Paradigm Capital Management Inc. NY Takes $42.79 Million Position in Cohu, Inc. $COHU

Paradigm Capital Management Inc. NY purchased a new position in Cohu, Inc. (NASDAQ:COHU) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 578,997 shares of the semiconductor company’s stock, valued at approximately $42,794,000. Cohu makes up about 1.2% of Paradigm Capital Management Inc. NY’s portfolio, making the stock its 20th biggest holding.

Other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Cohu in the 2nd quarter valued at about $545,932,000. Vanguard Group Inc. lifted 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 purchasing an additional 57,618 shares during the last quarter. Royce & Associates LP raised its holdings in shares of 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 last quarter. State Street Corp raised its stake in Cohu by 0.3% during the 4th quarter. State Street Corp now owns 1,819,530 shares of the semiconductor company’s stock valued at $42,340,000 after acquiring an additional 5,439 shares in the last quarter. Finally, SG Capital Management LLC acquired a new stake in Cohu in the fourth quarter worth about $33,174,000. 94.67% of the stock is owned by institutional investors and hedge funds.

Cohu Trading Down 5.6%

Cohu stock opened at $51.30 on Tuesday. Cohu, Inc. has a 52 week low of $18.67 and a 52 week high of $74.60. The firm has a market capitalization of $2.43 billion, a PE ratio of -61.81 and a beta of 1.59. The business’s 50-day simple moving average is $56.56 and its 200-day simple moving average is $45.41. The company has a debt-to-equity ratio of 0.37, a quick ratio of 4.72 and a current ratio of 5.74.

Cohu (NASDAQ:COHU) last announced its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.12. The business 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%. Cohu’s quarterly revenue was up 38.3% on a year-over-year basis. During the same quarter last year, the company posted $0.02 earnings per share. Equities research analysts forecast that Cohu, Inc. will post 0.47 earnings per share for the current year.

Wall Street Analyst Weigh In

COHU has been the subject of a number of research analyst reports. B. Riley Financial upped their target price on Cohu from $65.00 to $69.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Weiss Ratings reissued a “sell (d-)” rating on shares of Cohu in a research report on Friday, July 17th. Stifel Nicolaus lifted their target price on Cohu from $50.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Needham & Company LLC upped their price target on shares of Cohu from $54.00 to $65.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Finally, Evercore reaffirmed an “outperform” rating and set a $53.00 price objective on shares of Cohu in a research report on Tuesday, April 28th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Cohu currently has an average rating of “Buy” and a consensus price target of $68.75.

Insider Transactions at Cohu

In other news, SVP Christopher Bohrson sold 10,000 shares of Cohu stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $55.82, for a total transaction of $558,200.00. Following the sale, the senior vice president owned 159,702 shares of the company’s stock, valued at approximately $8,914,565.64. This trade represents a 5.89% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Nina Richardson sold 3,055 shares of Cohu stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $51.54, for a total transaction of $157,454.70. Following the sale, the director owned 39,093 shares in the company, valued at $2,014,853.22. This represents a 7.25% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last quarter, insiders have sold 30,307 shares of company stock valued at $1,630,573. 3.05% of the stock is owned by corporate 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.