Meros Investment Management LP Invests $14.09 Million in Cohu, Inc. $COHU

Meros Investment Management LP acquired a new stake in Cohu, Inc. (NASDAQ:COHU - Free Report) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 190,686 shares of the semiconductor company's stock, valued at approximately $14,093,602. Cohu accounts for 0.0% of Meros Investment Management LP's investment portfolio, making the stock its 5th largest position. Meros Investment Management LP owned 0.40% of Cohu as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Vanguard Personalized Indexing Management LLC raised its stake in shares of Cohu by 2.1% during the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 16,231 shares of the semiconductor company's stock worth $378,000 after purchasing an additional 332 shares in the last quarter. Sheets Smith Wealth Management increased its position in shares of Cohu by 3.0% in the first quarter. Sheets Smith Wealth Management now owns 14,644 shares of the semiconductor company's stock worth $448,000 after purchasing an additional 420 shares during the period. US Bancorp DE raised its position in shares of Cohu by 4.6% during the third quarter. US Bancorp DE now owns 9,847 shares of the semiconductor company's stock worth $200,000 after acquiring an additional 432 shares during the last quarter. Farther Finance Advisors LLC increased its position in shares of Cohu by 45.0% during the fourth quarter. Farther Finance Advisors LLC now owns 1,456 shares of the semiconductor company's stock worth $34,000 after acquiring an additional 452 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its position in Cohu by 0.9% during the second quarter. CANADA LIFE ASSURANCE Co now owns 65,233 shares of the semiconductor company's stock worth $1,255,000 after purchasing an additional 576 shares during the period. Institutional investors own 94.67% of the company's stock.

Insider Buying and Selling at Cohu

In related news, Director Andrew M. Caggia sold 15,252 shares of the firm's stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $51.74, for a total value of $789,138.48. Following the completion of the transaction, the director owned 64,778 shares of the company's stock, valued at approximately $3,351,613.72. This trade represents a 19.06% decrease in their position. The transaction 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. Also, Director Nina Richardson sold 3,055 shares of the firm's stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $51.54, for a total transaction of $157,454.70. Following the transaction, the director owned 39,093 shares of the company's stock, valued at approximately $2,014,853.22. This represents a 7.25% 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. In the last ninety days, insiders have sold 30,307 shares of company stock worth $1,630,573. 3.05% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of research analysts have recently issued reports on the company. TD Cowen upped their price target on Cohu from $60.00 to $80.00 and gave the company a "buy" rating in a report on Tuesday, June 16th. Stifel Nicolaus upped their price target on Cohu from $50.00 to $70.00 and gave the stock a "buy" rating in a report on Friday, July 10th. Weiss Ratings restated a "sell (d-)" rating on shares of Cohu in a report on Friday, July 17th. Robert W. Baird began coverage on shares of Cohu in a report on Wednesday, July 8th. They issued an "outperform" rating and a $65.00 price objective on the stock. Finally, B. Riley Financial lifted their price objective on shares of Cohu from $65.00 to $69.00 and gave the stock a "buy" rating in a research note on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Sell rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Buy" and an average price target of $68.75.

Cohu Price Performance

Shares of Cohu stock traded down $3.69 on Friday, reaching $48.00. The stock had a trading volume of 384,831 shares, compared to its average volume of 1,122,124. The business's 50 day moving average is $55.69 and its two-hundred day moving average is $45.87. Cohu, Inc. has a 1 year low of $18.67 and a 1 year high of $74.60. The company has a market cap of $2.27 billion, a P/E ratio of -57.83 and a beta of 1.59. The company has a current ratio of 5.74, a quick ratio of 4.72 and a debt-to-equity ratio of 0.37.

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 (EPS) for the quarter, beating analysts' consensus estimates 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 business had revenue of $149.00 million during the quarter, compared to the consensus estimate of $144.20 million. During the same period in the previous year, the company posted $0.02 EPS. The business's quarterly revenue was up 38.3% compared to the same quarter last year. As a group, research analysts anticipate that Cohu, Inc. will post 0.47 EPS for the current year.

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.

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