Cohu, Inc. $COHU Shares Sold by Barrow Hanley Mewhinney & Strauss LLC

Barrow Hanley Mewhinney & Strauss LLC decreased its position in Cohu, Inc. (NASDAQ:COHU) by 5.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,025,801 shares of the semiconductor company’s stock after selling 120,429 shares during the quarter. Barrow Hanley Mewhinney & Strauss LLC owned 4.34% of Cohu worth $41,185,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently modified their holdings of COHU. Essex Investment Management Co. LLC increased its stake in Cohu by 31.4% during the third quarter. Essex Investment Management Co. LLC now owns 192,846 shares of the semiconductor company’s stock worth $3,921,000 after purchasing an additional 46,113 shares during the period. Geode Capital Management LLC grew its holdings in shares of Cohu by 4.6% in the second quarter. Geode Capital Management LLC now owns 1,167,208 shares of the semiconductor company’s stock valued at $22,459,000 after purchasing an additional 50,907 shares in the last quarter. Stanley Laman Group Ltd. acquired a new position in shares of Cohu in the third quarter valued at approximately $3,109,000. Creative Planning increased its stake in Cohu by 16.7% during the 2nd quarter. Creative Planning now owns 71,920 shares of the semiconductor company’s stock worth $1,384,000 after buying an additional 10,306 shares during the period. Finally, First Eagle Investment Management LLC boosted its position in Cohu by 20.9% in the 3rd quarter. First Eagle Investment Management LLC now owns 248,146 shares of the semiconductor company’s stock valued at $5,045,000 after buying an additional 42,819 shares during the period. Hedge funds and other institutional investors own 94.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on COHU shares. B. Riley Financial decreased their target price on Cohu from $35.00 to $33.00 and set a “buy” rating for the company in a report on Friday, February 13th. TD Cowen lifted their price target on shares of Cohu from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. Zacks Research lowered shares of Cohu from a “hold” rating to a “strong sell” rating in a report on Thursday, February 19th. Stifel Nicolaus boosted their target price on shares of Cohu from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cohu in a report on Wednesday, January 21st. Four investment analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $33.25.

Cohu Price Performance

COHU stock opened at $28.64 on Thursday. The business has a 50 day simple moving average of $29.14 and a 200-day simple moving average of $24.71. The company has a market capitalization of $1.34 billion, a P/E ratio of -18.01 and a beta of 1.27. Cohu, Inc. has a twelve month low of $12.57 and a twelve month high of $34.96. The company has a current ratio of 6.88, a quick ratio of 5.69 and a debt-to-equity ratio of 0.36.

Cohu (NASDAQ:COHU) last issued its quarterly earnings data on Thursday, February 12th. The semiconductor company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.22). The business had revenue of $122.23 million for the quarter, compared to analysts’ expectations of $122.09 million. Cohu had a negative return on equity of 3.76% and a negative net margin of 16.40%.The company’s revenue for the quarter was up 29.9% on a year-over-year basis. During the same period in the previous year, the business posted ($0.15) earnings per share. As a group, equities analysts anticipate that Cohu, Inc. will post -0.36 EPS for the current year.

Cohu Profile

Cohu, Inc is a global provider of semiconductor test and inspection solutions, offering a broad portfolio of products designed to support chip manufacturers, outsourced semiconductor assembly and test (OSAT) providers, and electronics original equipment manufacturers (OEMs). The company’s product lineup includes automatic test handlers, wafer probers, test sockets, thermal subassembly systems and burn-in boards, all engineered to optimize throughput, accuracy and reliability in semiconductor production and final test.

Founded in 1947 and headquartered in Poway, California, Cohu has grown through both organic development and targeted acquisitions to become a recognized leader in test handling and interconnect technologies.