Legacy Capital Group California Inc. Has $274,000 Stock Holdings in Cohu, Inc. $COHU

Legacy Capital Group California Inc. decreased its position in Cohu, Inc. (NASDAQ:COHUFree Report) by 51.6% during the 1st quarter, Holdings Channel reports. The firm owned 8,944 shares of the semiconductor company’s stock after selling 9,532 shares during the quarter. Legacy Capital Group California Inc.’s holdings in Cohu were worth $274,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. Principal Financial Group Inc. boosted its position in Cohu by 2.0% in the first quarter. Principal Financial Group Inc. now owns 226,916 shares of the semiconductor company’s stock valued at $6,948,000 after buying an additional 4,417 shares in the last quarter. Fifth Third Bancorp grew its stake in Cohu by 8,267.3% during the first quarter. Fifth Third Bancorp now owns 39,159 shares of the semiconductor company’s stock worth $1,199,000 after buying an additional 38,691 shares during the last quarter. Hsbc Holdings PLC acquired a new stake in shares of Cohu during the first quarter worth approximately $1,087,000. Louisiana State Employees Retirement System bought a new position in shares of Cohu in the first quarter valued at approximately $634,000. Finally, Assenagon Asset Management S.A. bought a new position in shares of Cohu in the first quarter valued at approximately $705,000. Institutional investors and hedge funds own 94.67% of the company’s stock.

Cohu Stock Down 1.4%

Shares of COHU opened at $55.02 on Thursday. The business’s fifty day moving average price is $56.15 and its two-hundred day moving average price is $40.46. The firm has a market capitalization of $2.60 billion, a price-to-earnings ratio of -46.23 and a beta of 1.55. Cohu, Inc. has a 52 week low of $17.80 and a 52 week high of $74.60. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.31 and a current ratio of 6.43.

Cohu (NASDAQ:COHUGet Free Report) last issued its quarterly 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). Cohu had a negative net margin of 11.54% and a negative return on equity of 3.50%. The firm had revenue of $125.12 million for the quarter, compared to analyst estimates of $122.14 million. During the same period last year, the company earned ($0.02) EPS. The company’s revenue was up 29.3% compared to the same quarter last year. On average, analysts predict that Cohu, Inc. will post 0.17 earnings per share for the current year.

Insider Transactions at Cohu

In other Cohu news, Director Steven J. Bilodeau sold 10,257 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $44.85, for a total transaction of $460,026.45. Following the completion of the sale, the director directly 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 position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Luis A. Muller sold 45,154 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $46.62, for a total transaction of $2,105,079.48. Following the transaction, the chief executive officer owned 927,619 shares in the company, valued at approximately $43,245,597.78. The trade was a 4.64% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 89,668 shares of company stock valued at $4,210,016. 3.05% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Cohu in a research report on Monday, April 20th. Jefferies Financial Group set a $60.00 price objective on Cohu and gave the company a “buy” rating in a research report on Friday, May 1st. Robert W. Baird initiated coverage on Cohu in a report on Wednesday, July 8th. They set an “outperform” rating and a $65.00 target price on the stock. B. Riley Financial restated a “buy” rating on shares of Cohu in a research note on Monday, April 20th. Finally, Evercore reaffirmed an “outperform” rating and issued a $53.00 price target on shares of Cohu in a report on Tuesday, April 28th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $59.29.

Get Our Latest Stock Analysis on Cohu

Cohu 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.

See Also

Want to see what other hedge funds are holding COHU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cohu, Inc. (NASDAQ:COHUFree Report).

Institutional Ownership by Quarter for Cohu (NASDAQ:COHU)

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