Cohu, Inc. $COHU Shares Sold by Mizuho Markets Americas LLC

Mizuho Markets Americas LLC trimmed its position in Cohu, Inc. (NASDAQ:COHU) by 10.1% during the first quarter, HoldingsChannel.com reports. The firm owned 272,150 shares of the semiconductor company’s stock after selling 30,688 shares during the quarter. Mizuho Markets Americas LLC’s holdings in Cohu were worth $8,333,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Vanguard Group Inc. increased its position 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 purchasing an additional 57,618 shares in the last quarter. Royce & Associates LP grew its stake in Cohu by 0.4% during the fourth quarter. Royce & Associates LP now owns 1,918,424 shares of the semiconductor company’s stock worth $44,642,000 after buying an additional 7,927 shares during the period. State Street Corp increased its position in shares of Cohu by 0.3% in the fourth quarter. State Street Corp now owns 1,819,530 shares of the semiconductor company’s stock worth $42,340,000 after acquiring an additional 5,439 shares in the last quarter. SG Capital Management LLC acquired a new stake in shares of Cohu in the fourth quarter worth $33,174,000. Finally, Invesco Ltd. raised its stake in shares of Cohu by 478.4% in the 2nd quarter. Invesco Ltd. now owns 1,175,282 shares of the semiconductor company’s stock valued at $22,612,000 after acquiring an additional 972,088 shares during the period. Hedge funds and other institutional investors own 94.67% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on COHU shares. Robert W. Baird began coverage on shares of Cohu in a report on Wednesday, July 8th. They set an “outperform” rating and a $65.00 target price on the stock. Needham & Company LLC raised their price objective on Cohu from $33.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Weiss Ratings reissued a “sell (d-)” rating on shares of Cohu in a research report on Friday, July 17th. B. Riley Financial upped their target price on Cohu from $60.00 to $65.00 and gave the stock a “buy” rating in a research report on Wednesday. Finally, Zacks Research upgraded Cohu from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Cohu currently has a consensus rating of “Moderate Buy” and a consensus target price of $63.86.

Insider Buying and Selling

In other news, Director Steven J. Bilodeau sold 10,257 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $44.85, for a total transaction of $460,026.45. Following the completion of the sale, the director owned 52,272 shares of the company’s stock, valued at approximately $2,344,399.20. This trade represents a 16.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director William Bendush sold 7,500 shares of Cohu stock in a transaction 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 completion of the sale, the director owned 24,780 shares of the company’s stock, valued at approximately $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. Insiders sold a total of 89,668 shares of company stock worth $4,210,016 over the last 90 days. 3.05% of the stock is currently owned by corporate insiders.

Cohu Stock Down 0.9%

Shares of Cohu stock opened at $54.51 on Friday. Cohu, Inc. has a 1-year low of $17.80 and a 1-year high of $74.60. The company has a market capitalization of $2.57 billion, a PE ratio of -45.81 and a beta of 1.55. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.43 and a quick ratio of 5.31. The business has a 50-day moving average of $56.64 and a 200-day moving average of $41.72.

Cohu (NASDAQ:COHU) last released 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 business had revenue of $125.12 million during the quarter, compared to analyst estimates of $122.14 million. Cohu had a negative return on equity of 3.50% and a negative net margin of 11.54%.The company’s revenue was up 29.3% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.02) EPS. As a group, equities analysts forecast that Cohu, Inc. will post 0.17 EPS for the current fiscal year.

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.