20,700 Shares in Cohu, Inc. $COHU Acquired by Louisiana State Employees Retirement System

Louisiana State Employees Retirement System bought a new stake in shares of Cohu, Inc. (NASDAQ:COHU) during the 1st quarter, Holdings Channel reports. The firm bought 20,700 shares of the semiconductor company’s stock, valued at approximately $634,000.

Other institutional investors also recently added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in shares of Cohu by 3.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,214 shares of the semiconductor company’s stock valued at $400,000 after purchasing an additional 905 shares during the period. Caxton Associates LLP bought a new position in Cohu in the 1st quarter valued at about $276,000. Jane Street Group LLC grew its position in Cohu by 2,042.7% in the 1st quarter. Jane Street Group LLC now owns 162,674 shares of the semiconductor company’s stock valued at $2,393,000 after buying an additional 155,082 shares in the last quarter. American Century Companies Inc. increased its stake in Cohu by 4.9% during the 2nd quarter. American Century Companies Inc. now owns 114,361 shares of the semiconductor company’s stock valued at $2,200,000 after buying an additional 5,297 shares during the period. Finally, Invesco Ltd. raised its position in shares of Cohu by 478.4% during the 2nd quarter. Invesco Ltd. now owns 1,175,282 shares of the semiconductor company’s stock worth $22,612,000 after buying an additional 972,088 shares in the last quarter. Institutional investors and hedge funds own 94.67% of the company’s stock.

Cohu Stock Down 13.2%

Shares of Cohu stock opened at $50.97 on Wednesday. Cohu, Inc. has a 12-month low of $17.80 and a 12-month high of $74.60. The firm has a market capitalization of $2.40 billion, a PE ratio of -42.83 and a beta of 1.55. The company has a quick ratio of 5.31, a current ratio of 6.43 and a debt-to-equity ratio of 0.37. The stock’s fifty day moving average is $55.22 and its 200-day moving average is $39.15.

Cohu (NASDAQ:COHU) last released its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $0.01 earnings per share 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 analyst estimates 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% compared to the same quarter last year. During the same quarter last year, the business earned ($0.02) EPS. Equities analysts anticipate that Cohu, Inc. will post 0.17 earnings per share for the current year.

Insider Activity at Cohu

In other news, SVP Christopher Bohrson sold 1,000 shares of Cohu stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $63.88, for a total value of $63,880.00. Following the transaction, the senior vice president directly owned 171,702 shares of the company’s stock, valued at $10,968,323.76. This trade represents a 0.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 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, Director James A. Donahue sold 10,257 shares of the business’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $46.77, for a total transaction of $479,719.89. Following the sale, the director owned 3,578 shares in the company, valued at $167,343.06. This represents a 74.14% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders sold 90,668 shares of company stock valued at $4,248,016. Corporate insiders own 3.05% of the company’s stock.

Wall Street Analysts Forecast Growth

COHU has been the subject of a number of research analyst reports. Stifel Nicolaus upped their price target on shares of Cohu from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, March 18th. Zacks Research raised Cohu from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. B. Riley Financial restated a “buy” rating on shares of Cohu in a research report on Monday, April 20th. Jefferies Financial Group set a $60.00 price target on Cohu and gave the company a “buy” rating in a research note on Friday, May 1st. Finally, Needham & Company LLC boosted their price objective on Cohu from $33.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Six research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $52.33.

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.