ProShare Advisors LLC acquired a new stake in shares of Cohu, Inc. (NASDAQ:COHU – Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 8,905 shares of the semiconductor company’s stock, valued at approximately $207,000.
Several other institutional investors also recently bought and sold shares of COHU. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Cohu by 3.4% during 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 buying an additional 905 shares during the period. Caxton Associates LLP purchased a new position in Cohu during the first quarter valued at approximately $276,000. Jane Street Group LLC increased its holdings in Cohu by 2,042.7% during the first quarter. Jane Street Group LLC now owns 162,674 shares of the semiconductor company’s stock valued at $2,393,000 after buying an additional 155,082 shares during the period. American Century Companies Inc. grew its holdings in Cohu by 4.9% in the second 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 during the last quarter. Finally, Invesco Ltd. grew its holdings in Cohu by 478.4% in the second quarter. Invesco Ltd. now owns 1,175,282 shares of the semiconductor company’s stock worth $22,612,000 after purchasing an additional 972,088 shares during the last quarter. 94.67% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Several equities analysts have issued reports on COHU shares. B. Riley Financial reaffirmed a “buy” rating on shares of Cohu in a report on Monday, April 20th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cohu in a report on Monday, April 20th. Evercore reaffirmed an “outperform” rating and issued a $53.00 price target on shares of Cohu in a report on Tuesday, April 28th. Needham & Company LLC lifted their price target on shares of Cohu from $33.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Finally, TD Cowen lifted their price target on shares of Cohu from $35.00 to $60.00 and gave the stock a “buy” rating in a 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 assigned a Sell rating to the company’s stock. According to data from MarketBeat, Cohu currently has a consensus rating of “Moderate Buy” and a consensus price target of $49.00.
Insider Buying and Selling at Cohu
In other news, SVP Christopher Bohrson sold 1,000 shares of Cohu stock in a transaction on Friday, May 15th. The shares were sold at an average price of $46.92, for a total transaction of $46,920.00. Following the completion of the sale, the senior vice president directly owned 172,702 shares in the company, valued at approximately $8,103,177.84. The trade was a 0.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 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. Also, Director James A. Donahue sold 10,257 shares of Cohu stock in a transaction on Friday, May 22nd. The stock was 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 of the company’s stock, valued at $167,343.06. The trade was a 74.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 90,668 shares of company stock valued at $4,212,706. Company insiders own 3.05% of the company’s stock.
Cohu Price Performance
NASDAQ COHU opened at $57.59 on Wednesday. Cohu, Inc. has a 12-month low of $17.38 and a 12-month high of $58.47. The firm’s fifty day simple moving average is $41.88 and its two-hundred day simple moving average is $32.19. The company has a current ratio of 6.43, a quick ratio of 5.31 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $2.72 billion, a P/E ratio of -48.39 and a beta of 1.62.
Cohu (NASDAQ:COHU – Get Free Report) last posted its quarterly earnings data 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 analyst estimates of $122.14 million. During the same quarter in the previous year, the firm posted ($0.02) earnings per share. The company’s quarterly revenue was up 29.3% on a year-over-year basis. Analysts forecast that Cohu, Inc. will post 0.17 EPS for the current fiscal year.
Cohu 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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