Victory Capital Management Inc. Sells 1,218,662 Shares of Cohu, Inc. $COHU

Victory Capital Management Inc. trimmed its holdings in shares of Cohu, Inc. (NASDAQ:COHU) by 29.3% in the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 2,934,450 shares of the semiconductor company’s stock after selling 1,218,662 shares during the period. Victory Capital Management Inc. owned about 0.06% of Cohu worth $59,657,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Cohu by 3.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,214 shares of the semiconductor company’s stock valued at $400,000 after acquiring an additional 905 shares during the last quarter. Caxton Associates LLP purchased a new position in Cohu in the 1st quarter worth approximately $276,000. Jane Street Group LLC increased its stake in Cohu by 2,042.7% in the 1st quarter. Jane Street Group LLC now owns 162,674 shares of the semiconductor company’s stock worth $2,393,000 after purchasing an additional 155,082 shares during the period. Envestnet Asset Management Inc. lifted its position in Cohu by 49.6% in the second quarter. Envestnet Asset Management Inc. now owns 163,869 shares of the semiconductor company’s stock valued at $3,153,000 after purchasing an additional 54,360 shares during the last quarter. Finally, Savant Capital LLC bought a new stake in Cohu in the second quarter valued at approximately $236,000. Hedge funds and other institutional investors own 94.67% of the company’s stock.

Cohu Trading Down 3.8%

NASDAQ COHU opened at $27.66 on Friday. The stock has a market cap of $1.30 billion, a P/E ratio of -17.40 and a beta of 1.27. Cohu, Inc. has a fifty-two week low of $12.57 and a fifty-two week high of $34.96. The stock has a 50 day simple moving average of $28.84 and a two-hundred day simple moving average of $24.49. The company has a debt-to-equity ratio of 0.36, a quick ratio of 5.69 and a current ratio of 6.88.

Cohu (NASDAQ:COHU) last posted its earnings results on Thursday, February 12th. The semiconductor company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.22). The business had revenue of $122.23 million for the quarter, compared to analysts’ expectations of $122.09 million. Cohu had a negative net margin of 16.40% and a negative return on equity of 3.76%. Cohu’s quarterly revenue was up 29.9% on a year-over-year basis. During the same period last year, the firm posted ($0.15) earnings per share. On average, analysts forecast that Cohu, Inc. will post -0.36 earnings per share for the current year.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Cohu in a report on Wednesday, January 21st. B. Riley Financial lowered their price target on shares of Cohu from $35.00 to $33.00 and set a “buy” rating for the company in a report on Friday, February 13th. Stifel Nicolaus increased their price target on shares of Cohu from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, January 14th. Needham & Company LLC raised their price target on shares of Cohu from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Finally, Zacks Research cut shares of Cohu from a “hold” rating to a “strong sell” rating in a research report on Thursday, February 19th. Four research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $33.25.

About Cohu

Cohu, Inc is a global provider of semiconductor test and inspection solutions, offering a broad portfolio of products designed to support chip manufacturers, outsourced semiconductor assembly and test (OSAT) providers, and electronics original equipment manufacturers (OEMs). The company’s product lineup includes automatic test handlers, wafer probers, test sockets, thermal subassembly systems and burn-in boards, all engineered to optimize throughput, accuracy and reliability in semiconductor production and final test.

Founded in 1947 and headquartered in Poway, California, Cohu has grown through both organic development and targeted acquisitions to become a recognized leader in test handling and interconnect technologies.