Hsbc Holdings PLC Acquires Shares of 30,545 Cohu, Inc. $COHU

Hsbc Holdings PLC bought a new position in Cohu, Inc. (NASDAQ:COHUFree Report) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 30,545 shares of the semiconductor company’s stock, valued at approximately $2,190,000. Hsbc Holdings PLC owned about 0.06% of Cohu at the end of the most recent reporting period.

Several other hedge funds have also recently made changes to their positions in COHU. Hollencrest Capital Management bought a new position in shares of Cohu during the 1st quarter worth $31,000. Farther Finance Advisors LLC raised its stake 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 acquiring an additional 452 shares during the period. Kestra Advisory Services LLC bought a new stake in Cohu in the 4th quarter valued at about $34,000. Los Angeles Capital Management LLC purchased a new stake in Cohu during the fourth quarter valued at about $37,000. Finally, Smartleaf Asset Management LLC lifted its holdings in Cohu by 202.7% during the second quarter. Smartleaf Asset Management LLC now owns 2,113 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 1,415 shares during the last quarter. 94.67% of the stock is currently owned by institutional investors.

Cohu Stock Performance

Shares of Cohu stock opened at $48.00 on Monday. The company’s 50-day moving average price is $55.26 and its 200-day moving average price is $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, Inc. has a 12-month low of $18.67 and a 12-month high of $74.60. The company has a market cap of $2.27 billion, a price-to-earnings ratio of -57.83 and a beta of 1.59.

Cohu (NASDAQ:COHUGet Free Report) last posted its earnings results on Thursday, July 30th. The semiconductor company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates of $0.14 by $0.12. Cohu had a negative net margin of 7.43% and a negative return on equity of 1.96%. The business had revenue of $149.00 million for the quarter, compared to analyst estimates of $144.20 million. During the same quarter in the prior year, the firm posted $0.02 EPS. Cohu’s revenue was up 38.3% on a year-over-year basis. On average, equities analysts expect that Cohu, Inc. will post 0.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. Robert W. Baird assumed coverage on shares of Cohu in a research report on Wednesday, July 8th. They issued an “outperform” rating and a $65.00 price target on the stock. Zacks Research raised shares of Cohu from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. B. Riley Financial lifted 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. Weiss Ratings reissued a “sell (d-)” rating on shares of Cohu in a report on Friday, July 17th. Finally, Jefferies Financial Group restated a “buy” rating and set a $74.00 target price on shares of Cohu in a research report on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $68.75.

View Our Latest Report on COHU

Insider Transactions at Cohu

In related news, Director Nina Richardson sold 3,055 shares of Cohu stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $51.54, for a total transaction of $157,454.70. Following the completion of the sale, the director owned 39,093 shares of the company’s stock, valued at approximately $2,014,853.22. This trade represents a 7.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Andrew M. Caggia sold 15,252 shares of the business’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $51.74, for a total value of $789,138.48. Following the transaction, the director owned 64,778 shares of the company’s stock, valued at approximately $3,351,613.72. The trade was a 19.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 30,307 shares of company stock valued at $1,630,573. 3.05% of the stock is currently owned by company insiders.

Cohu Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Cohu (NASDAQ:COHU)

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