Cohu, Inc. (NASDAQ:COHU) Holdings Decreased by State Board of Administration of Florida Retirement System

State Board of Administration of Florida Retirement System reduced its stake in shares of Cohu, Inc. (NASDAQ:COHUGet Rating) by 29.2% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,557 shares of the semiconductor company’s stock after selling 6,833 shares during the quarter. State Board of Administration of Florida Retirement System’s holdings in Cohu were worth $459,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Pinebridge Investments L.P. raised its stake in shares of Cohu by 444.5% during the second quarter. Pinebridge Investments L.P. now owns 1,089 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 889 shares in the last quarter. Kovitz Investment Group Partners LLC raised its stake in shares of Cohu by 0.6% during the second quarter. Kovitz Investment Group Partners LLC now owns 139,119 shares of the semiconductor company’s stock valued at $3,861,000 after purchasing an additional 863 shares in the last quarter. US Bancorp DE raised its stake in shares of Cohu by 185.4% during the second quarter. US Bancorp DE now owns 1,213 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 788 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of Cohu by 15.8% during the second quarter. Victory Capital Management Inc. now owns 2,801,536 shares of the semiconductor company’s stock valued at $77,743,000 after purchasing an additional 382,863 shares in the last quarter. Finally, Kendall Capital Management raised its stake in shares of Cohu by 210.6% during the second quarter. Kendall Capital Management now owns 24,550 shares of the semiconductor company’s stock valued at $681,000 after purchasing an additional 16,645 shares in the last quarter. 90.24% of the stock is currently owned by institutional investors.

Cohu Trading Down 0.4 %

Shares of COHU opened at $35.64 on Friday. The business’s 50-day moving average price is $29.73 and its 200 day moving average price is $28.64. The stock has a market capitalization of $1.70 billion, a P/E ratio of 18.18 and a beta of 1.53. Cohu, Inc. has a 1-year low of $24.06 and a 1-year high of $39.86. The company has a current ratio of 4.39, a quick ratio of 3.42 and a debt-to-equity ratio of 0.08.

Insider Buying and Selling

In related news, Director Nina Richardson sold 769 shares of Cohu stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $33.35, for a total value of $25,646.15. Following the transaction, the director now owns 26,083 shares of the company’s stock, valued at approximately $869,868.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In related news, Director Nina Richardson sold 769 shares of Cohu stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $33.35, for a total value of $25,646.15. Following the transaction, the director now owns 26,083 shares of the company’s stock, valued at approximately $869,868.05. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, VP Ian P. Lawee sold 1,567 shares of Cohu stock in a transaction dated Tuesday, November 1st. The stock was sold at an average price of $33.01, for a total value of $51,726.67. Following the completion of the transaction, the vice president now directly owns 53,518 shares in the company, valued at approximately $1,766,629.18. The disclosure for this sale can be found here. In the last quarter, insiders have sold 21,336 shares of company stock valued at $781,543. 2.33% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on COHU shares. The Goldman Sachs Group lifted their price objective on shares of Cohu from $25.00 to $28.00 and gave the company a “sell” rating in a research note on Tuesday, November 1st. Cowen boosted their price target on shares of Cohu from $35.00 to $42.00 and gave the stock an “outperform” rating in a research report on Monday, October 31st. Citigroup upgraded shares of Cohu from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $30.00 to $45.00 in a research report on Friday, November 4th. StockNews.com upgraded shares of Cohu from a “hold” rating to a “buy” rating in a research report on Friday, November 4th. Finally, Cowen boosted their price target on shares of Cohu from $35.00 to $42.00 and gave the stock an “outperform” rating in a research report on Monday, October 31st. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $38.00.

Cohu Profile

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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 and electronics manufacturers, and test subcontractors.

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Institutional Ownership by Quarter for Cohu (NASDAQ:COHU)

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