Capelight Capital Asset Management LP Purchases 70,000 Shares of Cohu, Inc. $COHU

Key Points

• Capelight Capital Management purchased 70,000 Cohu shares worth approximately $4.77 million, giving the semiconductor equipment maker a 1.9% portfolio weighting and representing 0.15% of Cohu’s outstanding stock.
• Institutional ownership remains high at 94.67%, while multiple large investors—including Bank of America, Legal & General, and Paradigm Capital—also established or expanded positions.
• Analysts hold a “Moderate Buy” consensus with an average price target of $68.75. Cohu recently beat quarterly EPS and revenue estimates, although shares opened at $47.96 versus a 52-week high of $75.72, and insiders have sold more than $8.3 million in stock over the past 90 days.

Capelight Capital Asset Management LP acquired a new stake in shares of Cohu, Inc. (NASDAQ:COHU - Free Report) during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 70,000 shares of the semiconductor company's stock, valued at approximately $4,770,000. Cohu makes up about 1.9% of Capelight Capital Asset Management LP's investment portfolio, making the stock its 16th largest holding. Capelight Capital Asset Management LP owned 0.15% of Cohu at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of COHU. Assenagon Asset Management S.A. purchased a new position in shares of Cohu in the first quarter valued at approximately $705,000. Bank of America Corp DE acquired a new stake in shares of Cohu in the second quarter worth approximately $17,744,000. Legal & General Group Plc purchased a new stake in shares of Cohu during the second quarter worth approximately $7,802,000. Louisiana State Employees Retirement System purchased a new stake in shares of Cohu during the first quarter worth approximately $634,000. Finally, Paradigm Capital Management Inc. NY purchased a new stake in shares of Cohu during the second quarter worth approximately $42,794,000. Institutional investors and hedge funds own 94.67% of the company's stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Weiss Ratings restated a "sell (d-)" rating on shares of Cohu in a report on Thursday, October 15th. B. Riley Financial upped their target price on shares of Cohu from $65.00 to $69.00 and gave the stock a "buy" rating in a report on Friday, July 31st. Robert W. Baird initiated coverage on shares of Cohu in a research note on Wednesday, July 8th. They issued an "outperform" rating and a $65.00 price target on the stock. Stifel Nicolaus boosted their price target on shares of Cohu from $50.00 to $70.00 and gave the stock a "buy" rating in a research report on Friday, July 10th. Finally, Needham & Company LLC boosted their price target on shares of Cohu from $54.00 to $65.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and a consensus target price of $68.75.

Cohu Stock Performance

Shares of Cohu stock opened at $47.96 on Monday. Cohu, Inc. has a one year low of $21.10 and a one year high of $75.72. The company has a market cap of $2.27 billion, a price-to-earnings ratio of -57.78 and a beta of 1.51. The company has a debt-to-equity ratio of 0.37, a quick ratio of 4.72 and a current ratio of 5.74. The business's 50 day moving average price is $57.47 and its 200 day moving average price is $53.89.

Cohu (NASDAQ:COHU - Get Free Report) last issued its earnings results on Thursday, July 30th. The semiconductor company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.12. Cohu had a negative return on equity of 1.96% and a negative net margin of 7.43%. The company had revenue of $149.00 million during the quarter, compared to analysts' expectations of $144.20 million. During the same period in the prior year, the business earned $0.02 EPS. The firm's quarterly revenue was up 38.3% on a year-over-year basis. On average, research analysts predict that Cohu, Inc. will post 0.43 EPS for the current year.

Insider Activity

In other Cohu news, Director Andrew M. Caggia sold 15,252 shares of the business's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $51.74, for a total value of $789,138.48. Following the transaction, the director directly owned 64,778 shares in the company, valued at $3,351,613.72. The trade was a 19.06% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Christopher Bohrson sold 10,000 shares of the business's stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $55.82, for a total transaction of $558,200.00. Following the completion of the transaction, the senior vice president owned 159,702 shares in the company, valued at $8,914,565.64. The trade was a 5.89% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders sold 134,999 shares of company stock worth $8,321,309. 3.05% of the stock is owned by insiders.

Cohu Company Profile

Cohu, Inc is a global provider of semiconductor test and inspection equipment and related services. The company supplies solutions used by semiconductor manufacturers and outsourced semiconductor assembly and test providers to evaluate devices during production, helping improve manufacturing quality, reliability and efficiency.

Cohu's product portfolio includes semiconductor test handlers, contactors and other interface products, inspection and metrology systems, thermal-management equipment, and software for test-data analysis and factory automation.

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