Phocas Financial Corp. Has $4.88 Million Position in Cohu, Inc. (NASDAQ:COHU)

Phocas Financial Corp. lowered its holdings in Cohu, Inc. (NASDAQ:COHU) by 0.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 117,469 shares of the semiconductor company’s stock after selling 756 shares during the quarter. Phocas Financial Corp. owned about 0.25% of Cohu worth $4,882,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently bought and sold shares of COHU. FMR LLC boosted its stake in Cohu by 209.1% in the second quarter. FMR LLC now owns 1,391 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 941 shares in the last quarter. Quadrant Capital Group LLC boosted its stake in Cohu by 66.2% in the fourth quarter. Quadrant Capital Group LLC now owns 1,885 shares of the semiconductor company’s stock worth $60,000 after purchasing an additional 751 shares in the last quarter. Captrust Financial Advisors boosted its stake in Cohu by 96.1% in the first quarter. Captrust Financial Advisors now owns 2,698 shares of the semiconductor company’s stock worth $80,000 after purchasing an additional 1,322 shares in the last quarter. State of Wyoming acquired a new position in Cohu in the fourth quarter worth $115,000. Finally, Counterpoint Mutual Funds LLC acquired a new position in shares of Cohu during the first quarter valued at $120,000. Institutional investors and hedge funds own 88.23% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. StockNews.com raised Cohu from a “hold” rating to a “buy” rating in a research note on Thursday, August 31st. B. Riley raised Cohu from a “neutral” rating to a “buy” rating and upped their price target for the company from $38.00 to $50.00 in a research note on Monday, July 17th. Needham & Company LLC reaffirmed a “buy” rating and set a $52.00 price target on shares of Cohu in a research note on Friday, August 4th. Finally, Stifel Nicolaus upped their price target on Cohu from $42.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and seven have issued a buy rating to the stock. According to MarketBeat.com, Cohu has a consensus rating of “Moderate Buy” and an average target price of $43.38.

Cohu Trading Down 0.0 %

NASDAQ:COHU traded down $0.01 during mid-day trading on Tuesday, hitting $34.78. The company had a trading volume of 54,456 shares, compared to its average volume of 247,363. Cohu, Inc. has a fifty-two week low of $25.20 and a fifty-two week high of $43.99. The business’s fifty day moving average is $38.05 and its two-hundred day moving average is $37.46. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.96 and a current ratio of 5.22. The firm has a market cap of $1.66 billion, a P/E ratio of 23.09 and a beta of 1.58.

Cohu (NASDAQ:COHU) last released its earnings results on Thursday, August 3rd. The semiconductor company reported $0.40 earnings per share for the quarter, beating the consensus estimate of $0.37 by $0.03. Cohu had a return on equity of 11.46% and a net margin of 9.75%. The firm had revenue of $168.92 million for the quarter, compared to analyst estimates of $165.95 million. As a group, research analysts expect that Cohu, Inc. will post 1.47 earnings per share for the current year.

Insider Transactions at Cohu

In other news, VP Ian P. Lawee sold 2,000 shares of the firm’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $37.55, for a total transaction of $75,100.00. Following the sale, the vice president now owns 53,139 shares of the company’s stock, valued at $1,995,369.45. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 2.79% of the stock is currently owned by 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.