SG Americas Securities LLC Has $694,000 Stock Position in Cohu, Inc. $COHU

SG Americas Securities LLC lowered its stake in Cohu, Inc. (NASDAQ:COHU) by 49.1% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 22,665 shares of the semiconductor company’s stock after selling 21,864 shares during the quarter. SG Americas Securities LLC’s holdings in Cohu were worth $694,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in COHU. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Cohu by 3.4% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,214 shares of the semiconductor company’s stock worth $400,000 after purchasing an additional 905 shares in the last quarter. Caxton Associates LLP bought a new position in shares of Cohu during the first quarter worth about $276,000. Jane Street Group LLC raised its position in Cohu by 2,042.7% in the 1st quarter. Jane Street Group LLC now owns 162,674 shares of the semiconductor company’s stock valued at $2,393,000 after buying an additional 155,082 shares during the last quarter. American Century Companies Inc. raised its position in Cohu by 4.9% in the 2nd quarter. American Century Companies Inc. now owns 114,361 shares of the semiconductor company’s stock valued at $2,200,000 after buying an additional 5,297 shares during the last quarter. Finally, Invesco Ltd. lifted its stake in Cohu by 478.4% in the 2nd quarter. Invesco Ltd. now owns 1,175,282 shares of the semiconductor company’s stock valued at $22,612,000 after acquiring an additional 972,088 shares in the last quarter. 94.67% of the stock is owned by institutional investors.

Cohu Stock Performance

Cohu stock traded down $5.27 during mid-day trading on Tuesday, hitting $53.43. 112,182 shares of the company’s stock traded hands, compared to its average volume of 1,138,086. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.43 and a quick ratio of 5.31. The firm has a 50 day simple moving average of $55.14 and a two-hundred day simple moving average of $38.96. 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 $2.52 billion, a price-to-earnings ratio of -44.66 and a beta of 1.55.

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

Insider Activity

In other news, Director Steven J. Bilodeau sold 10,257 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director owned 52,272 shares in the company, valued at $2,344,399.20. The trade was a 16.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CEO Luis A. Muller sold 45,154 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $46.62, for a total value of $2,105,079.48. Following the transaction, the chief executive officer owned 927,619 shares in the company, valued at approximately $43,245,597.78. This trade represents a 4.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last three months, insiders sold 90,668 shares of company stock valued at $4,248,016. Company insiders own 3.05% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on COHU shares. TD Cowen boosted their price objective on shares of Cohu from $60.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, June 16th. Zacks Research upgraded shares of Cohu from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. B. Riley Financial reissued a “buy” rating on shares of Cohu in a research report on Monday, April 20th. Needham & Company LLC upped their price objective on Cohu from $33.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Finally, Jefferies Financial Group set a $60.00 price target on shares of Cohu and gave the stock a “buy” rating in a research report on Friday, May 1st. Six investment 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. Based on data from MarketBeat.com, Cohu has a consensus rating of “Moderate Buy” and a consensus price target of $52.33.

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.