Cohu, Inc. $COHU Shares Newly Bought by Lisanti Capital Growth LLC

Lisanti Capital Growth LLC bought a new stake in Cohu, Inc. (NASDAQ:COHU) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 41,650 shares of the semiconductor company’s stock, valued at approximately $2,838,000. Lisanti Capital Growth LLC owned 0.09% of Cohu as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also bought and sold shares of the company. CoreCap Advisors LLC increased its position in shares of Cohu by 150.0% during the 3rd quarter. CoreCap Advisors LLC now owns 500 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 300 shares during the last quarter. Fortitude Family Office LLC lifted its stake in shares of Cohu by 147.9% in the 3rd quarter. Fortitude Family Office LLC now owns 528 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 315 shares during the period. Parallel Advisors LLC boosted its holdings in shares of Cohu by 17.7% in the third quarter. Parallel Advisors LLC now owns 2,510 shares of the semiconductor company’s stock worth $171,000 after buying an additional 378 shares during the last quarter. Choreo LLC boosted its holdings in shares of Cohu by 12.0% in the third quarter. Choreo LLC now owns 4,187 shares of the semiconductor company’s stock worth $285,000 after buying an additional 450 shares during the last quarter. Finally, Allworth Financial LP boosted its holdings in shares of Cohu by 109.8% in the second quarter. Allworth Financial LP now owns 879 shares of the semiconductor company’s stock worth $65,000 after buying an additional 460 shares during the last quarter. 94.67% of the stock is owned by hedge funds and other institutional investors.

Cohu Trading Up 5.5%

Cohu stock opened at $45.97 on Thursday. The firm has a market capitalization of $2.18 billion, a price-to-earnings ratio of -88.40 and a beta of 1.60. Cohu, Inc. has a 12-month low of $21.10 and a 12-month high of $75.72. The firm has a 50 day moving average of $56.01 and a 200 day moving average of $47.53. The company has a current ratio of 5.16, a quick ratio of 4.24 and a debt-to-equity ratio of 0.36.

Cohu (NASDAQ:COHU) last announced its quarterly earnings data on Wednesday, October 28th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.08. The firm had revenue of $172.96 million during the quarter, compared to analysts’ expectations of $170.25 million. Cohu had a negative net margin of 3.97% and a positive return on equity of 1.47%. The company’s revenue for the quarter was up 37.0% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.06) earnings per share. As a group, research analysts predict that Cohu, Inc. will post 0.63 earnings per share for the current year.

Insider Buying and Selling at Cohu

In other news, CEO Luis Muller sold 55,794 shares of the business’s stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $60.00, for a total value of $3,347,640.00. Following the transaction, the chief executive officer directly owned 871,825 shares in the company, valued at $52,309,500. The trade was a 6.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Christopher Bohrson sold 10,000 shares of the company’s stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $55.82, for a total value of $558,200.00. Following the completion of the transaction, the senior vice president directly owned 159,702 shares of the company’s stock, valued at approximately $8,914,565.64. This trade represents a 5.89% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold a total of 116,692 shares of company stock valued at $7,374,716 in the last ninety days. 3.05% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on COHU shares. Robert W. Baird set a $83.00 target price on shares of Cohu in a research report on Thursday, October 29th. Needham & Company LLC reiterated a “buy” rating and issued a $65.00 price target on shares of Cohu in a research report on Thursday, October 29th. Wall Street Zen upgraded shares of Cohu from a “hold” rating to a “buy” rating in a research note on Saturday, November 7th. Jefferies Financial Group reissued a “buy” rating and set a $90.00 price objective on shares of Cohu in a research report on Thursday, October 29th. Finally, Craig Hallum reissued a “buy” rating and set a $74.00 price objective on shares of Cohu in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $72.50.

Cohu Profile

Cohu, Inc. designs and manufactures equipment and components used to test, inspect, and handle semiconductors. Its products include semiconductor test handlers, inspection systems, test contactors, and thermal subsystems that support testing at various stages of chip production. The company serves semiconductor manufacturers and outsourced semiconductor assembly and test providers around the world. Its equipment is used across a range of semiconductor applications, including devices for automotive, industrial, communications, and consumer markets.