Janney Montgomery Scott LLC Acquires New Stake in Cohu, Inc. (NASDAQ:COHU)

Janney Montgomery Scott LLC acquired a new stake in shares of Cohu, Inc. (NASDAQ:COHUGet Rating) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 16,042 shares of the semiconductor company’s stock, valued at approximately $414,000.

A number of other hedge funds also recently bought and sold shares of the company. Morgan Dempsey Capital Management LLC grew its holdings in Cohu by 27.7% during the second quarter. Morgan Dempsey Capital Management LLC now owns 2,943 shares of the semiconductor company’s stock valued at $82,000 after purchasing an additional 638 shares during the period. Texas Permanent School Fund boosted its stake in shares of Cohu by 1.9% in the second quarter. Texas Permanent School Fund now owns 35,159 shares of the semiconductor company’s stock worth $976,000 after acquiring an additional 641 shares during the period. First Republic Investment Management Inc. boosted its stake in shares of Cohu by 1.4% in the first quarter. First Republic Investment Management Inc. now owns 53,990 shares of the semiconductor company’s stock worth $1,598,000 after acquiring an additional 724 shares during the period. Captrust Financial Advisors boosted its stake in shares of Cohu by 27.1% in the second quarter. Captrust Financial Advisors now owns 3,428 shares of the semiconductor company’s stock worth $95,000 after acquiring an additional 730 shares during the period. Finally, US Bancorp DE boosted its stake in shares of Cohu by 185.4% in the second quarter. US Bancorp DE now owns 1,213 shares of the semiconductor company’s stock worth $34,000 after acquiring an additional 788 shares during the period. Hedge funds and other institutional investors own 90.79% of the company’s stock.

Cohu Trading Up 2.6 %

Shares of COHU stock opened at $36.33 on Tuesday. Cohu, Inc. has a 1 year low of $24.06 and a 1 year high of $37.66. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.39 and a quick ratio of 3.42. The stock’s 50 day simple moving average is $34.32 and its two-hundred day simple moving average is $30.71. The company has a market cap of $1.73 billion, a PE ratio of 18.54 and a beta of 1.56.

Cohu (NASDAQ:COHUGet Rating) last issued its quarterly earnings data on Thursday, October 27th. The semiconductor company reported $0.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.59 by $0.08. Cohu had a return on equity of 14.98% and a net margin of 11.81%. The business had revenue of $206.69 million for the quarter, compared to the consensus estimate of $202.50 million. Research analysts predict that Cohu, Inc. will post 2.58 earnings per share for the current year.

Insider Buying and Selling at Cohu

In other Cohu news, Director Nina Richardson sold 769 shares of the company’s stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $33.35, for a total transaction of $25,646.15. Following the sale, the director now directly owns 26,083 shares in the company, valued at $869,868.05. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director Steven J. Bilodeau sold 9,000 shares of the stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $37.13, for a total value of $334,170.00. Following the sale, the director now directly owns 57,138 shares in the company, valued at $2,121,533.94. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Nina Richardson sold 769 shares of the stock in a transaction that occurred on Tuesday, November 1st. The stock was sold at an average price of $33.35, for a total value of $25,646.15. Following the completion of the sale, the director now owns 26,083 shares in the company, valued at $869,868.05. The disclosure for this sale can be found here. Insiders have sold a total of 21,336 shares of company stock worth $781,543 over the last ninety days. Company insiders own 2.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on COHU. DA Davidson dropped their price objective on Cohu to $40.00 in a research note on Tuesday, November 1st. Citigroup upgraded Cohu from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $30.00 to $45.00 in a research report on Friday, November 4th. Cowen boosted their target price on Cohu from $35.00 to $42.00 and gave the stock an “outperform” rating in a research report on Monday, October 31st. Cowen boosted their target price on Cohu from $35.00 to $42.00 and gave the stock an “outperform” rating in a research report on Monday, October 31st. Finally, StockNews.com upgraded Cohu from a “hold” rating to a “buy” rating in a research report on Tuesday, December 13th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, Cohu has an average rating of “Moderate Buy” and an average price target of $38.00.

About Cohu

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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.

Further Reading

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Institutional Ownership by Quarter for Cohu (NASDAQ:COHU)

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