Wells Fargo & Company MN grew its position in Cohu, Inc. (NASDAQ:COHU) by 256.6% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 63,769 shares of the semiconductor company’s stock after buying an additional 45,887 shares during the period. Wells Fargo & Company MN owned 0.23% of Cohu worth $1,520,000 at the end of the most recent quarter.
Several other large investors have also recently added to or reduced their stakes in COHU. Schwab Charles Investment Management Inc. boosted its holdings in shares of Cohu by 0.5% in the 2nd quarter. Schwab Charles Investment Management Inc. now owns 101,645 shares of the semiconductor company’s stock valued at $1,600,000 after buying an additional 532 shares in the last quarter. Legal & General Group Plc raised its position in Cohu by 8.8% during the 2nd quarter. Legal & General Group Plc now owns 46,132 shares of the semiconductor company’s stock worth $727,000 after buying an additional 3,738 shares during the last quarter. BNP Paribas Arbitrage SA raised its position in Cohu by 67.7% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 8,085 shares of the semiconductor company’s stock worth $127,000 after buying an additional 3,264 shares during the last quarter. Principal Financial Group Inc. raised its position in Cohu by 4.4% during the 2nd quarter. Principal Financial Group Inc. now owns 198,843 shares of the semiconductor company’s stock worth $3,130,000 after buying an additional 8,338 shares during the last quarter. Finally, Swiss National Bank raised its position in Cohu by 10.8% during the 2nd quarter. Swiss National Bank now owns 46,141 shares of the semiconductor company’s stock worth $726,000 after buying an additional 4,500 shares during the last quarter. Institutional investors and hedge funds own 82.24% of the company’s stock.
Shares of Cohu, Inc. (COHU) traded up $0.08 on Monday, reaching $21.13. 229,555 shares of the company’s stock traded hands, compared to its average volume of 194,912. Cohu, Inc. has a 52 week low of $13.08 and a 52 week high of $26.17. The company has a debt-to-equity ratio of 0.02, a quick ratio of 2.89 and a current ratio of 3.62. The firm has a market cap of $595.46, a PE ratio of 21.48 and a beta of 0.91.
COHU has been the subject of a number of recent research reports. B. Riley raised their price target on shares of Cohu from $28.00 to $31.00 and gave the stock a “buy” rating in a research report on Friday, November 3rd. Zacks Investment Research raised shares of Cohu from a “hold” rating to a “strong-buy” rating and set a $29.00 target price for the company in a report on Tuesday, November 7th. BidaskClub lowered shares of Cohu from a “hold” rating to a “sell” rating in a report on Saturday, February 3rd. Needham & Company LLC reissued a “buy” rating and issued a $24.00 price target on shares of Cohu in a research note on Friday, October 27th. Finally, ValuEngine raised shares of Cohu from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $25.40.
In other news, VP Hock Woo Chiang sold 10,000 shares of the business’s stock in a transaction dated Thursday, November 16th. The shares were sold at an average price of $24.78, for a total transaction of $247,800.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 6.46% of the company’s stock.
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Cohu, Inc is a supplier of semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors and thermal sub-systems used by global semiconductor manufacturers and test subcontractors. It develops, manufactures, sells and services a line of equipment capable of handling a range of integrated circuits and light-emitting diodes.
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