Massachusetts Financial Services Co. MA Has $25.70 Million Holdings in Cohu, Inc. (NASDAQ:COHU)

Massachusetts Financial Services Co. MA trimmed its position in Cohu, Inc. (NASDAQ:COHU) by 1.8% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 776,549 shares of the semiconductor company’s stock after selling 14,005 shares during the quarter. Massachusetts Financial Services Co. MA’s holdings in Cohu were worth $25,704,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Wedge Capital Management L L P NC raised its stake in shares of Cohu by 1.0% in the second quarter. Wedge Capital Management L L P NC now owns 47,223 shares of the semiconductor company’s stock valued at $1,563,000 after purchasing an additional 466 shares in the last quarter. Oak Associates Ltd. OH raised its stake in shares of Cohu by 0.6% in the second quarter. Oak Associates Ltd. OH now owns 83,704 shares of the semiconductor company’s stock valued at $2,771,000 after purchasing an additional 521 shares in the last quarter. Texas Permanent School Fund Corp grew its position in Cohu by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 41,576 shares of the semiconductor company’s stock valued at $1,386,000 after acquiring an additional 539 shares during the period. Linden Thomas Advisory Services LLC grew its position in Cohu by 1.7% in the second quarter. Linden Thomas Advisory Services LLC now owns 34,091 shares of the semiconductor company’s stock valued at $1,128,000 after acquiring an additional 555 shares during the period. Finally, ProShare Advisors LLC grew its position in Cohu by 7.4% in the first quarter. ProShare Advisors LLC now owns 9,433 shares of the semiconductor company’s stock valued at $314,000 after acquiring an additional 649 shares during the period. 94.67% of the stock is currently owned by institutional investors and hedge funds.

Cohu Price Performance

Shares of COHU stock opened at $24.79 on Friday. The stock’s fifty day moving average is $27.46 and its 200-day moving average is $30.08. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.09 and a current ratio of 6.95. The stock has a market capitalization of $1.17 billion, a PE ratio of -494.00 and a beta of 1.53. Cohu, Inc. has a 52 week low of $22.80 and a 52 week high of $36.60.

Cohu (NASDAQ:COHU) last announced its earnings results on Wednesday, July 31st. The semiconductor company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.03). The business had revenue of $104.70 million for the quarter, compared to the consensus estimate of $105.00 million. Cohu had a positive return on equity of 1.27% and a negative net margin of 5.70%. Equities research analysts expect that Cohu, Inc. will post -0.41 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have weighed in on COHU shares. StockNews.com cut Cohu from a “hold” rating to a “sell” rating in a research report on Friday, August 2nd. Needham & Company LLC lowered their price target on Cohu from $37.00 to $33.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Finally, Citigroup cut Cohu from a “buy” rating to a “neutral” rating and set a $36.00 price target on the stock. in a research report on Monday, July 15th. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $35.00.

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.