Cohu, Inc. $COHU Shares Bought by Caxton Associates LLP

Caxton Associates LLP lifted its stake in shares of Cohu, Inc. (NASDAQ:COHU) by 183.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 50,565 shares of the semiconductor company’s stock after purchasing an additional 32,721 shares during the quarter. Caxton Associates LLP’s holdings in Cohu were worth $1,548,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Vanguard Group Inc. grew its position in Cohu by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 4,361,164 shares of the semiconductor company’s stock valued at $101,484,000 after buying an additional 57,618 shares in the last quarter. Royce & Associates LP increased its stake in Cohu by 0.4% during the 4th 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 raised its position in shares of Cohu by 0.3% during the 4th quarter. State Street Corp now owns 1,819,530 shares of the semiconductor company’s stock worth $42,340,000 after buying an additional 5,439 shares in the last quarter. SG Capital Management LLC bought a new stake in shares of Cohu during the 4th quarter worth about $33,174,000. Finally, Invesco Ltd. lifted its stake 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 worth $22,612,000 after acquiring an additional 972,088 shares during the period. Institutional investors and hedge funds own 94.67% of the company’s stock.

Cohu Price Performance

Shares of NASDAQ COHU opened at $50.70 on Friday. Cohu, Inc. has a twelve month low of $17.80 and a twelve month high of $74.60. 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 50-day moving average of $56.71 and a two-hundred day moving average of $41.78. The company has a market capitalization of $2.39 billion, a price-to-earnings ratio of -42.60 and a beta of 1.55.

Cohu (NASDAQ:COHU) last announced its quarterly earnings data 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 return on equity of 3.50% and a negative net margin of 11.54%.The business had revenue of $125.12 million during the quarter, compared to analyst estimates of $122.14 million. During the same period in the prior year, the firm earned ($0.02) EPS. The business’s revenue for the quarter was up 29.3% on a year-over-year basis. As a group, analysts expect that Cohu, Inc. will post 0.17 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

COHU has been the subject of several recent analyst reports. Jefferies Financial Group set a $60.00 price objective on shares of Cohu and gave the company a “buy” rating in a report on Friday, May 1st. Evercore reissued an “outperform” rating and set a $53.00 target price on shares of Cohu in a report on Tuesday, April 28th. Weiss Ratings restated a “sell (d-)” rating on shares of Cohu in a research report on Friday, July 17th. B. Riley Financial increased their price target on Cohu from $60.00 to $65.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, TD Cowen lifted their price target on Cohu from $60.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, June 16th. One investment analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $63.86.

Insider Activity

In other Cohu news, SVP Christopher Bohrson sold 1,000 shares of the company’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $63.88, for a total value of $63,880.00. Following the transaction, the senior vice president owned 171,702 shares of the company’s stock, valued at approximately $10,968,323.76. This represents a 0.58% decrease in their ownership of the stock. 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, Director Steven J. Bilodeau sold 10,257 shares of the stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $44.85, for a total value of $460,026.45. Following the sale, the director owned 52,272 shares of the company’s stock, valued at $2,344,399.20. This trade represents a 16.40% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 89,668 shares of company stock valued at $4,210,016 in the last ninety days. 3.05% of the stock is owned by company insiders.

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.