Verition Fund Management LLC Has $526,000 Stock Position in Cohu, Inc. (NASDAQ:COHU)

Verition Fund Management LLC cut its holdings in shares of Cohu, Inc. (NASDAQ:COHU) by 15.2% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 20,486 shares of the semiconductor company’s stock after selling 3,680 shares during the period. Verition Fund Management LLC’s holdings in Cohu were worth $526,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. International Assets Investment Management LLC bought a new stake in shares of Cohu in the 3rd quarter valued at about $528,000. Creative Planning grew its holdings in shares of Cohu by 219.4% in the 3rd quarter. Creative Planning now owns 27,237 shares of the semiconductor company’s stock valued at $700,000 after buying an additional 18,709 shares during the period. Charles Schwab Investment Management Inc. increased its position in shares of Cohu by 10.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 624,274 shares of the semiconductor company’s stock valued at $16,044,000 after buying an additional 59,806 shares in the last quarter. 272 Capital LP raised its stake in Cohu by 137.9% during the 2nd quarter. 272 Capital LP now owns 58,654 shares of the semiconductor company’s stock worth $1,941,000 after buying an additional 34,000 shares during the period. Finally, Assenagon Asset Management S.A. raised its position in shares of Cohu by 286.1% during the third quarter. Assenagon Asset Management S.A. now owns 107,817 shares of the semiconductor company’s stock worth $2,771,000 after purchasing an additional 79,890 shares during the period. Institutional investors own 94.67% of the company’s stock.

Analyst Ratings Changes

Several brokerages have commented on COHU. TD Cowen dropped their target price on shares of Cohu from $36.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Craig Hallum raised Cohu from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Friday, November 1st. Needham & Company LLC upped 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. Finally, The Goldman Sachs Group decreased their price target on shares of Cohu from $26.00 to $23.00 and set a “sell” rating for the company in a research note on Friday, November 1st. Two investment 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 data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $31.50.

Insiders Place Their Bets

In related news, Director Nina Richardson sold 4,999 shares of the firm’s stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $24.14, for a total value of $120,675.86. Following the sale, the director now directly owns 28,313 shares of the company’s stock, valued at $683,475.82. This trade represents a 15.01 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders have sold a total of 5,599 shares of company stock worth $136,724 in the last 90 days. Company insiders own 2.70% of the company’s stock.

Cohu Stock Down 0.5 %

COHU opened at $26.92 on Thursday. The stock’s fifty day simple moving average is $26.07 and its 200 day simple moving average is $28.02. Cohu, Inc. has a 1-year low of $22.80 and a 1-year high of $36.60. The stock has a market cap of $1.25 billion, a PE ratio of -24.93 and a beta of 1.51. The company has a current ratio of 6.38, a quick ratio of 4.69 and a debt-to-equity ratio of 0.01.

Cohu (NASDAQ:COHU) last announced its earnings results 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). Cohu had a negative return on equity of 1.01% and a negative net margin of 11.35%. The firm had revenue of $95.30 million for the quarter, compared to the consensus estimate of $95.75 million. During the same quarter last year, the business posted $0.27 EPS. Cohu’s revenue for the quarter was down 36.8% on a year-over-year basis. As a group, research analysts expect that Cohu, Inc. will post -0.46 earnings per share for the current year.

Cohu 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.