15,433 Cohu, Inc. $COHU Shares Bought by Royce & Associates LP

Royce & Associates LP increased its position in Cohu, Inc. (NASDAQ:COHU) by 1.6% in the third quarter, Holdings Channel.com reports. The fund owned 953,463 shares of the semiconductor company’s stock after purchasing an additional 15,433 shares during the period. Cohu makes up about 0.6% of Royce & Associates LP’s investment portfolio, making the stock its 20th largest position. Royce & Associates LP’s holdings in Cohu were worth $64,969,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the business. CoreCap Advisors LLC boosted its stake in Cohu by 150.0% during the 3rd quarter. CoreCap Advisors LLC now owns 500 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 300 shares during the last quarter. Fortitude Family Office LLC increased its holdings in shares of Cohu by 147.9% in the 3rd quarter. Fortitude Family Office LLC now owns 528 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 315 shares in the last quarter. Parallel Advisors LLC increased its holdings in shares of Cohu by 17.7% in the 3rd quarter. Parallel Advisors LLC now owns 2,510 shares of the semiconductor company’s stock worth $171,000 after purchasing an additional 378 shares in the last quarter. Choreo LLC raised its stake in shares of Cohu by 12.0% in the third quarter. Choreo LLC now owns 4,187 shares of the semiconductor company’s stock worth $285,000 after purchasing an additional 450 shares during the last quarter. Finally, Allworth Financial LP raised its stake in shares of Cohu by 109.8% in the second quarter. Allworth Financial LP now owns 879 shares of the semiconductor company’s stock worth $65,000 after purchasing an additional 460 shares during the last quarter. 94.67% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other Cohu news, insider Christopher Bohrson sold 1,000 shares of the firm’s stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $55.31, for a total value of $55,310.00. Following the transaction, the insider directly owned 157,702 shares of the company’s stock, valued at approximately $8,722,497.62. This trade represents a 0.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Luis Muller sold 21,662 shares of the firm’s stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $73.00, for a total value of $1,581,326.00. Following the completion of the transaction, the chief executive officer directly owned 822,927 shares in the company, valued at $60,073,671. The trade was a 2.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last quarter, insiders have sold 116,692 shares of company stock valued at $7,374,716. 3.05% of the stock is owned by company insiders.

Cohu Stock Performance

COHU traded down $1.41 during mid-day trading on Friday, reaching $43.59. 814,616 shares of the company traded hands, compared to its average volume of 1,420,249. The stock has a market capitalization of $2.06 billion, a P/E ratio of -83.83 and a beta of 1.60. The company has a quick ratio of 4.24, a current ratio of 5.16 and a debt-to-equity ratio of 0.36. The company’s fifty day moving average price is $55.94 and its 200-day moving average price is $47.69. Cohu, Inc. has a 52-week low of $21.10 and a 52-week high of $75.72.

Cohu (NASDAQ:COHU) last released its quarterly earnings results on Wednesday, October 28th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.35 by $0.08. The firm had revenue of $172.96 million for the quarter, compared to the consensus estimate of $170.25 million. Cohu had a positive return on equity of 1.47% and a negative net margin of 3.97%. The company’s revenue for the quarter was up 37.0% on a year-over-year basis. During the same period last year, the business posted ($0.06) EPS. On average, sell-side analysts expect that Cohu, Inc. will post 0.63 EPS for the current year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on COHU. Needham & Company LLC reaffirmed a “buy” rating and set a $65.00 price target on shares of Cohu in a report on Thursday. Wall Street Zen downgraded Cohu from a “buy” rating to a “hold” rating in a report on Sunday. B. Riley Financial lowered their target price on shares of Cohu from $75.00 to $60.00 and set a “buy” rating on the stock in a research note on Monday, November 9th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cohu in a report on Thursday, October 15th. Finally, Craig Hallum reaffirmed a “buy” rating and set a $74.00 price target on shares of Cohu in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, Cohu presently has an average rating of “Moderate Buy” and a consensus price target of $72.50.

Cohu Company Profile

Cohu, Inc. designs and manufactures equipment and components used to test, inspect, and handle semiconductors. Its products include semiconductor test handlers, inspection systems, test contactors, and thermal subsystems that support testing at various stages of chip production. The company serves semiconductor manufacturers and outsourced semiconductor assembly and test providers around the world. Its equipment is used across a range of semiconductor applications, including devices for automotive, industrial, communications, and consumer markets.