Oak Associates Ltd. OH Sells 20,718 Shares of Cohu, Inc. $COHU

Oak Associates Ltd. OH lowered its holdings in Cohu, Inc. (NASDAQ:COHU) by 22.1% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 73,101 shares of the semiconductor company’s stock after selling 20,718 shares during the period. Oak Associates Ltd. OH’s holdings in Cohu were worth $2,238,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of COHU. Vanguard Group Inc. raised its stake in shares of Cohu by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 4,361,164 shares of the semiconductor company’s stock worth $101,484,000 after purchasing an additional 57,618 shares during the period. Royce & Associates LP grew its position in Cohu by 0.4% during the fourth quarter. Royce & Associates LP now owns 1,918,424 shares of the semiconductor company’s stock valued at $44,642,000 after buying an additional 7,927 shares during the period. State Street Corp grew its position in Cohu by 0.3% during the fourth quarter. State Street Corp now owns 1,819,530 shares of the semiconductor company’s stock valued at $42,340,000 after buying an additional 5,439 shares during the period. SG Capital Management LLC purchased a new stake in Cohu during the fourth quarter worth about $33,174,000. Finally, Invesco Ltd. increased its holdings in Cohu by 478.4% during the second quarter. Invesco Ltd. now owns 1,175,282 shares of the semiconductor company’s stock worth $22,612,000 after buying an additional 972,088 shares during the last quarter. Institutional investors own 94.67% of the company’s stock.

Insider Buying and Selling

In related news, SVP Christopher Bohrson sold 1,000 shares of Cohu stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $63.88, for a total value of $63,880.00. Following the completion of the transaction, the senior vice president directly owned 171,702 shares in the company, valued at approximately $10,968,323.76. The trade was a 0.58% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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, CEO Luis A. Muller sold 45,154 shares of Cohu stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer owned 927,619 shares of the company’s stock, valued at $43,245,597.78. This represents a 4.64% 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 have sold 89,668 shares of company stock valued at $4,210,016. Corporate insiders own 3.05% of the company’s stock.

Cohu Trading Down 0.9%

Shares of Cohu stock opened at $54.51 on Friday. The stock has a market capitalization of $2.57 billion, a P/E ratio of -45.81 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. The stock’s 50-day simple moving average is $56.64 and its 200 day simple moving average is $41.72.

Cohu (NASDAQ:COHU) last issued its earnings results on Thursday, April 30th. The semiconductor company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The business had revenue of $125.12 million for the quarter, compared to the consensus estimate of $122.14 million. Cohu had a negative return on equity of 3.50% and a negative net margin of 11.54%.Cohu’s revenue for the quarter was up 29.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.02) EPS. As a group, research analysts anticipate that Cohu, Inc. will post 0.17 EPS for the current year.

Analysts Set New Price Targets

Several analysts have commented on COHU shares. B. Riley Financial lifted their price objective on shares of Cohu from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday. Robert W. Baird started coverage on shares of Cohu in a research report on Wednesday, July 8th. They set an “outperform” rating and a $65.00 target price for the company. Stifel Nicolaus raised their price target on shares of Cohu from $50.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. 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, Weiss Ratings reissued a “sell (d-)” rating on shares of Cohu in a report on Friday, July 17th. One research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $63.86.

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.