Cohu, Inc. $COHU Shares Sold by Renaissance Technologies LLC

Renaissance Technologies LLC reduced its position in Cohu, Inc. (NASDAQ:COHU) by 44.6% during the 1st quarter, HoldingsChannel reports. The institutional investor owned 84,500 shares of the semiconductor company’s stock after selling 68,154 shares during the period. Renaissance Technologies LLC’s holdings in Cohu were worth $2,587,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in COHU. Vanguard Personalized Indexing Management LLC increased its stake in Cohu by 2.1% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 16,231 shares of the semiconductor company’s stock worth $378,000 after acquiring an additional 332 shares during the last quarter. Sheets Smith Wealth Management grew its holdings in shares of Cohu by 3.0% during the 1st quarter. Sheets Smith Wealth Management now owns 14,644 shares of the semiconductor company’s stock worth $448,000 after purchasing an additional 420 shares during the period. US Bancorp DE grew its holdings in shares of Cohu by 4.6% during the 3rd quarter. US Bancorp DE now owns 9,847 shares of the semiconductor company’s stock worth $200,000 after purchasing an additional 432 shares during the period. Farther Finance Advisors LLC increased its position in Cohu by 45.0% during the 4th quarter. Farther Finance Advisors LLC now owns 1,456 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 452 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its position in Cohu by 0.9% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 65,233 shares of the semiconductor company’s stock worth $1,255,000 after purchasing an additional 576 shares in the last quarter. Institutional investors and hedge funds own 94.67% of the company’s stock.

Cohu Price Performance

Shares of NASDAQ COHU opened at $52.88 on Monday. The company has a quick ratio of 4.72, a current ratio of 5.74 and a debt-to-equity ratio of 0.37. Cohu, Inc. has a fifty-two week low of $18.67 and a fifty-two week high of $74.60. The business has a 50 day moving average price of $56.70 and a two-hundred day moving average price of $43.35. The firm has a market cap of $2.50 billion, a PE ratio of -63.71 and a beta of 1.59.

Cohu (NASDAQ:COHU) last released its earnings results on Thursday, July 30th. The semiconductor company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.14 by $0.12. The company had revenue of $149.00 million during the quarter, compared to analysts’ expectations of $144.20 million. Cohu had a negative return on equity of 1.96% and a negative net margin of 7.43%.The business’s revenue was up 38.3% on a year-over-year basis. During the same period in the prior year, the business posted $0.02 EPS. Sell-side analysts expect that Cohu, Inc. will post 0.47 earnings per share for the current fiscal year.

Insider Activity at Cohu

In other news, CEO Luis A. Muller sold 45,154 shares of the stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $46.62, for a total transaction of $2,105,079.48. Following the transaction, the chief executive officer owned 927,619 shares of the company’s stock, valued at approximately $43,245,597.78. This trade represents a 4.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Andrew M. Caggia sold 15,252 shares of Cohu stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $51.74, for a total value of $789,138.48. Following the completion of the transaction, the director owned 64,778 shares of the company’s stock, valued at $3,351,613.72. This trade represents a 19.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 106,475 shares of company stock worth $5,079,689 over the last 90 days. Company insiders own 3.05% of the company’s stock.

Analyst Ratings Changes

COHU has been the topic of a number of recent research reports. Zacks Research raised shares of Cohu from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Weiss Ratings reissued a “sell (d-)” rating on shares of Cohu in a research report on Friday, July 17th. Craig Hallum reissued a “buy” rating and issued a $74.00 target price on shares of Cohu in a research note on Friday, July 31st. Stifel Nicolaus lifted their target price on shares of Cohu from $50.00 to $70.00 and gave the company a “buy” rating in a report on Friday, July 10th. Finally, Jefferies Financial Group reaffirmed a “buy” rating and set a $74.00 price target on shares of Cohu in a research report on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Cohu currently has a consensus rating of “Buy” and an average target price of $68.75.

Cohu Profile

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.