Fifth Third Bancorp boosted its position in Cohu, Inc. (NASDAQ:COHU – Free Report) by 8,267.3% during the first quarter, HoldingsChannel.com reports. The institutional investor owned 39,159 shares of the semiconductor company’s stock after acquiring an additional 38,691 shares during the quarter. Fifth Third Bancorp’s holdings in Cohu were worth $1,199,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently added to or reduced their stakes in COHU. Hsbc Holdings PLC acquired a new position in shares of Cohu in the first quarter worth about $1,087,000. Louisiana State Employees Retirement System purchased a new stake in Cohu during the 1st quarter worth approximately $634,000. Assenagon Asset Management S.A. acquired a new position in shares of Cohu in the 1st quarter valued at approximately $705,000. Leeward Investments LLC MA raised its position in shares of Cohu by 4.0% in the 1st quarter. Leeward Investments LLC MA now owns 646,133 shares of the semiconductor company’s stock valued at $19,785,000 after purchasing an additional 24,755 shares in the last quarter. Finally, Sheets Smith Wealth Management boosted its stake in shares of Cohu by 3.0% during the 1st quarter. Sheets Smith Wealth Management now owns 14,644 shares of the semiconductor company’s stock valued at $448,000 after buying an additional 420 shares during the last quarter. 94.67% of the stock is owned by hedge funds and other institutional investors.
Cohu Stock Performance
Cohu stock opened at $50.70 on Friday. The company has a market cap of $2.39 billion, a PE ratio of -42.60 and a beta of 1.55. The company has a fifty day moving average price of $56.71 and a two-hundred day moving average price of $41.78. 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, Inc. has a 12 month low of $17.80 and a 12 month high of $74.60.
Analyst Ratings Changes
A number of analysts recently issued reports on the stock. Robert W. Baird began coverage on shares of Cohu in a research note on Wednesday, July 8th. They issued an “outperform” rating and a $65.00 price target for the company. 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. Stifel Nicolaus raised their price objective on shares of Cohu from $50.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Weiss Ratings restated a “sell (d-)” rating on shares of Cohu in a research note on Friday, July 17th. Finally, Needham & Company LLC increased their price target on shares of Cohu from $33.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $63.86.
Check Out Our Latest Stock Analysis on Cohu
Insider Buying and Selling at Cohu
In related news, Director James A. Donahue sold 10,257 shares of the stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $46.77, for a total transaction of $479,719.89. Following the sale, the director owned 3,578 shares in the company, valued at $167,343.06. This represents a 74.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Steven J. Bilodeau sold 10,257 shares of Cohu stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $44.85, for a total value of $460,026.45. Following the completion of the transaction, the director 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 ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 89,668 shares of company stock worth $4,210,016. 3.05% of the stock is owned by company insiders.
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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