Massachusetts Financial Services Co. MA Sells 131,537 Shares of Cohu, Inc. (NASDAQ:COHU)

Massachusetts Financial Services Co. MA lowered its holdings in shares of Cohu, Inc. (NASDAQ:COHU - Free Report) by 13.3% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 858,982 shares of the semiconductor company's stock after selling 131,537 shares during the quarter. Massachusetts Financial Services Co. MA owned approximately 1.81% of Cohu worth $30,399,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of COHU. Meeder Asset Management Inc. purchased a new position in shares of Cohu during the fourth quarter valued at approximately $35,000. Teza Capital Management LLC acquired a new position in Cohu during the third quarter valued at $212,000. Altfest L J & Co. Inc. acquired a new position in Cohu in the fourth quarter valued at approximately $250,000. TD Asset Management Inc raised its position in shares of Cohu by 38.6% in the third quarter. TD Asset Management Inc now owns 9,700 shares of the semiconductor company's stock worth $334,000 after acquiring an additional 2,700 shares during the period. Finally, Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Cohu by 18.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,407 shares of the semiconductor company's stock worth $358,000 after purchasing an additional 1,623 shares in the last quarter. Institutional investors own 94.67% of the company's stock.

Insiders Place Their Bets

In other Cohu news, Director William Bendush sold 2,500 shares of the stock in a transaction that occurred on Thursday, May 16th. The stock was sold at an average price of $29.27, for a total transaction of $73,175.00. Following the transaction, the director now owns 34,162 shares in the company, valued at $999,921.74. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, VP Thomas D. Kampfer sold 3,000 shares of Cohu stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $29.43, for a total value of $88,290.00. Following the completion of the sale, the vice president now directly owns 51,442 shares of the company's stock, valued at approximately $1,513,938.06. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director William Bendush sold 2,500 shares of the firm's stock in a transaction dated Thursday, May 16th. The shares were sold at an average price of $29.27, for a total transaction of $73,175.00. Following the completion of the transaction, the director now directly owns 34,162 shares in the company, valued at approximately $999,921.74. The disclosure for this sale can be found here. Insiders sold a total of 8,091 shares of company stock worth $238,755 in the last quarter. 2.70% of the stock is currently owned by corporate insiders.

Cohu Stock Down 0.6 %

Cohu stock traded down $0.18 during trading on Friday, reaching $29.55. 172,235 shares of the company's stock were exchanged, compared to its average volume of 240,261. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of -591.00 and a beta of 1.54. Cohu, Inc. has a 52-week low of $28.57 and a 52-week high of $43.99. The company's 50-day moving average is $30.81 and its two-hundred day moving average is $32.23. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.63 and a current ratio of 6.29.

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

Analyst Ratings Changes

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

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.