Louisiana State Employees Retirement System Purchases Shares of 23,000 Cohu, Inc. (NASDAQ:COHU)

Louisiana State Employees Retirement System purchased a new stake in Cohu, Inc. (NASDAQ:COHUGet Rating) during the 3rd quarter, HoldingsChannel reports. The fund purchased 23,000 shares of the semiconductor company’s stock, valued at approximately $593,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Pinebridge Investments L.P. raised its holdings in shares of Cohu by 444.5% in the 2nd quarter. Pinebridge Investments L.P. now owns 1,089 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 889 shares in the last quarter. US Bancorp DE raised its holdings in shares of Cohu by 185.4% in the 2nd quarter. US Bancorp DE now owns 1,213 shares of the semiconductor company’s stock valued at $34,000 after acquiring an additional 788 shares in the last quarter. FMR LLC raised its holdings in shares of Cohu by 209.1% in the 2nd quarter. FMR LLC now owns 1,391 shares of the semiconductor company’s stock valued at $38,000 after acquiring an additional 941 shares in the last quarter. Captrust Financial Advisors raised its holdings in shares of Cohu by 96.1% in the 1st quarter. Captrust Financial Advisors now owns 2,698 shares of the semiconductor company’s stock valued at $80,000 after acquiring an additional 1,322 shares in the last quarter. Finally, Morgan Dempsey Capital Management LLC increased its position in shares of Cohu by 27.7% during the 2nd 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 last quarter. Hedge funds and other institutional investors own 90.79% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on COHU shares. Cowen increased their price objective on Cohu from $35.00 to $42.00 and gave the company an “outperform” rating in a research report on Monday, October 31st. The Goldman Sachs Group increased their price objective on Cohu from $25.00 to $28.00 and gave the company a “sell” rating in a research report on Tuesday, November 1st. Cowen increased their price objective on Cohu from $35.00 to $42.00 and gave the company an “outperform” rating in a research report on Monday, October 31st. StockNews.com upgraded Cohu from a “hold” rating to a “buy” rating in a research report on Tuesday, December 13th. Finally, Citigroup upgraded Cohu from a “neutral” rating to a “buy” rating and increased their price objective for the company from $30.00 to $45.00 in a research report on Friday, November 4th. One research analyst has rated the stock with a sell rating, one has given a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $38.00.

Cohu Price Performance

COHU opened at $33.84 on Monday. The stock’s 50 day simple moving average is $33.96 and its 200 day simple moving average is $30.02. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.39 and a quick ratio of 3.42. Cohu, Inc. has a 1 year low of $24.06 and a 1 year high of $38.16. The firm has a market cap of $1.61 billion, a price-to-earnings ratio of 17.27 and a beta of 1.56.

Cohu (NASDAQ:COHUGet Rating) last released its quarterly earnings data on Thursday, October 27th. The semiconductor company reported $0.67 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $202.50 million. As a group, analysts predict that Cohu, Inc. will post 2.58 earnings per share for the current year.

Insiders Place Their Bets

In other Cohu news, CFO Jeffrey D. Jones sold 10,000 shares of the stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $37.00, for a total value of $370,000.00. Following the completion of the sale, the chief financial officer now owns 249,733 shares in the company, valued at approximately $9,240,121. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other news, CFO Jeffrey D. Jones sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $37.00, for a total value of $370,000.00. Following the completion of the transaction, the chief financial officer now owns 249,733 shares in the company, valued at approximately $9,240,121. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Nina Richardson sold 769 shares of the firm’s stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $33.35, for a total value of $25,646.15. Following the completion of the transaction, the director now owns 26,083 shares of the company’s stock, valued at approximately $869,868.05. The disclosure for this sale can be found here. In the last 90 days, insiders sold 21,336 shares of company stock worth $781,543. 2.33% of the stock is currently owned by company insiders.

About Cohu

(Get Rating)

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

Want to see what other hedge funds are holding COHU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cohu, Inc. (NASDAQ:COHUGet Rating).

Institutional Ownership by Quarter for Cohu (NASDAQ:COHU)

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