Hantz Financial Services Inc. Lowers Stock Holdings in Cohu, Inc. (NASDAQ:COHU)

Hantz Financial Services Inc. lessened its position in Cohu, Inc. (NASDAQ:COHU) by 2.7% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 52,487 shares of the semiconductor company’s stock after selling 1,461 shares during the quarter. Hantz Financial Services Inc. owned approximately 0.11% of Cohu worth $1,349,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the company. Tributary Capital Management LLC purchased a new stake in Cohu during the second quarter worth about $11,781,000. Bank of New York Mellon Corp increased its stake in Cohu by 54.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 905,309 shares of the semiconductor company’s stock worth $29,966,000 after buying an additional 320,234 shares during the period. Victory Capital Management Inc. lifted its holdings in Cohu by 7.1% during the 3rd quarter. Victory Capital Management Inc. now owns 3,358,288 shares of the semiconductor company’s stock worth $86,308,000 after buying an additional 224,022 shares in the last quarter. Royce & Associates LP lifted its holdings in Cohu by 21.4% during the 3rd quarter. Royce & Associates LP now owns 1,126,789 shares of the semiconductor company’s stock worth $28,958,000 after buying an additional 198,849 shares in the last quarter. Finally, Thrivent Financial for Lutherans boosted its position in Cohu by 11.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,462,410 shares of the semiconductor company’s stock valued at $37,584,000 after buying an additional 152,574 shares during the period. Institutional investors and hedge funds own 94.67% of the company’s stock.

Insider Buying and Selling at Cohu

In other Cohu 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 value of $120,675.86. Following the transaction, 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 position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Insiders sold a total of 5,599 shares of company stock valued at $135,850 in the last ninety days. Insiders own 2.70% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the company. Craig Hallum raised Cohu from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research report on Friday, November 1st. TD Cowen cut their price target on 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 lifted their price objective on Cohu from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, November 1st. Finally, The Goldman Sachs Group cut their target price on shares of Cohu from $26.00 to $23.00 and set a “sell” rating on the stock in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, Cohu has an average rating of “Hold” and an average target price of $31.50.

Cohu Stock Up 1.6 %

Cohu stock opened at $26.40 on Monday. The company has a market capitalization of $1.23 billion, a P/E ratio of -24.44 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 fifty-two week low of $22.80 and a fifty-two week high of $36.60. The stock has a 50-day simple moving average of $25.75 and a 200-day simple moving average of $28.19.

Cohu (NASDAQ:COHU) last issued 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). The firm had revenue of $95.30 million during the quarter, compared to analysts’ expectations of $95.75 million. Cohu had a negative net margin of 11.35% and a negative return on equity of 1.01%. Cohu’s quarterly revenue was down 36.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.27 EPS. Equities research analysts expect that Cohu, Inc. will post -0.46 earnings per share for the current 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.