Cohu, Inc. (NASDAQ:COHU) Shares Acquired by Keeley Teton Advisors LLC

Keeley Teton Advisors LLC grew its stake in Cohu, Inc. (NASDAQ:COHU) by 14.1% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 35,945 shares of the semiconductor company’s stock after purchasing an additional 4,444 shares during the period. Keeley Teton Advisors LLC’s holdings in Cohu were worth $1,198,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also modified their holdings of the company. Inspire Advisors LLC acquired a new position in shares of Cohu in the 1st quarter valued at about $755,000. Vanguard Group Inc. increased its stake in shares of Cohu by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 4,165,622 shares of the semiconductor company’s stock valued at $147,421,000 after purchasing an additional 59,716 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in shares of Cohu by 8.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 502,566 shares of the semiconductor company’s stock valued at $17,786,000 after purchasing an additional 39,446 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of Cohu by 111.0% in the 1st quarter. BNP Paribas Financial Markets now owns 39,061 shares of the semiconductor company’s stock valued at $1,302,000 after purchasing an additional 20,549 shares in the last quarter. Finally, Sei Investments Co. increased its stake in shares of Cohu by 11.2% in the 1st quarter. Sei Investments Co. now owns 160,259 shares of the semiconductor company’s stock valued at $5,341,000 after purchasing an additional 16,159 shares in the last quarter. Institutional investors and hedge funds own 94.67% of the company’s stock.

Analyst Upgrades and Downgrades

COHU has been the subject of several recent analyst reports. Craig Hallum cut their price target on Cohu from $35.00 to $30.00 and set a “hold” rating for the company in a research note on Friday, May 3rd. Needham & Company LLC cut their price objective on Cohu from $36.00 to $34.00 and set a “buy” rating for the company in a research note on Monday, May 6th. TD Cowen lowered their target price on Cohu from $40.00 to $36.00 and set a “buy” rating on the stock in a report on Friday, May 3rd. 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. Finally, B. Riley lowered their target price on Cohu from $45.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, May 3rd. Three investment analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Cohu currently has a consensus rating of “Moderate Buy” and an average target price of $37.33.

Cohu Trading Up 0.9 %

COHU traded up $0.29 during trading hours on Friday, reaching $31.34. The company’s stock had a trading volume of 292,267 shares, compared to its average volume of 272,794. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.29 and a quick ratio of 4.63. The business’s 50-day moving average is $32.44 and its 200-day moving average is $31.97. Cohu, Inc. has a fifty-two week low of $28.57 and a fifty-two week high of $43.99. The stock has a market cap of $1.48 billion, a PE ratio of -626.80 and a beta of 1.58.

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

Insiders Place Their Bets

In other news, SVP Christopher Bohrson sold 2,000 shares of the company’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $30.00, for a total transaction of $60,000.00. Following the sale, the senior vice president now owns 130,339 shares of the company’s stock, valued at $3,910,170. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, SVP Christopher Bohrson sold 2,000 shares of the company’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $30.00, for a total transaction of $60,000.00. Following the sale, the senior vice president now owns 130,339 shares of the company’s stock, valued at $3,910,170. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William Bendush sold 2,591 shares of the company’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $29.83, for a total value of $77,289.53. Following the sale, the director now directly owns 36,662 shares in the company, valued at approximately $1,093,627.46. The disclosure for this sale can be found here. Insiders have sold 10,091 shares of company stock worth $298,755 over the last ninety days. Corporate insiders own 2.70% of the company’s stock.

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.