Leeward Investments LLC MA reduced its position in shares of Cohu, Inc. (NASDAQ:COHU – Free Report) by 72.2% in the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 147,180 shares of the semiconductor company’s stock after selling 381,339 shares during the quarter. Leeward Investments LLC MA’s holdings in Cohu were worth $10,029,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of the company. Signaturefd LLC lifted its holdings in shares of Cohu by 20.3% in the third quarter. Signaturefd LLC now owns 6,488 shares of the semiconductor company’s stock valued at $442,000 after buying an additional 1,093 shares during the period. Fifth Third Wealth Advisors LLC bought a new position in Cohu during the third quarter valued at about $237,000. Sterling Capital Management LLC boosted its stake in Cohu by 199.5% during the third quarter. Sterling Capital Management LLC now owns 1,324 shares of the semiconductor company’s stock valued at $90,000 after buying an additional 882 shares in the last quarter. Hidden Cove Wealth Management LLC grew its holdings in Cohu by 23.1% during the third quarter. Hidden Cove Wealth Management LLC now owns 7,233 shares of the semiconductor company’s stock worth $493,000 after acquiring an additional 1,355 shares during the period. Finally, Vontobel Holding Ltd. grew its holdings in Cohu by 23.3% during the third quarter. Vontobel Holding Ltd. now owns 14,380 shares of the semiconductor company’s stock worth $980,000 after acquiring an additional 2,722 shares during the period. 94.67% of the stock is currently owned by institutional investors and hedge funds.
Analyst Ratings Changes
Several equities research analysts have commented on COHU shares. Stifel Nicolaus boosted their price target on shares of Cohu from $50.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Craig Hallum restated a “buy” rating and set a $74.00 price objective on shares of Cohu in a research report on Friday, July 31st. Zacks Research cut shares of Cohu from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 28th. Robert W. Baird initiated coverage on Cohu in a report on Wednesday, July 8th. They issued an “outperform” rating and a $65.00 price target on the stock. Finally, B. Riley Financial upped their target price on Cohu from $65.00 to $69.00 and gave the company a “buy” rating in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Cohu has a consensus rating of “Moderate Buy” and an average target price of $68.75.
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Cohu Stock Performance
NASDAQ:COHU opened at $47.96 on Monday. Cohu, Inc. has a 1 year low of $21.10 and a 1 year high of $75.72. The firm’s fifty day simple moving average is $57.47 and its 200 day simple moving average is $53.89. The company has a current ratio of 5.74, a quick ratio of 4.72 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $2.27 billion, a PE ratio of -57.78 and a beta of 1.51.
Cohu (NASDAQ:COHU – Get Free Report) last announced its earnings results on Thursday, July 30th. The semiconductor company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.14 by $0.12. The firm had revenue of $149.00 million for the quarter, compared to the consensus estimate of $144.20 million. Cohu had a negative net margin of 7.43% and a negative return on equity of 1.96%. The business’s quarterly revenue was up 38.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.02 EPS. On average, sell-side analysts anticipate that Cohu, Inc. will post 0.43 EPS for the current year.
Insider Activity
In other news, CEO Luis A. Muller sold 21,662 shares of the firm’s stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $73.00, for a total value of $1,581,326.00. Following the sale, the chief executive officer directly owned 822,927 shares of the company’s stock, valued at approximately $60,073,671. This trade represents a 2.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 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, insider Christopher Bohrson sold 1,000 shares of the firm’s stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $55.31, for a total value of $55,310.00. Following the completion of the sale, the insider directly owned 157,702 shares in the company, valued at approximately $8,722,497.62. This represents a 0.63% 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. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 134,999 shares of company stock valued at $8,321,309 over the last three months. 3.05% of the stock is currently owned by insiders.
Cohu Profile
Cohu, Inc is a global provider of semiconductor test and inspection equipment and related services. The company supplies solutions used by semiconductor manufacturers and outsourced semiconductor assembly and test providers to evaluate devices during production, helping improve manufacturing quality, reliability and efficiency.
Cohu’s product portfolio includes semiconductor test handlers, contactors and other interface products, inspection and metrology systems, thermal-management equipment, and software for test-data analysis and factory automation.
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