TradeLink Capital LLC purchased a new position in shares of Cohu, Inc. (NASDAQ:COHU – Free Report) during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund purchased 16,874 shares of the semiconductor company’s stock, valued at approximately $393,000. Cohu accounts for approximately 3.1% of TradeLink Capital LLC’s holdings, making the stock its 9th largest holding.
Several other large investors have also modified their holdings of the company. US Bancorp DE grew its position in shares of Cohu by 4.6% during the third quarter. US Bancorp DE now owns 9,847 shares of the semiconductor company’s stock worth $200,000 after acquiring an additional 432 shares during the last quarter. Farther Finance Advisors LLC raised its position in Cohu by 45.0% in the 4th quarter. Farther Finance Advisors LLC now owns 1,456 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 452 shares during the last quarter. Amalgamated Bank boosted its stake in Cohu by 3.4% during the 3rd quarter. Amalgamated Bank now owns 13,712 shares of the semiconductor company’s stock worth $279,000 after purchasing an additional 457 shares during the period. Bessemer Group Inc. boosted its stake in Cohu by 45.4% during the 3rd quarter. Bessemer Group Inc. now owns 1,564 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 488 shares during the period. Finally, CANADA LIFE ASSURANCE Co grew its position in Cohu by 0.9% during 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 during the last quarter. 94.67% of the stock is owned by institutional investors and hedge funds.
Insider Transactions at Cohu
In other Cohu news, SVP Christopher Bohrson sold 1,000 shares of the stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $38.00, for a total transaction of $38,000.00. Following the transaction, the senior vice president owned 175,202 shares of the company’s stock, valued at $6,657,676. This represents a 0.57% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. 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. Company insiders own 3.05% of the company’s stock.
Cohu Trading Up 3.5%
Cohu (NASDAQ:COHU – Get Free Report) last issued its earnings results on Thursday, April 30th. The semiconductor company reported $0.01 EPS 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 for the quarter, compared to analysts’ expectations of $122.14 million. During the same quarter in the previous year, the firm posted ($0.02) earnings per share. Cohu’s revenue for the quarter was up 29.3% on a year-over-year basis. As a group, equities research analysts anticipate that Cohu, Inc. will post 0.17 earnings per share for the current year.
Wall Street Analyst Weigh In
A number of research analysts have commented on COHU shares. Jefferies Financial Group set a $60.00 price objective on shares of Cohu and gave the company a “buy” rating in a research note on Friday, May 1st. Evercore reissued an “outperform” rating and set a $53.00 price target on shares of Cohu in a report on Tuesday, April 28th. Stifel Nicolaus boosted their price target on Cohu from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, March 18th. TD Cowen upped their price objective on Cohu from $35.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Finally, Needham & Company LLC increased their price objective on Cohu from $33.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Six research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, Cohu currently has an average rating of “Moderate Buy” and a consensus target price of $49.00.
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.
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