Vanguard Group Inc. Boosts Stock Position in Cohu, Inc. $COHU

Vanguard Group Inc. boosted its holdings in shares of Cohu, Inc. (NASDAQ:COHU) by 1.3% during the 4th quarter, Holdings Channel.com reports. The firm owned 4,361,164 shares of the semiconductor company’s stock after purchasing an additional 57,618 shares during the quarter. Vanguard Group Inc. owned approximately 0.09% of Cohu worth $101,484,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Tudor Investment Corp ET AL purchased a new stake in Cohu during the 3rd quarter worth approximately $243,960,000. Royce & Associates LP increased its holdings in Cohu by 4.7% during the 3rd quarter. Royce & Associates LP now owns 1,910,497 shares of the semiconductor company’s stock worth $38,840,000 after purchasing an additional 85,662 shares during the last quarter. Invesco Ltd. increased its holdings in Cohu by 478.4% during the 2nd quarter. Invesco Ltd. now owns 1,175,282 shares of the semiconductor company’s stock worth $22,612,000 after purchasing an additional 972,088 shares during the last quarter. Millennium Management LLC increased its holdings in Cohu by 111.1% during the 3rd quarter. Millennium Management LLC now owns 354,684 shares of the semiconductor company’s stock worth $7,211,000 after purchasing an additional 186,632 shares during the last quarter. Finally, CSM Advisors LLC increased its holdings in Cohu by 76.1% during the 3rd quarter. CSM Advisors LLC now owns 299,118 shares of the semiconductor company’s stock worth $6,081,000 after purchasing an additional 129,216 shares during the last quarter. 94.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have issued reports on COHU. Weiss Ratings restated a “sell (d-)” rating on shares of Cohu in a report on Monday, April 20th. TD Cowen upped their price target on Cohu from $35.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Stifel Nicolaus upped their price target on Cohu from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, March 18th. Zacks Research raised Cohu from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Finally, B. Riley Financial reissued a “buy” rating on shares of Cohu in a research report on Monday, April 20th. Six research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Cohu has a consensus rating of “Moderate Buy” and a consensus price target of $49.00.

Cohu Price Performance

Shares of COHU opened at $49.16 on Thursday. The company has a market cap of $2.32 billion, a P/E ratio of -41.31 and a beta of 1.61. The stock has a fifty day moving average price of $36.70 and a 200 day moving average price of $29.90. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.43 and a quick ratio of 5.31. Cohu, Inc. has a 12 month low of $16.46 and a 12 month high of $52.43.

Cohu (NASDAQ:COHU) last issued its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The company had revenue of $125.12 million for the quarter, compared to the consensus estimate of $122.14 million. Cohu had a negative return on equity of 3.50% and a negative net margin of 11.54%.Cohu’s quarterly revenue was up 29.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned ($0.02) earnings per share. On average, research analysts forecast that Cohu, Inc. will post 0.17 earnings per share for the current year.

Insider Buying and Selling

In related news, SVP Christopher Bohrson sold 1,500 shares of the company’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $51.28, for a total transaction of $76,920.00. Following the completion of the transaction, the senior vice president directly owned 173,702 shares in the company, valued at $8,907,438.56. This represents a 0.86% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 3,500 shares of company stock worth $143,490. 3.05% of the stock is owned by corporate insiders.

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.