Victory Capital Management Inc. Acquires 224,022 Shares of Cohu, Inc. (NASDAQ:COHU)

Victory Capital Management Inc. increased its holdings in shares of Cohu, Inc. (NASDAQ:COHU) by 7.1% in the third quarter, according to its most recent filing with the SEC. The fund owned 3,358,288 shares of the semiconductor company’s stock after acquiring an additional 224,022 shares during the period. Victory Capital Management Inc. owned about 7.16% of Cohu worth $86,308,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Vanguard Group Inc. lifted its stake in shares of Cohu by 3.3% during the 1st quarter. Vanguard Group Inc. now owns 4,303,097 shares of the semiconductor company’s stock worth $143,422,000 after acquiring an additional 137,475 shares during the last quarter. Dimensional Fund Advisors LP lifted its stake in shares of Cohu by 1.7% during the 2nd quarter. Dimensional Fund Advisors LP now owns 3,161,347 shares of the semiconductor company’s stock worth $104,638,000 after acquiring an additional 51,640 shares during the last quarter. Bank of New York Mellon Corp lifted its stake in shares of Cohu by 54.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 905,309 shares of the semiconductor company’s stock worth $29,966,000 after acquiring an additional 320,234 shares during the last quarter. Divisar Capital Management LLC increased its holdings in Cohu by 5.9% during the 2nd quarter. Divisar Capital Management LLC now owns 540,183 shares of the semiconductor company’s stock worth $17,880,000 after purchasing an additional 30,000 shares during the period. Finally, Tributary Capital Management LLC increased its holdings in Cohu by 46.4% during the 3rd quarter. Tributary Capital Management LLC now owns 521,047 shares of the semiconductor company’s stock worth $13,391,000 after purchasing an additional 165,135 shares during the period. 94.67% of the stock is owned by institutional investors.

Insider Transactions at Cohu

In other Cohu news, Director Nina Richardson sold 4,999 shares of Cohu stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $24.14, for a total transaction of $120,675.86. Following the completion of the sale, the director now owns 28,313 shares of the company’s stock, valued at approximately $683,475.82. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold 5,599 shares of company stock valued at $135,850 in the last quarter. 2.70% of the stock is currently owned by corporate insiders.

Cohu Trading Down 4.0 %

Shares of NASDAQ:COHU opened at $25.87 on Thursday. Cohu, Inc. has a 12-month low of $22.80 and a 12-month high of $36.60. The business’s fifty day simple moving average is $25.40 and its 200-day simple moving average is $28.51. The company has a market capitalization of $1.21 billion, a PE ratio of -23.95 and a beta of 1.52. 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 quarterly earnings results on Thursday, October 31st. The semiconductor company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.02). The company had revenue of $95.30 million during the quarter, compared to analysts’ expectations of $95.75 million. Cohu had a negative net margin of 11.35% and a negative return on equity of 1.01%. The company’s revenue was down 36.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.27 earnings per share. As a group, equities research analysts predict that Cohu, Inc. will post -0.46 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Craig Hallum upgraded Cohu from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a report on Friday, November 1st. The Goldman Sachs Group reduced their price objective on Cohu from $26.00 to $23.00 and set a “sell” rating on the stock in a report on Friday, November 1st. StockNews.com downgraded Cohu from a “hold” rating to a “sell” rating in a report on Friday, August 2nd. TD Cowen reduced their price objective on Cohu from $36.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Finally, Needham & Company LLC raised their price objective on Cohu from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $31.50.

About Cohu

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.