Dean Capital Management Sells 40,125 Shares of Cohu, Inc. $COHU

Dean Capital Management lessened its stake in shares of Cohu, Inc. (NASDAQ:COHU) by 31.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 87,199 shares of the semiconductor company’s stock after selling 40,125 shares during the period. Dean Capital Management’s holdings in Cohu were worth $2,029,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC increased its holdings in shares of Cohu by 45.0% in the fourth quarter. Farther Finance Advisors LLC now owns 1,456 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 452 shares during the last quarter. Kestra Advisory Services LLC purchased a new position in Cohu during the 4th quarter valued at approximately $34,000. Los Angeles Capital Management LLC bought a new stake in Cohu in the 4th quarter worth approximately $37,000. Smartleaf Asset Management LLC increased its stake in Cohu by 202.7% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,113 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 1,415 shares during the last quarter. Finally, Gen Wealth Partners Inc purchased a new stake in shares of Cohu during the 4th quarter worth approximately $44,000. Hedge funds and other institutional investors own 94.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on the company. Zacks Research upgraded Cohu from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Evercore restated an “outperform” rating and issued a $53.00 price target on shares of Cohu in a research report on Tuesday, April 28th. Jefferies Financial Group set a $60.00 price target on shares of Cohu and gave the company a “buy” rating in a research note on Friday, May 1st. B. Riley Financial reiterated a “buy” rating on shares of Cohu in a research report on Monday, April 20th. Finally, TD Cowen lifted their price objective on shares of Cohu from $60.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday. Six investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Cohu currently has a consensus rating of “Moderate Buy” and an average target price of $52.33.

Cohu Price Performance

Cohu stock opened at $69.40 on Friday. Cohu, Inc. has a 12-month low of $17.71 and a 12-month high of $70.46. 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 price of $49.04 and a 200-day moving average price of $35.49. The firm has a market capitalization of $3.27 billion, a PE ratio of -58.32 and a beta of 1.62.

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

Insiders Place Their Bets

In other news, Director James A. Donahue sold 10,257 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $46.77, for a total transaction of $479,719.89. Following the transaction, the director owned 3,578 shares of the company’s stock, valued at approximately $167,343.06. This represents a 74.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Steven J. Bilodeau sold 10,257 shares of the stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $44.85, for a total value of $460,026.45. Following the completion of the sale, the director owned 52,272 shares in the company, valued at approximately $2,344,399.20. The trade was a 16.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 90,668 shares of company stock valued at $4,248,016 over the last quarter. Corporate insiders own 3.05% of the company’s stock.

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.