Mizuho Markets Americas LLC raised its stake in Cohu, Inc. (NASDAQ:COHU – Free Report) by 349.3% in the 4th quarter, HoldingsChannel reports. The fund owned 302,838 shares of the semiconductor company’s stock after buying an additional 235,438 shares during the quarter. Mizuho Markets Americas LLC’s holdings in Cohu were worth $7,047,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in COHU. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Cohu by 3.4% in the 1st 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 in the last quarter. Caxton Associates LLP acquired a new stake in Cohu in the 1st quarter valued at about $276,000. Jane Street Group LLC increased 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 acquiring an additional 155,082 shares in the last quarter. American Century Companies Inc. increased 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 acquiring an additional 5,297 shares in the last quarter. Finally, Invesco Ltd. increased its position 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. Institutional investors and hedge funds own 94.67% of the company’s stock.
Insider Buying and Selling
In related news, SVP Christopher Bohrson sold 1,500 shares of Cohu stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $51.28, for a total transaction of $76,920.00. Following the transaction, the senior vice president owned 173,702 shares of the company’s stock, valued at $8,907,438.56. This trade represents a 0.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Steven J. Bilodeau sold 10,257 shares of Cohu 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 in the company, valued at $2,344,399.20. The trade was a 16.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold 22,257 shares of company stock valued at $1,018,986 in the last 90 days. 3.05% of the stock is owned by insiders.
Analysts Set New Price Targets
Get Our Latest Stock Analysis on COHU
Cohu Stock Up 1.9%
Shares of NASDAQ COHU opened at $46.53 on Friday. The firm has a market capitalization of $2.19 billion, a PE ratio of -39.10 and a beta of 1.61. The company has a current ratio of 6.43, a quick ratio of 5.31 and a debt-to-equity ratio of 0.37. Cohu, Inc. has a 1 year low of $16.46 and a 1 year high of $52.43. The firm’s 50-day moving average is $39.09 and its 200-day moving average is $30.94.
Cohu (NASDAQ:COHU – Get Free Report) last issued its earnings results on Thursday, April 30th. The semiconductor company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.02). The business 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%. The firm’s revenue for the quarter was up 29.3% compared to the same quarter last year. During the same period last year, the business posted ($0.02) EPS. Equities analysts expect that Cohu, Inc. will post 0.17 EPS for the current year.
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.
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