Systematic Financial Management LP Purchases 78,037 Shares of Cohu, Inc. (NASDAQ:COHU)

Systematic Financial Management LP boosted its holdings in shares of Cohu, Inc. (NASDAQ:COHU) by 9.7% during the 3rd quarter, Holdings Channel.com reports. The fund owned 885,347 shares of the semiconductor company’s stock after purchasing an additional 78,037 shares during the period. Systematic Financial Management LP’s holdings in Cohu were worth $22,753,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Signaturefd LLC increased its stake in shares of Cohu by 1,256.3% during the 2nd quarter. Signaturefd LLC now owns 868 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 804 shares during the last quarter. First Horizon Advisors Inc. boosted its holdings in Cohu by 558.8% in the second quarter. First Horizon Advisors Inc. now owns 1,087 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 922 shares in the last quarter. CWM LLC increased its position in Cohu by 158.1% during the second quarter. CWM LLC now owns 1,533 shares of the semiconductor company’s stock worth $51,000 after buying an additional 939 shares during the last quarter. 1620 Investment Advisors Inc. bought a new position in Cohu during the second quarter valued at about $97,000. Finally, Perkins Coie Trust Co acquired a new stake in shares of Cohu in the second quarter worth about $132,000. 94.67% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other Cohu news, Director Nina Richardson sold 4,999 shares of Cohu 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 sale, the director now 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders have sold 5,599 shares of company stock worth $135,850 over the last 90 days. Corporate insiders own 2.70% of the company’s stock.

Cohu Stock Down 0.9 %

NASDAQ COHU opened at $26.80 on Thursday. The company’s fifty day moving average is $25.87 and its two-hundred day moving average is $28.15. Cohu, Inc. has a 52-week low of $22.80 and a 52-week high of $36.60. 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 (NASDAQ:COHU) last issued its earnings results on Thursday, October 31st. The semiconductor company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.02). Cohu had a negative net margin of 11.35% and a negative return on equity of 1.01%. The firm had revenue of $95.30 million during the quarter, compared to analyst estimates of $95.75 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. The business’s revenue for the quarter was down 36.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Cohu, Inc. will post -0.46 earnings per share for the current year.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on COHU shares. TD Cowen cut their price objective on Cohu from $36.00 to $30.00 and set a “buy” rating on the stock in a research note 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 for the company in a report on Friday, November 1st. The Goldman Sachs Group dropped 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. Finally, Needham & Company LLC boosted their price objective on Cohu from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Two research 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. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus 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.