Envestnet Asset Management Inc. Buys 31,372 Shares of Cohu, Inc. (NASDAQ:COHU)

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Envestnet Asset Management Inc. increased its stake in shares of Cohu, Inc. (NASDAQ:COHU) by 288.9% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 42,232 shares of the semiconductor company’s stock after buying an additional 31,372 shares during the quarter. Envestnet Asset Management Inc. owned 0.10% of Cohu worth $732,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Legal & General Group Plc increased its holdings in Cohu by 0.7% during the 1st quarter. Legal & General Group Plc now owns 107,773 shares of the semiconductor company’s stock valued at $1,334,000 after purchasing an additional 788 shares in the last quarter. Swiss National Bank increased its holdings in Cohu by 1.8% during the 1st quarter. Swiss National Bank now owns 80,050 shares of the semiconductor company’s stock valued at $991,000 after purchasing an additional 1,400 shares in the last quarter. Nuveen Asset Management LLC increased its holdings in Cohu by 0.9% during the 1st quarter. Nuveen Asset Management LLC now owns 155,923 shares of the semiconductor company’s stock valued at $1,930,000 after purchasing an additional 1,415 shares in the last quarter. Comerica Bank increased its holdings in Cohu by 3.7% during the 1st quarter. Comerica Bank now owns 40,053 shares of the semiconductor company’s stock valued at $597,000 after purchasing an additional 1,423 shares in the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in Cohu by 5.3% during the 1st quarter. Thrivent Financial for Lutherans now owns 34,585 shares of the semiconductor company’s stock valued at $428,000 after purchasing an additional 1,727 shares in the last quarter. Institutional investors and hedge funds own 90.32% of the company’s stock.

Shares of Cohu stock opened at $18.83 on Friday. The company has a quick ratio of 1.95, a current ratio of 2.87 and a debt-to-equity ratio of 0.80. Cohu, Inc. has a 12 month low of $8.89 and a 12 month high of $26.43. The business has a fifty day simple moving average of $16.98 and a 200 day simple moving average of $17.59. The stock has a market cap of $785.21 million, a PE ratio of -15.69 and a beta of 1.88.

Cohu (NASDAQ:COHU) last announced its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.15. Cohu had a positive return on equity of 0.11% and a negative net margin of 8.75%. The business had revenue of $144.08 million during the quarter, compared to analysts’ expectations of $143.30 million. Analysts expect that Cohu, Inc. will post -0.03 EPS for the current fiscal year.

COHU has been the subject of a number of recent analyst reports. B. Riley raised their price target on Cohu from $19.00 to $20.00 and gave the company a “buy” rating in a report on Thursday, May 21st. Stifel Nicolaus lowered their target price on Cohu from $30.00 to $19.00 and set a “buy” rating for the company in a research note on Tuesday, April 21st. They noted that the move was a valuation call. Needham & Company LLC started coverage on Cohu in a research note on Thursday. They issued a “buy” rating and a $22.00 target price for the company. Zacks Investment Research cut Cohu from a “hold” rating to a “strong sell” rating in a research note on Tuesday, July 7th. Finally, BidaskClub raised Cohu from a “hold” rating to a “buy” rating in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and eight have assigned a buy rating to the stock. Cohu has a consensus rating of “Buy” and a consensus price target of $23.00.

In related news, Director William Bendush sold 4,500 shares of Cohu stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $15.28, for a total transaction of $68,760.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.07% of the stock is owned by insiders.

About Cohu

Cohu, Inc, through its subsidiaries, provides semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors, thermal sub-systems, semiconductor automated test equipment (ATE), and bare board printed circuit board (PCB) test systems for semiconductor and electronics manufacturers, and test subcontractors worldwide.

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Institutional Ownership by Quarter for Cohu (NASDAQ:COHU)

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