New York State Common Retirement Fund Sells 43,307 Shares of Cohu, Inc. (NASDAQ:COHU)

New York State Common Retirement Fund reduced its holdings in Cohu, Inc. (NASDAQ:COHU - Free Report) by 69.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 19,147 shares of the semiconductor company's stock after selling 43,307 shares during the quarter. New York State Common Retirement Fund's holdings in Cohu were worth $678,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of the business. Louisiana State Employees Retirement System acquired a new stake in Cohu in the 4th quarter valued at approximately $842,000. Meeder Asset Management Inc. acquired a new stake in Cohu in the 4th quarter valued at approximately $35,000. Mirae Asset Global Investments Co. Ltd. raised its position in Cohu by 4.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,314 shares of the semiconductor company's stock valued at $754,000 after buying an additional 865 shares during the last quarter. Altfest L J & Co. Inc. acquired a new stake in Cohu in the 4th quarter valued at approximately $250,000. Finally, Pacer Advisors Inc. raised its position in Cohu by 61.3% in the 4th quarter. Pacer Advisors Inc. now owns 751,039 shares of the semiconductor company's stock valued at $26,579,000 after buying an additional 285,537 shares during the last quarter. 94.67% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on the company. Needham & Company LLC dropped their target price on Cohu from $36.00 to $34.00 and set a "buy" rating on the stock in a research report on Monday, May 6th. Citigroup dropped their target price on Cohu from $40.00 to $36.00 and set a "buy" rating on the stock in a research report on Monday, May 6th. Craig Hallum lowered their price target on Cohu from $35.00 to $30.00 and set a "hold" rating on the stock in a research report on Friday, May 3rd. B. Riley lowered their price target on Cohu from $45.00 to $40.00 and set a "buy" rating on the stock in a research report on Friday, May 3rd. Finally, TD Cowen lowered their price target on Cohu from $40.00 to $36.00 and set a "buy" rating on the stock in a research report on Friday, May 3rd. Two equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company's stock. According to MarketBeat.com, Cohu presently has an average rating of "Moderate Buy" and a consensus price target of $37.33.

Insider Buying and Selling

In related news, Director William Bendush sold 2,591 shares of the business's stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $29.83, for a total transaction of $77,289.53. Following the transaction, the director now directly owns 36,662 shares of the company's stock, valued at approximately $1,093,627.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 2.70% of the stock is owned by insiders.

Cohu Stock Performance

Shares of NASDAQ:COHU traded up $0.05 during trading on Tuesday, hitting $29.44. 179,561 shares of the company were exchanged, compared to its average volume of 276,977. The company has a quick ratio of 4.63, a current ratio of 6.29 and a debt-to-equity ratio of 0.01. Cohu, Inc. has a fifty-two week low of $28.57 and a fifty-two week high of $43.99. The firm has a fifty day moving average price of $31.01 and a two-hundred day moving average price of $32.27.

Cohu (NASDAQ:COHU - Get Free Report) last posted its earnings results on Thursday, February 15th. The semiconductor company reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.01. The business had revenue of $137.23 million for the quarter, compared to analyst estimates of $136.94 million. Cohu had a positive return on equity of 3.91% and a negative net margin of 0.38%. The firm's revenue was down 28.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.63 EPS. On average, research analysts expect that Cohu, Inc. will post -0.07 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.