Nano Cap New Millennium Growth Fund L P Buys Shares of 21,500 Cohu, Inc. $COHU

Nano Cap New Millennium Growth Fund L P bought a new stake in Cohu, Inc. (NASDAQ:COHU) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 21,500 shares of the semiconductor company’s stock, valued at approximately $500,000.

Other large investors also recently bought and sold shares of the company. Bessemer Group Inc. lifted its position in Cohu by 45.4% in the third quarter. Bessemer Group Inc. now owns 1,564 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 488 shares during the last quarter. Hantz Financial Services Inc. lifted its position in Cohu by 83.7% in the third quarter. Hantz Financial Services Inc. now owns 1,569 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 715 shares during the last quarter. Farther Finance Advisors LLC lifted its position in Cohu by 45.0% in the fourth quarter. Farther Finance Advisors LLC now owns 1,456 shares of the semiconductor company’s stock valued at $34,000 after buying an additional 452 shares during the last quarter. Smartleaf Asset Management LLC lifted its position in Cohu by 202.7% in the second quarter. Smartleaf Asset Management LLC now owns 2,113 shares of the semiconductor company’s stock valued at $41,000 after buying an additional 1,415 shares during the last quarter. Finally, Global Retirement Partners LLC lifted its position in Cohu by 1,254.4% in the fourth quarter. Global Retirement Partners LLC now owns 2,465 shares of the semiconductor company’s stock valued at $57,000 after buying an additional 2,283 shares during the last quarter. Institutional investors and hedge funds own 94.67% of the company’s stock.

Cohu Trading Up 1.5%

Shares of COHU stock opened at $45.65 on Friday. 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 has a market capitalization of $2.15 billion, a P/E ratio of -38.36 and a beta of 1.61. The company has a 50 day moving average price of $38.73 and a 200 day moving average price of $30.83. Cohu, Inc. has a fifty-two week low of $16.46 and a fifty-two week high of $52.43.

Cohu (NASDAQ:COHU) last released its earnings results on Thursday, April 30th. The semiconductor company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The company had revenue of $125.12 million during the quarter, compared to analysts’ expectations of $122.14 million. Cohu had a negative net margin of 11.54% and a negative return on equity of 3.50%. The company’s revenue for the quarter was up 29.3% on a year-over-year basis. During the same quarter last year, the business posted ($0.02) earnings per share. Equities research analysts predict that Cohu, Inc. will post 0.17 EPS for the current fiscal year.

Insiders Place Their Bets

In related news, SVP Christopher Bohrson sold 1,500 shares of Cohu stock in a transaction on Monday, May 11th. The stock was sold at an average price of $51.28, for a total value of $76,920.00. Following the completion of the transaction, the senior vice president directly owned 173,702 shares in the company, valued at approximately $8,907,438.56. This trade represents a 0.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director William Bendush sold 7,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $49.14, for a total transaction of $368,550.00. Following the transaction, the director owned 24,780 shares of the company’s stock, valued at $1,217,689.20. This trade represents a 23.23% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders sold 12,000 shares of company stock valued at $558,960. 3.05% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the company. Needham & Company LLC raised their price target on Cohu from $33.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Jefferies Financial Group set a $60.00 price target on Cohu and gave the stock a “buy” rating in a research report on Friday, May 1st. TD Cowen raised their price target on Cohu from $35.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Zacks Research upgraded Cohu from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Cohu in a research report on Monday, April 20th. Six research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $49.00.

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.