11,214 Shares in Cohu, Inc. $COHU Purchased by Freestone Grove Partners LP

Freestone Grove Partners LP acquired a new stake in Cohu, Inc. (NASDAQ:COHU) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 11,214 shares of the semiconductor company’s stock, valued at approximately $829,000.

A number of other large investors also recently bought and sold shares of COHU. Hollencrest Capital Management purchased a new position in Cohu during the first quarter worth about $31,000. Farther Finance Advisors LLC raised its stake in shares of Cohu by 45.0% in 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 period. Kestra Advisory Services LLC purchased a new stake in shares of Cohu in the 4th quarter valued at approximately $34,000. Los Angeles Capital Management LLC acquired a new position in shares of Cohu in the 4th quarter worth approximately $37,000. Finally, Smartleaf Asset Management LLC lifted its holdings 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 worth $41,000 after acquiring an additional 1,415 shares during the last quarter. Institutional investors and hedge funds own 94.67% of the company’s stock.

Cohu Trading Down 7.1%

NASDAQ COHU opened at $48.00 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 4.72 and a current ratio of 5.74. The firm has a market cap of $2.27 billion, a price-to-earnings ratio of -57.83 and a beta of 1.59. The firm has a 50 day simple moving average of $55.26 and a 200-day simple moving average of $45.89. Cohu, Inc. has a one year low of $18.67 and a one year high of $74.60.

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

Analyst Upgrades and Downgrades

Several research firms recently weighed in on COHU. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cohu in a report on Friday, July 17th. Jefferies Financial Group restated a “buy” rating and set a $74.00 price target on shares of Cohu in a research note on Friday, July 31st. Craig Hallum restated a “buy” rating and set a $74.00 price target on shares of Cohu in a research report on Friday, July 31st. TD Cowen lifted their price objective on Cohu from $60.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, June 16th. Finally, Needham & Company LLC boosted their price objective on Cohu from $54.00 to $65.00 and gave the company a “buy” rating in a report on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, Cohu currently has a consensus rating of “Buy” and an average target price of $68.75.

Insiders Place Their Bets

In other news, SVP Christopher Bohrson sold 10,000 shares of the stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $55.82, for a total value of $558,200.00. Following the sale, the senior vice president directly owned 159,702 shares in the company, valued at approximately $8,914,565.64. This trade represents a 5.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Nina Richardson sold 3,055 shares of Cohu stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $51.54, for a total value of $157,454.70. Following the completion of the transaction, the director owned 39,093 shares of the company’s stock, valued at approximately $2,014,853.22. This trade represents a 7.25% 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 a total of 30,307 shares of company stock worth $1,630,573 over the last 90 days. Corporate insiders own 3.05% of the company’s stock.

Cohu Company 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.