Keeley Teton Advisors LLC Acquires 4,444 Shares of Cohu, Inc. (NASDAQ:COHU)

Keeley Teton Advisors LLC lifted its position in shares of Cohu, Inc. (NASDAQ:COHU) by 14.1% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 35,945 shares of the semiconductor company’s stock after acquiring an additional 4,444 shares during the quarter. Keeley Teton Advisors LLC owned approximately 0.08% of Cohu worth $1,198,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Meeder Asset Management Inc. purchased a new stake in Cohu during the 4th quarter worth about $35,000. Altfest L J & Co. Inc. purchased a new stake in Cohu during the 4th quarter worth about $250,000. TFO Wealth Partners LLC lifted its holdings in Cohu by 10,587.5% during the 4th quarter. TFO Wealth Partners LLC now owns 855 shares of the semiconductor company’s stock worth $283,000 after purchasing an additional 847 shares in the last quarter. ProShare Advisors LLC lifted its holdings in Cohu by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 9,433 shares of the semiconductor company’s stock worth $314,000 after purchasing an additional 649 shares in the last quarter. Finally, Foundry Partners LLC lifted its holdings in Cohu by 52.0% during the 1st quarter. Foundry Partners LLC now owns 10,023 shares of the semiconductor company’s stock worth $334,000 after purchasing an additional 3,428 shares in the last quarter. Institutional investors own 94.67% of the company’s stock.

Cohu Price Performance

Shares of Cohu stock traded up $0.29 during trading on Friday, hitting $31.34. 292,267 shares of the stock traded hands, compared to its average volume of 272,794. The company has a quick ratio of 4.63, a current ratio of 6.29 and a debt-to-equity ratio of 0.01. The firm’s fifty day moving average is $32.44 and its 200-day moving average is $31.97. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of -626.80 and a beta of 1.58. Cohu, Inc. has a 52 week low of $28.57 and a 52 week high of $43.99.

Cohu (NASDAQ:COHU) last announced its quarterly earnings results on Thursday, May 2nd. The semiconductor company reported ($0.06) EPS for the quarter, topping analysts’ consensus estimates of ($0.07) by $0.01. The business had revenue of $107.61 million for the quarter, compared to analysts’ expectations of $107.00 million. Cohu had a positive return on equity of 3.91% and a negative net margin of 0.38%. Research analysts expect that Cohu, Inc. will post -0.07 EPS for the current fiscal year.

Insiders Place Their Bets

In other Cohu news, Director William Bendush sold 2,591 shares of Cohu stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $29.83, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other 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 $1,093,627.46. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Christopher Bohrson sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $30.00, for a total value of $60,000.00. Following the transaction, the senior vice president now directly owns 130,339 shares in the company, valued at $3,910,170. The disclosure for this sale can be found here. Insiders have sold 10,091 shares of company stock valued at $298,755 in the last ninety days. Company insiders own 2.70% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. TD Cowen dropped their price objective on Cohu from $40.00 to $36.00 and set a “buy” rating on the stock in a report on Friday, May 3rd. Needham & Company LLC lowered their price target on Cohu from $36.00 to $34.00 and set a “buy” rating on the stock in a 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 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 report on Friday, May 3rd. Finally, Citigroup cut Cohu from a “buy” rating to a “neutral” rating and set a $36.00 price target on the stock. in a report on Monday, July 15th. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $37.33.

Cohu 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.