Cohu, Inc. (NASDAQ:COHU) Shares Sold by Massachusetts Financial Services Co. MA

Massachusetts Financial Services Co. MA cut its position in shares of Cohu, Inc. (NASDAQ:COHU - Free Report) by 82.7% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 130,000 shares of the semiconductor company's stock after selling 621,694 shares during the period. Massachusetts Financial Services Co. MA owned about 0.28% of Cohu worth $1,912,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Cohu by 1,225.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,392 shares of the semiconductor company's stock worth $37,000 after acquiring an additional 1,287 shares in the last quarter. Sterling Capital Management LLC raised its position in shares of Cohu by 826.9% in the 4th quarter. Sterling Capital Management LLC now owns 1,483 shares of the semiconductor company's stock worth $40,000 after acquiring an additional 1,323 shares in the last quarter. Versant Capital Management Inc raised its position in shares of Cohu by 232.0% in the 1st quarter. Versant Capital Management Inc now owns 2,417 shares of the semiconductor company's stock worth $36,000 after acquiring an additional 1,689 shares in the last quarter. GAMMA Investing LLC raised its position in shares of Cohu by 172.2% in the 1st quarter. GAMMA Investing LLC now owns 2,659 shares of the semiconductor company's stock worth $39,000 after acquiring an additional 1,682 shares in the last quarter. Finally, Tower Research Capital LLC TRC raised its position in shares of Cohu by 14.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,842 shares of the semiconductor company's stock worth $103,000 after acquiring an additional 486 shares in the last quarter. 94.67% of the stock is owned by institutional investors.

Cohu Stock Performance

Cohu stock traded down $0.57 during trading hours on Thursday, hitting $18.97. 298,772 shares of the stock traded hands, compared to its average volume of 263,040. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.20 and a quick ratio of 3.69. The firm's 50 day moving average price is $18.83 and its 200-day moving average price is $18.83. The stock has a market capitalization of $882.11 million, a price-to-earnings ratio of -10.25 and a beta of 1.27. Cohu, Inc. has a 1 year low of $12.57 and a 1 year high of $32.69.

Cohu (NASDAQ:COHU - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The semiconductor company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.14. The business had revenue of $96.80 million for the quarter, compared to the consensus estimate of $96.61 million. Cohu had a negative return on equity of 3.76% and a negative net margin of 21.99%. The company's quarterly revenue was down 10.0% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.01 EPS. As a group, equities analysts expect that Cohu, Inc. will post -0.36 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several research analysts have recently commented on COHU shares. Stifel Nicolaus reduced their price target on Cohu from $35.00 to $28.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Wall Street Zen downgraded Cohu from a "hold" rating to a "sell" rating in a research note on Tuesday, May 13th. Needham & Company LLC restated a "hold" rating on shares of Cohu in a research note on Friday, May 2nd. Finally, TD Cowen dropped their target price on Cohu from $27.00 to $22.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. 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 data from MarketBeat.com, Cohu currently has a consensus rating of "Hold" and a consensus target price of $27.17.

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.