12,000,000 Shares in Cohu, Inc. $COHU Bought by Tudor Investment Corp ET AL

Tudor Investment Corp ET AL bought a new position in shares of Cohu, Inc. (NASDAQ:COHU) during the 3rd quarter, Holdings Channel.com reports. The firm bought 12,000,000 shares of the semiconductor company’s stock, valued at approximately $243,960,000. Cohu makes up 0.2% of Tudor Investment Corp ET AL’s holdings, making the stock its 27th biggest holding. Tudor Investment Corp ET AL owned about 0.26% of Cohu at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. US Bancorp DE lifted its stake in shares of Cohu by 4.6% in the third quarter. US Bancorp DE now owns 9,847 shares of the semiconductor company’s stock worth $200,000 after acquiring an additional 432 shares during the period. Amalgamated Bank increased its position in Cohu by 3.4% during the 3rd quarter. Amalgamated Bank now owns 13,712 shares of the semiconductor company’s stock valued at $279,000 after purchasing an additional 457 shares during the period. Bessemer Group Inc. increased its position in Cohu by 45.4% during the 3rd quarter. Bessemer Group Inc. now owns 1,564 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 488 shares during the period. CANADA LIFE ASSURANCE Co raised its holdings in Cohu by 0.9% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 65,233 shares of the semiconductor company’s stock worth $1,255,000 after purchasing an additional 576 shares during the last quarter. Finally, PNC Financial Services Group Inc. lifted its position in shares of Cohu by 5.8% in the 2nd quarter. PNC Financial Services Group Inc. now owns 12,755 shares of the semiconductor company’s stock worth $245,000 after purchasing an additional 704 shares during the period. Institutional investors own 94.67% of the company’s stock.

Insider Activity

In other news, SVP Christopher Bohrson sold 1,000 shares of the stock in a transaction dated Monday, March 16th. The shares were sold at an average price of $28.57, for a total transaction of $28,570.00. Following the transaction, the senior vice president owned 176,202 shares of the company’s stock, valued at $5,034,091.14. This represents a 0.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.86% of the stock is owned by company insiders.

Cohu Stock Up 5.5%

Cohu stock opened at $30.46 on Thursday. The company has a quick ratio of 5.69, a current ratio of 6.88 and a debt-to-equity ratio of 0.36. Cohu, Inc. has a 12-month low of $12.57 and a 12-month high of $34.96. The firm’s fifty day moving average is $29.46 and its 200 day moving average is $25.00. The company has a market capitalization of $1.43 billion, a PE ratio of -19.16 and a beta of 1.27.

Cohu (NASDAQ:COHU) last posted its quarterly earnings results on Thursday, February 12th. The semiconductor company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.22). Cohu had a negative return on equity of 3.76% and a negative net margin of 16.40%.The company had revenue of $122.23 million during the quarter, compared to analyst estimates of $122.09 million. During the same quarter in the previous year, the business posted ($0.15) earnings per share. The company’s revenue for the quarter was up 29.9% compared to the same quarter last year. As a group, sell-side analysts predict that Cohu, Inc. will post -0.36 EPS for the current fiscal year.

Analyst Ratings Changes

A number of research firms have recently commented on COHU. TD Cowen upped their price objective on shares of Cohu from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Stifel Nicolaus boosted their target price on shares of Cohu from $32.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday. Needham & Company LLC increased their price target on Cohu from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, February 13th. B. Riley Financial lowered their price objective on Cohu from $35.00 to $33.00 and set a “buy” rating for the company in a research report on Friday, February 13th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Cohu in a research note on Wednesday, January 21st. Five investment analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $34.00.

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.