Jane Street Group LLC Grows Stock Holdings in Cohu, Inc. (NASDAQ:COHU)

Jane Street Group LLC increased its position in Cohu, Inc. (NASDAQ:COHU) by 25.9% in the 3rd quarter, HoldingsChannel reports. The institutional investor owned 66,412 shares of the semiconductor company’s stock after buying an additional 13,668 shares during the quarter. Jane Street Group LLC’s holdings in Cohu were worth $1,707,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of COHU. Signaturefd LLC boosted its stake in shares of Cohu by 1,256.3% in the second quarter. Signaturefd LLC now owns 868 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 804 shares during the period. First Horizon Advisors Inc. lifted its holdings in Cohu by 49.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,622 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 535 shares in the last quarter. F M Investments LLC purchased a new position in Cohu in the 2nd quarter worth approximately $250,000. Mackenzie Financial Corp boosted its stake in Cohu by 5.6% in the 2nd quarter. Mackenzie Financial Corp now owns 7,939 shares of the semiconductor company’s stock worth $263,000 after purchasing an additional 419 shares during the period. Finally, Creative Planning purchased a new stake in Cohu during the 2nd quarter valued at approximately $282,000. Hedge funds and other institutional investors own 94.67% of the company’s stock.

Insider Buying and Selling

In related news, Director Nina Richardson sold 4,999 shares of the business’s stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $24.14, for a total value of $120,675.86. Following the completion of the transaction, the director now owns 28,313 shares of the company’s stock, valued at $683,475.82. The trade was a 15.01 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold a total of 5,599 shares of company stock valued at $136,724 over the last three months. 2.70% of the stock is owned by company insiders.

Analysts Set New Price Targets

COHU has been the topic of a number of research reports. TD Cowen reduced their price target on shares of Cohu from $36.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Craig Hallum raised Cohu from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Friday, November 1st. The Goldman Sachs Group dropped their price target on Cohu from $26.00 to $23.00 and set a “sell” rating for the company in a research note on Friday, November 1st. Finally, Needham & Company LLC lifted their price objective on Cohu from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. Two analysts have rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $31.50.

Cohu Stock Performance

Cohu stock opened at $26.83 on Thursday. Cohu, Inc. has a fifty-two week low of $22.80 and a fifty-two week high of $36.60. The company has a market capitalization of $1.25 billion, a PE ratio of -24.84 and a beta of 1.51. The company has a 50 day moving average price of $26.41 and a 200-day moving average price of $27.64. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.69 and a current ratio of 6.38.

Cohu (NASDAQ:COHU) last issued its earnings results on Thursday, October 31st. The semiconductor company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.02). Cohu had a negative net margin of 11.35% and a negative return on equity of 1.01%. The firm had revenue of $95.30 million for the quarter, compared to the consensus estimate of $95.75 million. During the same period last year, the firm earned $0.27 earnings per share. The company’s revenue for the quarter was down 36.8% on a year-over-year basis. As a group, equities analysts forecast that Cohu, Inc. will post -0.46 earnings per share for the current year.

About Cohu

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.