23,017 Shares in Cohu, Inc. $COHU Bought by Assenagon Asset Management S.A.

Assenagon Asset Management S.A. acquired a new position in shares of Cohu, Inc. (NASDAQ:COHU) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 23,017 shares of the semiconductor company’s stock, valued at approximately $705,000.

A number of other institutional investors also recently bought and sold shares of the business. Kestra Advisory Services LLC purchased a new stake in shares of Cohu in the fourth quarter valued at about $34,000. Farther Finance Advisors LLC raised its stake in Cohu by 45.0% during the 4th quarter. Farther Finance Advisors LLC now owns 1,456 shares of the semiconductor company’s stock valued at $34,000 after acquiring an additional 452 shares during the last quarter. Los Angeles Capital Management LLC acquired a new stake in Cohu during the 4th quarter worth approximately $37,000. Gen Wealth Partners Inc acquired a new stake in Cohu during the 4th quarter worth approximately $44,000. Finally, Smartleaf Asset Management LLC grew its stake in shares of Cohu by 202.7% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,113 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 1,415 shares during the last quarter. 94.67% of the stock is currently owned by institutional investors and hedge funds.

Cohu Stock Performance

NASDAQ:COHU opened at $59.27 on Friday. The company has a quick ratio of 5.31, a current ratio of 6.43 and a debt-to-equity ratio of 0.37. Cohu, Inc. has a fifty-two week low of $17.80 and a fifty-two week high of $74.60. The stock has a market cap of $2.80 billion, a PE ratio of -49.81 and a beta of 1.54. The firm’s fifty day simple moving average is $54.59 and its 200-day simple moving average is $38.46.

Cohu (NASDAQ:COHU) last announced its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.02). The company had revenue of $125.12 million during the quarter, compared to analyst estimates of $122.14 million. Cohu had a negative net margin of 11.54% and a negative return on equity of 3.50%. The firm’s revenue for the quarter was up 29.3% on a year-over-year basis. During the same quarter last year, the business earned ($0.02) EPS. Analysts expect that Cohu, Inc. will post 0.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on COHU shares. Zacks Research upgraded shares of Cohu from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. TD Cowen lifted their target price on shares of Cohu from $60.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, June 16th. Needham & Company LLC boosted their price target on shares of Cohu from $33.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. B. Riley Financial reissued a “buy” rating on shares of Cohu in a report on Monday, April 20th. Finally, Jefferies Financial Group set a $60.00 price objective on Cohu and gave the company a “buy” rating in a report on Friday, May 1st. Six research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $52.33.

Insider Activity at Cohu

In other Cohu news, Director Steven J. Bilodeau sold 10,257 shares of the business’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $44.85, for a total transaction of $460,026.45. Following the sale, the director directly owned 52,272 shares in the company, valued at approximately $2,344,399.20. The trade was a 16.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CFO Jeffrey D. Jones sold 13,000 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $46.84, for a total transaction of $608,920.00. Following the completion of the sale, the chief financial officer owned 343,792 shares in the company, valued at $16,103,217.28. This represents a 3.64% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 90,668 shares of company stock worth $4,248,016. 3.05% of the stock is currently owned by company insiders.

About Cohu

Cohu, Inc is a global provider of semiconductor test and inspection solutions, offering a broad portfolio of products designed to support chip manufacturers, outsourced semiconductor assembly and test (OSAT) providers, and electronics original equipment manufacturers (OEMs). The company’s product lineup includes automatic test handlers, wafer probers, test sockets, thermal subassembly systems and burn-in boards, all engineered to optimize throughput, accuracy and reliability in semiconductor production and final test.

Founded in 1947 and headquartered in Poway, California, Cohu has grown through both organic development and targeted acquisitions to become a recognized leader in test handling and interconnect technologies.