Brinker Capital Investments LLC Has $1.05 Million Stake in Cohu, Inc. (NASDAQ:COHU)

Brinker Capital Investments LLC trimmed its position in shares of Cohu, Inc. (NASDAQ:COHU – Get Rating) by 4.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,650 shares of the semiconductor company’s stock after selling 1,725 shares during the period. Brinker Capital Investments LLC owned approximately 0.08% of Cohu worth $1,048,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the company. BlackRock Inc. grew its stake in Cohu by 0.7% during the first quarter. BlackRock Inc. now owns 7,391,458 shares of the semiconductor company’s stock worth $218,789,000 after buying an additional 50,706 shares in the last quarter. Vanguard Group Inc. boosted its stake in shares of Cohu by 0.6% in the 1st quarter. Vanguard Group Inc. now owns 3,684,127 shares of the semiconductor company’s stock valued at $109,049,000 after purchasing an additional 21,908 shares in the last quarter. Victory Capital Management Inc. boosted its stake in shares of Cohu by 15.8% in the 2nd 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. Dimensional Fund Advisors LP boosted its stake in shares of Cohu by 8.3% in the 1st quarter. Dimensional Fund Advisors LP now owns 2,436,068 shares of the semiconductor company’s stock valued at $72,109,000 after purchasing an additional 186,085 shares in the last quarter. Finally, Franklin Resources Inc. boosted its stake in shares of Cohu by 34.8% in the 2nd quarter. Franklin Resources Inc. now owns 1,803,851 shares of the semiconductor company’s stock valued at $50,057,000 after purchasing an additional 465,777 shares in the last quarter. 90.79% of the stock is currently owned by institutional investors and hedge funds.

Cohu Stock Up 1.4 %

Cohu stock opened at $35.41 on Friday. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.42 and a current ratio of 4.39. Cohu, Inc. has a 52-week low of $24.06 and a 52-week high of $37.66. The firm has a 50 day moving average price of $34.32 and a two-hundred day moving average price of $30.60. The firm has a market cap of $1.69 billion, a price-to-earnings ratio of 18.07 and a beta of 1.56.

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

Wall Street Analyst Weigh In

COHU has been the topic of a number of research analyst reports. Cowen raised their price target on shares of Cohu from $35.00 to $42.00 and gave the company an “outperform” rating in a research note on Monday, October 31st. Citigroup upgraded shares of Cohu from a “neutral” rating to a “buy” rating and raised their price objective for the company from $30.00 to $45.00 in a report on Friday, November 4th. Cowen raised their price objective on shares of Cohu from $35.00 to $42.00 and gave the company an “outperform” rating in a report on Monday, October 31st. The Goldman Sachs Group raised their price objective on shares of Cohu from $25.00 to $28.00 and gave the company a “sell” rating in a report on Tuesday, November 1st. Finally, StockNews.com upgraded shares of Cohu from a “hold” rating to a “buy” rating in a report on Tuesday, December 13th. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, Cohu has a consensus rating of “Moderate Buy” and an average price target of $38.00.

Insider Activity at Cohu

In related news, Director Steven J. Bilodeau sold 9,000 shares of Cohu stock in a transaction on Friday, November 11th. The shares were sold at an average price of $37.13, for a total value of $334,170.00. Following the completion of the sale, the director now owns 57,138 shares of the company’s stock, valued at approximately $2,121,533.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, Director Steven J. Bilodeau sold 9,000 shares of Cohu stock in a transaction on Friday, November 11th. The shares were sold at an average price of $37.13, for a total value of $334,170.00. Following the completion of the sale, the director now owns 57,138 shares of the company’s stock, valued at approximately $2,121,533.94. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Nina Richardson sold 769 shares of Cohu stock in a transaction 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 transaction, the director now directly owns 26,083 shares in the company, valued at $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 valued at $781,543. 2.33% of the stock is owned by company insiders.

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.