Hsbc Holdings PLC Invests $2.19 Million in Cohu, Inc. $COHU

Hsbc Holdings PLC acquired a new stake in shares of Cohu, Inc. (NASDAQ:COHU) during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The firm acquired 30,545 shares of the semiconductor company’s stock, valued at approximately $2,190,000.

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

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on COHU. TD Cowen raised their price objective on Cohu from $60.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, June 16th. Jefferies Financial Group reiterated a “buy” rating and set a $74.00 price target on shares of Cohu in a research report on Friday, July 31st. Stifel Nicolaus lifted their price target on shares of Cohu from $50.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. Robert W. Baird started coverage on shares of Cohu in a report on Wednesday, July 8th. They issued an “outperform” rating and a $65.00 price objective for the company. Finally, B. Riley Financial upped their price objective on shares of Cohu from $65.00 to $69.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average price target of $68.75.

Cohu Stock Performance

NASDAQ COHU opened at $48.00 on Monday. The firm has a market cap of $2.27 billion, a PE ratio of -57.83 and a beta of 1.59. Cohu, Inc. has a 1-year low of $18.67 and a 1-year high of $74.60. The stock has a 50-day moving average of $55.26 and a 200-day moving average of $45.99. The company has a current ratio of 5.74, a quick ratio of 4.72 and a debt-to-equity ratio of 0.37.

Cohu (NASDAQ:COHU) last announced its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.12. Cohu had a negative return on equity of 1.96% and a negative net margin of 7.43%.The business had revenue of $149.00 million for the quarter, compared to analysts’ expectations of $144.20 million. During the same period in the previous year, the firm earned $0.02 EPS. The business’s quarterly revenue was up 38.3% on a year-over-year basis. As a group, sell-side analysts forecast that Cohu, Inc. will post 0.47 EPS for the current year.

Insider Transactions at Cohu

In related news, Director Andrew M. Caggia sold 15,252 shares of the company’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $51.74, for a total transaction of $789,138.48. Following the completion of the sale, the director directly owned 64,778 shares in the company, valued at $3,351,613.72. This represents a 19.06% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Christopher Bohrson sold 10,000 shares of the stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $55.82, for a total transaction of $558,200.00. Following the sale, the senior vice president directly owned 159,702 shares of the company’s stock, valued at $8,914,565.64. The trade was a 5.89% 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 90 days, insiders have sold 30,307 shares of company stock worth $1,630,573. Insiders own 3.05% of the company’s stock.

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.