108,413 Shares in Cohu, Inc. $COHU Bought by Nicholas Investment Partners LP

Nicholas Investment Partners LP acquired a new stake in shares of Cohu, Inc. (NASDAQ:COHU - Free Report) during the second quarter, according to its most recent disclosure with the SEC. The fund acquired 108,413 shares of the semiconductor company's stock, valued at approximately $8,013,000. Nicholas Investment Partners LP owned approximately 0.23% of Cohu as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in Cohu in the 2nd quarter worth approximately $48,000. Allworth Financial LP purchased a new position in Cohu during the 2nd quarter valued at $65,000. Hollencrest Capital Management bought a new stake in Cohu during the 1st quarter valued at about $31,000. Kestra Advisory Services LLC purchased a new stake in shares of Cohu in the fourth quarter valued at approximately $34,000. Finally, Farther Finance Advisors LLC lifted its holdings in shares of Cohu by 45.0% in the 4th quarter. Farther Finance Advisors LLC now owns 1,456 shares of the semiconductor company's stock worth $34,000 after buying an additional 452 shares during the period. Hedge funds and other institutional investors own 94.67% of the company's stock.

Cohu Price Performance

COHU opened at $51.30 on Tuesday. The firm has a market capitalization of $2.43 billion, a PE ratio of -61.81 and a beta of 1.59. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.74 and a quick ratio of 4.72. The business's 50-day moving average is $56.56 and its two-hundred day moving average is $45.41. Cohu, Inc. has a 1 year low of $18.67 and a 1 year high of $74.60.

Cohu (NASDAQ:COHU - Get Free Report) last released its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $0.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.12. Cohu had a negative net margin of 7.43% and a negative return on equity of 1.96%. The business had revenue of $149.00 million for the quarter, compared to analysts' expectations of $144.20 million. During the same period last year, the business earned $0.02 EPS. The company's revenue was up 38.3% compared to the same quarter last year. Research analysts anticipate that Cohu, Inc. will post 0.47 earnings per share for the current fiscal year.

Insider Activity at Cohu

In other Cohu news, SVP Christopher Bohrson sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $55.82, for a total value of $558,200.00. Following the completion of the sale, the senior vice president directly owned 159,702 shares in the company, valued at $8,914,565.64. This trade represents a 5.89% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Nina Richardson sold 3,055 shares of Cohu stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $51.54, for a total transaction of $157,454.70. Following the completion of the transaction, the director directly owned 39,093 shares in the company, valued at $2,014,853.22. This represents a 7.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 30,307 shares of company stock valued at $1,630,573 over the last 90 days. Insiders own 3.05% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have commented on COHU shares. Evercore reissued an "outperform" rating and set a $53.00 target price on shares of Cohu in a research report on Tuesday, April 28th. Jefferies Financial Group reaffirmed a "buy" rating and issued a $74.00 price target on shares of Cohu in a research report on Friday, July 31st. Needham & Company LLC increased their price objective on shares of Cohu from $54.00 to $65.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Robert W. Baird assumed coverage on shares of Cohu in a report on Wednesday, July 8th. They set an "outperform" rating and a $65.00 price objective on the stock. Finally, Zacks Research raised shares of Cohu from a "hold" rating to a "strong-buy" rating in a research note on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Buy" and an average price target of $68.75.

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.

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