Nano Cap New Millennium Growth Fund L P Makes New Investment in Cohu, Inc. $COHU

Nano Cap New Millennium Growth Fund L P purchased a new position in shares of Cohu, Inc. (NASDAQ:COHU) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 21,500 shares of the semiconductor company’s stock, valued at approximately $500,000.

A number of other hedge funds have also made changes to their positions in COHU. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Cohu by 3.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,214 shares of the semiconductor company’s stock valued at $400,000 after acquiring an additional 905 shares during the last quarter. Caxton Associates LLP purchased a new position in shares of Cohu in the 1st quarter valued at about $276,000. Jane Street Group LLC increased its holdings in shares of Cohu by 2,042.7% in the 1st quarter. Jane Street Group LLC now owns 162,674 shares of the semiconductor company’s stock valued at $2,393,000 after acquiring an additional 155,082 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of Cohu by 4.9% in the 2nd quarter. American Century Companies Inc. now owns 114,361 shares of the semiconductor company’s stock valued at $2,200,000 after acquiring an additional 5,297 shares during the last quarter. Finally, Invesco Ltd. increased its holdings in shares of Cohu by 478.4% in the 2nd quarter. Invesco Ltd. now owns 1,175,282 shares of the semiconductor company’s stock valued at $22,612,000 after acquiring an additional 972,088 shares during the last quarter. Hedge funds and other institutional investors own 94.67% of the company’s stock.

Cohu Price Performance

Shares of NASDAQ COHU opened at $45.65 on Friday. The company has a current ratio of 6.43, a quick ratio of 5.31 and a debt-to-equity ratio of 0.37. Cohu, Inc. has a twelve month low of $16.46 and a twelve month high of $52.43. The stock has a 50 day moving average of $38.73 and a two-hundred day moving average of $30.83. The stock has a market cap of $2.15 billion, a P/E ratio of -38.36 and a beta of 1.61.

Cohu (NASDAQ:COHU) last announced its earnings results on Thursday, April 30th. The semiconductor company reported $0.01 earnings per share 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 business had revenue of $125.12 million for the quarter, compared to analyst estimates of $122.14 million. During the same quarter last year, the company posted ($0.02) EPS. Cohu’s quarterly revenue was up 29.3% on a year-over-year basis. On average, research analysts forecast that Cohu, Inc. will post 0.17 earnings per share for the current year.

Insiders Place Their Bets

In related news, Director William Bendush sold 7,500 shares of Cohu stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $49.14, for a total value of $368,550.00. Following the transaction, the director directly owned 24,780 shares in the company, valued at $1,217,689.20. This trade represents a 23.23% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Christopher Bohrson sold 1,500 shares of Cohu stock in a transaction on Monday, May 11th. The shares were sold at an average price of $51.28, for a total transaction of $76,920.00. Following the completion of the transaction, the senior vice president owned 173,702 shares in the company, valued at approximately $8,907,438.56. This trade represents a 0.86% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 12,000 shares of company stock worth $558,960. 3.05% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

COHU has been the topic of a number of recent analyst reports. Evercore reiterated an “outperform” rating and issued a $53.00 price objective on shares of Cohu in a report on Tuesday, April 28th. 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 research note on Friday, May 1st. 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 research note on Friday, May 1st. B. Riley Financial reiterated a “buy” rating on shares of Cohu in a research note on Monday, April 20th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Cohu in a research note on Monday, April 20th. Six investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $49.00.

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.