Cohu, Inc. $COHU Stake Lifted by Leeward Investments LLC MA

Leeward Investments LLC MA lifted its stake in shares of Cohu, Inc. (NASDAQ:COHU) by 4.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 646,133 shares of the semiconductor company’s stock after acquiring an additional 24,755 shares during the quarter. Leeward Investments LLC MA’s holdings in Cohu were worth $19,785,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Personalized Indexing Management LLC increased its position in shares of Cohu by 2.1% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 16,231 shares of the semiconductor company’s stock valued at $378,000 after purchasing an additional 332 shares during the period. Sheets Smith Wealth Management lifted its holdings in shares of Cohu by 3.0% during the first quarter. Sheets Smith Wealth Management now owns 14,644 shares of the semiconductor company’s stock valued at $448,000 after purchasing an additional 420 shares during the last quarter. US Bancorp DE boosted its position in shares of Cohu by 4.6% in the 3rd quarter. US Bancorp DE now owns 9,847 shares of the semiconductor company’s stock valued at $200,000 after purchasing an additional 432 shares during the period. Farther Finance Advisors LLC increased its stake in Cohu by 45.0% in 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 stake in Cohu by 0.9% in 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 own 94.67% of the company’s stock.

Cohu Stock Down 8.1%

Shares of Cohu stock opened at $64.37 on Wednesday. The firm has a market cap of $3.04 billion, a price-to-earnings ratio of -54.09 and a beta of 1.62. The stock has a 50-day simple moving average of $50.98 and a 200-day simple moving average of $36.41. Cohu, Inc. has a 52-week low of $17.80 and a 52-week high of $70.92. 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 (NASDAQ:COHU) last released 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 firm had revenue of $125.12 million during the quarter, compared to analyst estimates of $122.14 million. Cohu had a negative return on equity of 3.50% and a negative net margin of 11.54%.The company’s quarterly revenue was up 29.3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.02) EPS. On average, equities research analysts expect that Cohu, Inc. will post 0.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of analysts have commented on COHU shares. Zacks Research raised shares of Cohu from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. Jefferies Financial Group set a $60.00 price target on shares of Cohu and gave the company a “buy” rating in a report on Friday, May 1st. Weiss Ratings restated a “sell (d-)” rating on shares of Cohu in a research report on Monday, April 20th. Needham & Company LLC raised their price objective 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. Finally, Stifel Nicolaus lifted their price objective on shares of Cohu from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, March 18th. Six 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 MarketBeat, Cohu currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.33.

Insider Activity at Cohu

In other news, Director Steven J. Bilodeau sold 10,257 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $44.85, for a total transaction of $460,026.45. Following the transaction, the director owned 52,272 shares in the company, valued at $2,344,399.20. This represents a 16.40% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director James A. Donahue sold 10,257 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $46.77, for a total transaction of $479,719.89. Following the transaction, the director owned 3,578 shares in the company, valued at $167,343.06. This represents a 74.14% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold a total of 90,668 shares of company stock worth $4,248,016 over the last quarter. 3.05% of the stock is currently owned by corporate 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.