Emerald Advisers LLC Purchases Shares of 780,099 Cohu, Inc. $COHU

Emerald Advisers LLC acquired a new stake in shares of Cohu, Inc. (NASDAQ:COHU) in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 780,099 shares of the semiconductor company’s stock, valued at approximately $23,887,000.

Other institutional investors also recently made changes to their positions in the company. Tudor Investment Corp ET AL acquired a new stake in shares of Cohu during the 3rd quarter worth $243,960,000. Vanguard Group Inc. boosted its holdings in Cohu by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 4,361,164 shares of the semiconductor company’s stock valued at $101,484,000 after acquiring an additional 57,618 shares during the last quarter. Royce & Associates LP boosted its holdings in Cohu by 0.4% in the fourth quarter. Royce & Associates LP now owns 1,918,424 shares of the semiconductor company’s stock valued at $44,642,000 after acquiring an additional 7,927 shares during the last quarter. State Street Corp grew its position in Cohu by 0.3% during the fourth quarter. State Street Corp now owns 1,819,530 shares of the semiconductor company’s stock valued at $42,340,000 after acquiring an additional 5,439 shares during the period. Finally, SG Capital Management LLC purchased a new stake in Cohu during the fourth quarter valued at about $33,174,000. 94.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Zacks Research upgraded Cohu from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. TD Cowen increased their target price 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. Stifel Nicolaus raised their price target on shares of Cohu from $50.00 to $70.00 and gave the company a “buy” rating in a report on Friday. Jefferies Financial Group set a $60.00 price target on shares of Cohu and gave the company a “buy” rating in a research report on Friday, May 1st. Finally, Robert W. Baird initiated coverage on shares of Cohu in a research note on Wednesday, July 8th. They set an “outperform” rating and a $65.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Cohu has a consensus rating of “Moderate Buy” and an average target price of $59.29.

Cohu Trading Down 6.0%

NASDAQ:COHU opened at $52.81 on Tuesday. The business’s 50-day moving average is $55.90 and its two-hundred day moving average is $40.01. The firm has a market capitalization of $2.49 billion, a PE ratio of -44.38 and a beta of 1.55. Cohu, Inc. has a 12 month low of $17.80 and a 12 month high of $74.60. 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 issued its earnings results 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). Cohu had a negative return on equity of 3.50% and a negative net margin of 11.54%.The company had revenue of $125.12 million during the quarter, compared to analysts’ expectations of $122.14 million. During the same period in the previous year, the company earned ($0.02) EPS. Cohu’s quarterly revenue was up 29.3% on a year-over-year basis. Research analysts predict that Cohu, Inc. will post 0.17 earnings per share for the current fiscal year.

Insider Activity

In related 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 transaction, the director directly owned 52,272 shares of the company’s stock, valued at approximately $2,344,399.20. The trade was a 16.40% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director William Bendush sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $49.14, for a total value of $368,550.00. Following the completion of the transaction, the director owned 24,780 shares of the company’s stock, valued at approximately $1,217,689.20. This represents a 23.23% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 90,668 shares of company stock worth $4,248,016 in the last ninety days. 3.05% of the stock is currently owned by company insiders.

Cohu 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.