Franklin Resources Inc. Grows Holdings in Cohu, Inc. (NASDAQ:COHU)

Franklin Resources Inc. grew its position in Cohu, Inc. (NASDAQ:COHU) by 25.9% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,145,692 shares of the semiconductor company’s stock after purchasing an additional 647,828 shares during the quarter. Franklin Resources Inc. owned approximately 6.75% of Cohu worth $82,134,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Meros Investment Management LP purchased a new position in Cohu in the 3rd quarter worth approximately $257,000. Geode Capital Management LLC boosted its position in shares of Cohu by 0.9% during the third quarter. Geode Capital Management LLC now owns 1,114,394 shares of the semiconductor company’s stock worth $28,645,000 after acquiring an additional 9,563 shares during the last quarter. Barclays PLC grew its stake in Cohu by 331.6% during the third quarter. Barclays PLC now owns 77,600 shares of the semiconductor company’s stock valued at $1,994,000 after acquiring an additional 59,622 shares in the last quarter. First National Bank of Omaha increased its holdings in Cohu by 63.0% in the 3rd quarter. First National Bank of Omaha now owns 17,777 shares of the semiconductor company’s stock valued at $457,000 after acquiring an additional 6,873 shares during the last quarter. Finally, Dean Investment Associates LLC lifted its stake in Cohu by 131.2% in the 3rd quarter. Dean Investment Associates LLC now owns 96,815 shares of the semiconductor company’s stock worth $2,488,000 after purchasing an additional 54,937 shares in the last quarter. 94.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on COHU shares. Needham & Company LLC lifted their target price on Cohu from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, November 1st. The Goldman Sachs Group reduced their price objective on Cohu from $26.00 to $23.00 and set a “sell” rating on the stock in a research note on Friday, November 1st. Craig Hallum upgraded Cohu from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research report on Friday, November 1st. Finally, TD Cowen decreased their price target on shares of Cohu from $36.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $31.50.

Cohu Trading Up 2.2 %

COHU stock opened at $27.75 on Tuesday. Cohu, Inc. has a twelve month low of $22.80 and a twelve month high of $36.60. The stock has a market capitalization of $1.29 billion, a price-to-earnings ratio of -25.69 and a beta of 1.51. The company has a quick ratio of 4.69, a current ratio of 6.38 and a debt-to-equity ratio of 0.01. The firm’s fifty day simple moving average is $26.24 and its two-hundred day simple moving average is $27.90.

Cohu (NASDAQ:COHU) last posted its quarterly earnings data 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 firm had revenue of $95.30 million during the quarter, compared to analysts’ expectations of $95.75 million. During the same period last year, the company earned $0.27 earnings per share. The business’s revenue for the quarter was down 36.8% compared to the same quarter last year. As a group, analysts anticipate that Cohu, Inc. will post -0.46 earnings per share for the current year.

Insider Activity at Cohu

In other news, Director Nina Richardson sold 4,999 shares of the business’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $24.14, for a total transaction of $120,675.86. Following the completion of the sale, the director now directly owns 28,313 shares of the company’s stock, valued at approximately $683,475.82. The trade was a 15.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders sold a total of 5,599 shares of company stock worth $136,724 in the last quarter. 2.70% of the stock is owned by company insiders.

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.