Massachusetts Financial Services Co. MA Sells 621,694 Shares of Cohu, Inc. (NASDAQ:COHU)

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

Other institutional investors and hedge funds have also bought and sold shares of the company. Versant Capital Management Inc boosted its stake in Cohu by 232.0% during the first quarter. Versant Capital Management Inc now owns 2,417 shares of the semiconductor company's stock worth $36,000 after buying an additional 1,689 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in Cohu by 1,225.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,392 shares of the semiconductor company's stock worth $37,000 after purchasing an additional 1,287 shares in the last quarter. GAMMA Investing LLC raised its holdings in Cohu by 172.2% in the first quarter. GAMMA Investing LLC now owns 2,659 shares of the semiconductor company's stock worth $39,000 after purchasing an additional 1,682 shares in the last quarter. Sterling Capital Management LLC raised its holdings in Cohu by 826.9% in the fourth quarter. Sterling Capital Management LLC now owns 1,483 shares of the semiconductor company's stock worth $40,000 after purchasing an additional 1,323 shares in the last quarter. Finally, Palouse Capital Management Inc. increased its holdings in Cohu by 105.5% in the 1st quarter. Palouse Capital Management Inc. now owns 4,918 shares of the semiconductor company's stock worth $72,000 after buying an additional 2,525 shares during the period. 94.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Needham & Company LLC reaffirmed a "hold" rating on shares of Cohu in a research note on Friday, May 2nd. Wall Street Zen cut Cohu from a "hold" rating to a "sell" rating in a research note on Tuesday, May 13th. Stifel Nicolaus cut their price target on Cohu from $35.00 to $28.00 and set a "buy" rating on the stock in a research report 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 report on Friday, May 2nd. 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 stock. Based on data from MarketBeat, Cohu currently has an average rating of "Hold" and a consensus target price of $27.17.

Cohu Trading Down 2.3%

Shares of Cohu stock traded down $0.45 on Thursday, hitting $19.09. 68,339 shares of the company's stock traded hands, compared to its average volume of 468,144. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.20 and a quick ratio of 3.69. Cohu, Inc. has a one year low of $12.57 and a one year high of $32.69. The firm's 50-day moving average price is $18.80 and its two-hundred day moving average price is $18.83. The stock has a market capitalization of $887.69 million, a PE ratio of -10.33 and a beta of 1.27.

Cohu (NASDAQ:COHU - Get Free Report) last issued its quarterly earnings data on Thursday, May 1st. The semiconductor company reported ($0.02) earnings per share (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 firm had revenue of $96.80 million during the quarter, compared to the consensus estimate of $96.61 million. During the same period last year, the business posted $0.01 earnings per share. The business's revenue for the quarter was down 10.0% compared to the same quarter last year. On average, research analysts expect that Cohu, Inc. will post -0.36 EPS 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.