. Following the completion of the sale, the vice president now owns 51,442 shares in the company, valued at $1,513,938.06. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Christopher Bohrson sold 2,000 shares of the stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $30.00, for a total transaction of $60,000.00. Following the transaction, the senior vice president now directly owns 130,339 shares of the company’s stock, valued at $3,910,170. The disclosure for this sale can be found here. Insiders have sold 10,091 shares of company stock worth $298,755 in the last quarter. Insiders own 2.70% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts recently commented on the company. Citigroup cut Cohu from a “buy” rating to a “neutral” rating and set a $36.00 target price on the stock. in a report on Monday, July 15th. Needham & Company LLC decreased their price objective on shares of Cohu from $36.00 to $34.00 and set a “buy” rating for the company in a research report on Monday, May 6th. B. Riley dropped their target price on shares of Cohu from $45.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, May 3rd. TD Cowen decreased their price target on Cohu from $40.00 to $36.00 and set a “buy” rating for the company in a report on Friday, May 3rd. Finally, Craig Hallum cut their target price on Cohu from $35.00 to $30.00 and set a “hold” rating on the stock in a research report on Friday, May 3rd. Three equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $37.33.

Cohu Stock Down 1.2 %

Cohu stock traded down $0.38 during midday trading on Thursday, reaching $31.05. The stock had a trading volume of 330,450 shares, compared to its average volume of 290,518. The company has a fifty day moving average price of $32.41 and a two-hundred day moving average price of $32.00. The company has a market capitalization of $1.46 billion, a P/E ratio of -621.00 and a beta of 1.58. The company has a current ratio of 6.29, a quick ratio of 4.63 and a debt-to-equity ratio of 0.01. Cohu, Inc. has a 12 month low of $28.57 and a 12 month high of $43.99.

Cohu (NASDAQ:COHU) last issued its earnings results on Thursday, May 2nd. The semiconductor company reported ($0.06) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. The company had revenue of $107.61 million for the quarter, compared to analyst estimates of $107.00 million. Cohu had a positive return on equity of 3.91% and a negative net margin of 0.38%. As a group, equities analysts expect that Cohu, Inc. will post -0.07 EPS for the current fiscal year.

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.