Freestone Grove Partners LP Makes New $829,000 Investment in Cohu, Inc. $COHU

Freestone Grove Partners LP bought a new stake in Cohu, Inc. (NASDAQ:COHU) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 11,214 shares of the semiconductor company’s stock, valued at approximately $829,000.

Several other institutional investors have also modified their holdings of COHU. Assenagon Asset Management S.A. acquired a new stake in Cohu in the 1st quarter worth about $705,000. Vanguard Group Inc. increased its stake in 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 buying an additional 57,618 shares in the last quarter. Mizuho Markets Americas LLC raised its holdings in shares of Cohu by 349.3% during the fourth quarter. Mizuho Markets Americas LLC now owns 302,838 shares of the semiconductor company’s stock valued at $7,047,000 after acquiring an additional 235,438 shares during the last quarter. Louisiana State Employees Retirement System acquired a new position in shares of Cohu during the first quarter valued at approximately $634,000. Finally, Leeward Investments LLC MA lifted its position in shares of Cohu by 4.0% in the first quarter. Leeward Investments LLC MA now owns 646,133 shares of the semiconductor company’s stock valued at $19,785,000 after acquiring an additional 24,755 shares in the last quarter. Institutional investors and hedge funds own 94.67% of the company’s stock.

Insider Buying and Selling at Cohu

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

Cohu Stock Down 7.1%

NASDAQ COHU opened at $48.00 on Friday. The business’s fifty day simple moving average is $55.26 and its 200-day simple moving average is $45.89. The company has a quick ratio of 4.72, a current ratio of 5.74 and a debt-to-equity ratio of 0.37. The firm has a market cap of $2.27 billion, a PE ratio of -57.83 and a beta of 1.59. Cohu, Inc. has a 52 week low of $18.67 and a 52 week high of $74.60.

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, beating analysts’ consensus estimates of $0.14 by $0.12. Cohu had a negative net margin of 7.43% and a negative return on equity of 1.96%. The firm had revenue of $149.00 million during the quarter, compared to analyst estimates of $144.20 million. During the same quarter in the prior year, the firm posted $0.02 earnings per share. Cohu’s quarterly revenue was up 38.3% on a year-over-year basis. As a group, equities analysts anticipate that Cohu, Inc. will post 0.47 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on COHU. Stifel Nicolaus lifted their price target on Cohu from $50.00 to $70.00 and gave the stock a “buy” rating in a research note on Friday, July 10th. B. Riley Financial raised their price objective on Cohu from $65.00 to $69.00 and gave the company a “buy” rating in a report on Friday, July 31st. Jefferies Financial Group reaffirmed a “buy” rating and set a $74.00 target price on shares of Cohu in a research note on Friday, July 31st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cohu in a report on Friday, July 17th. Finally, TD Cowen increased their target price on shares of Cohu from $60.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, June 16th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Buy” and an average price target of $68.75.

Cohu Company 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.