Cohu, Inc. (NASDAQ:COHU) Shares Sold by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC cut its stake in shares of Cohu, Inc. (NASDAQ:COHU) by 26.2% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 2,817 shares of the semiconductor company’s stock after selling 1,001 shares during the period. Nisa Investment Advisors LLC’s holdings in Cohu were worth $41,000 at the end of the most recent quarter.

A number of other large investors also recently added to or reduced their stakes in COHU. Franklin Resources Inc. grew its holdings in shares of Cohu by 1.4% during the fourth quarter. Franklin Resources Inc. now owns 3,191,263 shares of the semiconductor company’s stock worth $85,207,000 after buying an additional 45,571 shares in the last quarter. Ameriprise Financial Inc. grew its holdings in shares of Cohu by 15.5% during the fourth quarter. Ameriprise Financial Inc. now owns 1,148,977 shares of the semiconductor company’s stock worth $30,678,000 after buying an additional 154,550 shares in the last quarter. Frontier Capital Management Co. LLC grew its holdings in shares of Cohu by 52.2% during the fourth quarter. Frontier Capital Management Co. LLC now owns 1,139,325 shares of the semiconductor company’s stock worth $30,420,000 after buying an additional 390,558 shares in the last quarter. Systematic Financial Management LP grew its holdings in shares of Cohu by 4.2% during the fourth quarter. Systematic Financial Management LP now owns 922,106 shares of the semiconductor company’s stock worth $24,620,000 after buying an additional 36,759 shares in the last quarter. Finally, Northern Trust Corp grew its holdings in shares of Cohu by 9.3% during the fourth quarter. Northern Trust Corp now owns 511,278 shares of the semiconductor company’s stock worth $13,651,000 after buying an additional 43,307 shares in the last quarter. 94.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts recently issued reports on the stock. Stifel Nicolaus dropped their price objective on shares of Cohu from $35.00 to $28.00 and set a “buy” rating for the company in a report on Friday, May 2nd. TD Cowen dropped their price objective on shares of Cohu from $27.00 to $22.00 and set a “buy” rating for the company in a report on Friday, May 2nd. Needham & Company LLC reissued a “hold” rating on shares of Cohu in a report on Friday, May 2nd. Finally, Wall Street Zen lowered shares of Cohu from a “hold” rating to a “sell” rating in a report on Tuesday, May 13th. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Hold” and an average price target of $27.17.

Cohu Stock Down 1.9%

COHU stock opened at $19.65 on Friday. The company has a current ratio of 5.20, a quick ratio of 3.69 and a debt-to-equity ratio of 0.01. The stock has a market cap of $913.78 million, a P/E ratio of -10.62 and a beta of 1.27. The company’s 50 day moving average is $18.72 and its two-hundred day moving average is $18.92. Cohu, Inc. has a twelve month low of $12.57 and a twelve month high of $33.71.

Cohu (NASDAQ:COHU) last issued its earnings results on Thursday, May 1st. The semiconductor company reported ($0.02) EPS for the quarter, topping the consensus estimate of ($0.16) by $0.14. Cohu had a negative net margin of 21.99% and a negative return on equity of 3.76%. The company had revenue of $96.80 million for the quarter, compared to analyst estimates of $96.61 million. During the same period in the previous year, the firm earned $0.01 EPS. The business’s revenue was down 10.0% on a year-over-year basis. Research analysts expect that Cohu, Inc. will post -0.36 earnings per share for the current fiscal year.

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.