Cohu, Inc. (NASDAQ:COHU) Shares Acquired by Orion Portfolio Solutions LLC

Orion Portfolio Solutions LLC increased its position in shares of Cohu, Inc. (NASDAQ:COHU) by 3.2% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 36,725 shares of the semiconductor company’s stock after buying an additional 1,141 shares during the quarter. Orion Portfolio Solutions LLC owned about 0.08% of Cohu worth $944,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. Mackenzie Financial Corp boosted its stake in Cohu by 5.6% during the second quarter. Mackenzie Financial Corp now owns 7,939 shares of the semiconductor company’s stock worth $263,000 after buying an additional 419 shares during the period. Oak Associates Ltd. OH boosted its position in shares of Cohu by 0.6% during the 2nd quarter. Oak Associates Ltd. OH now owns 83,704 shares of the semiconductor company’s stock worth $2,771,000 after purchasing an additional 521 shares during the period. First Horizon Advisors Inc. increased its holdings in Cohu by 49.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,622 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 535 shares during the last quarter. Signaturefd LLC raised its position in Cohu by 1,256.3% in the second quarter. Signaturefd LLC now owns 868 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 804 shares during the period. Finally, CWM LLC raised its position in Cohu by 158.1% in the second quarter. CWM LLC now owns 1,533 shares of the semiconductor company’s stock valued at $51,000 after purchasing an additional 939 shares during the period. 94.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have recently commented on COHU. TD Cowen lowered their price target on Cohu from $36.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, November 1st. The Goldman Sachs Group lowered their target price on Cohu from $26.00 to $23.00 and set a “sell” rating for the company in a 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 target on the stock in a research note on Friday, November 1st. Finally, Needham & Company LLC raised 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 assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $31.50.

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 approximately $683,475.82. This trade represents a 15.01 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In the last three months, insiders sold 5,599 shares of company stock valued at $136,724. Insiders own 2.70% of the company’s stock.

Cohu Stock Performance

Shares of COHU opened at $27.16 on Monday. Cohu, Inc. has a 1 year low of $22.80 and a 1 year high of $36.60. The stock has a market capitalization of $1.27 billion, a PE ratio of -25.15 and a beta of 1.51. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.69 and a current ratio of 6.38. The stock has a 50-day simple moving average of $26.18 and a 200-day simple moving average of $27.93.

Cohu (NASDAQ:COHU) last issued its quarterly 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). 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 during the quarter, compared to analysts’ expectations of $95.75 million. During the same quarter in the prior year, the firm earned $0.27 EPS. The firm’s revenue was down 36.8% compared to the same quarter last year. On average, analysts predict that Cohu, Inc. will post -0.46 earnings per share for the current fiscal year.

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.