Foundry Partners LLC Acquires 3,715 Shares of Cohu, Inc. (NASDAQ:COHU)

Foundry Partners LLC raised its holdings in Cohu, Inc. (NASDAQ:COHU) by 37.4% during the third quarter, Holdings Channel.com reports. The institutional investor owned 13,646 shares of the semiconductor company’s stock after buying an additional 3,715 shares during the quarter. Foundry Partners LLC’s holdings in Cohu were worth $351,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the business. Russell Investments Group Ltd. increased its position in Cohu by 30.9% during the 1st quarter. Russell Investments Group Ltd. now owns 47,622 shares of the semiconductor company’s stock valued at $1,587,000 after purchasing an additional 11,249 shares during the period. ProShare Advisors LLC raised its stake in Cohu by 7.4% in the first quarter. ProShare Advisors LLC now owns 9,433 shares of the semiconductor company’s stock worth $314,000 after buying an additional 649 shares in the last quarter. Vanguard Group Inc. lifted its holdings in Cohu by 3.3% in the first quarter. Vanguard Group Inc. now owns 4,303,097 shares of the semiconductor company’s stock worth $143,422,000 after buying an additional 137,475 shares during the period. UniSuper Management Pty Ltd bought a new stake in Cohu during the 1st quarter valued at approximately $364,000. Finally, CANADA LIFE ASSURANCE Co grew its holdings in shares of Cohu by 8.6% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 61,409 shares of the semiconductor company’s stock worth $2,048,000 after acquiring an additional 4,861 shares during the period. 94.67% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at Cohu

In other news, Director Nina Richardson sold 4,999 shares of Cohu 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 sale, the director now directly owns 28,313 shares in the company, valued at $683,475.82. The trade was a 15.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. Insiders sold 5,599 shares of company stock worth $135,850 over the last quarter. 2.70% of the stock is currently owned by insiders.

Cohu Stock Performance

Shares of COHU stock opened at $26.65 on Friday. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of -24.68 and a beta of 1.52. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.69 and a current ratio of 6.38. Cohu, Inc. has a one year low of $22.80 and a one year high of $36.60. The company’s 50-day moving average is $25.61 and its 200 day moving average is $28.31.

Cohu (NASDAQ:COHU) last announced its quarterly earnings results on Thursday, October 31st. The semiconductor company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.02). The firm had revenue of $95.30 million for the quarter, compared to the consensus estimate of $95.75 million. Cohu had a negative net margin of 11.35% and a negative return on equity of 1.01%. Cohu’s revenue was down 36.8% on a year-over-year basis. During the same period last year, the business earned $0.27 EPS. Sell-side analysts expect that Cohu, Inc. will post -0.46 EPS for the current fiscal year.

Wall Street Analyst Weigh In

COHU has been the topic of several research reports. The Goldman Sachs Group dropped their price target on Cohu from $26.00 to $23.00 and set a “sell” rating on the stock in a research report on Friday, November 1st. TD Cowen dropped their target price on shares of Cohu from $36.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Needham & Company LLC increased their price target on shares of Cohu from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Craig Hallum raised shares of Cohu from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Friday, November 1st. Finally, StockNews.com downgraded shares of Cohu from a “hold” rating to a “sell” rating in a research note on Friday, August 2nd. Two analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $31.50.

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.