Kovack Advisors Inc. Has $1.23 Million Stake in Cohu, Inc. (NASDAQ:COHU)

Kovack Advisors Inc. increased its position in shares of Cohu, Inc. (NASDAQ:COHU) by 49.2% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 47,687 shares of the semiconductor company’s stock after purchasing an additional 15,725 shares during the period. Kovack Advisors Inc. owned approximately 0.10% of Cohu worth $1,226,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also added to or reduced their stakes in COHU. Tributary Capital Management LLC bought a new position in Cohu during the second quarter worth about $11,781,000. Bank of New York Mellon Corp increased its holdings in shares of Cohu by 54.7% during the second 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. Victory Capital Management Inc. raised 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 buying an additional 224,022 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Cohu by 3.3% in the first 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. Finally, Assenagon Asset Management S.A. grew its position in Cohu by 286.1% during the third quarter. Assenagon Asset Management S.A. now owns 107,817 shares of the semiconductor company’s stock worth $2,771,000 after buying an additional 79,890 shares in the last quarter. 94.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

COHU has been the subject of several analyst reports. StockNews.com cut Cohu from a “hold” rating to a “sell” rating in a report on Friday, August 2nd. 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 research report on Friday, November 1st. Craig Hallum upgraded shares of Cohu from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Friday, November 1st. The Goldman Sachs Group cut their price target on shares of Cohu from $26.00 to $23.00 and set a “sell” rating for the company in a report on Friday, November 1st. Finally, Needham & Company LLC lifted their price objective on shares of Cohu from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Cohu presently has a consensus rating of “Hold” and an average price target of $31.50.

Cohu Trading Down 4.0 %

COHU opened at $25.87 on Thursday. The company has a market cap of $1.21 billion, a P/E ratio of -23.95 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 $25.40 and its 200-day moving average is $28.51. Cohu, Inc. has a 1-year low of $22.80 and a 1-year high of $36.60.

Cohu (NASDAQ:COHU) last posted its earnings results on Thursday, October 31st. The semiconductor company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates 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 company 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 firm posted $0.27 EPS. The business’s quarterly revenue was down 36.8% compared to the same quarter last year. Equities research analysts predict that Cohu, Inc. will post -0.46 earnings per share for the current fiscal year.

Insider Activity

In other Cohu news, Director Nina Richardson sold 4,999 shares of the company’s stock in a transaction that occurred on Thursday, October 10th. The shares were 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 directly owns 28,313 shares in the company, valued at approximately $683,475.82. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Over the last three months, insiders have sold 5,599 shares of company stock valued at $135,850. 2.70% of the stock is currently owned by corporate insiders.

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.