Quantbot Technologies LP Purchases New Position in Cohu, Inc. $COHU

Key Points

• Quantbot Technologies LP bought 27,406 Cohu shares worth approximately $2.03 million, establishing a new position representing about 0.06% of the semiconductor test-equipment company. Institutional investors collectively own 94.67% of Cohu.
• Cohu reported quarterly EPS of $0.26, beating estimates of $0.14, while revenue rose 38.3% year over year to $149 million. Despite the improvement, the company posted a negative net margin and return on equity.
• Analyst sentiment is broadly positive, with a consensus “Buy” rating and average price target of $68.75 versus a share price of $51.30. Meanwhile, insiders sold 30,307 shares worth approximately $1.63 million over the past three months.

Quantbot Technologies LP bought a new position in Cohu, Inc. (NASDAQ:COHU - Free Report) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 27,406 shares of the semiconductor company's stock, valued at approximately $2,026,000. Quantbot Technologies LP owned approximately 0.06% of Cohu as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of COHU. Hollencrest Capital Management bought a new position in Cohu during the first quarter worth $31,000. Farther Finance Advisors LLC grew its stake in Cohu by 45.0% in the fourth quarter. Farther Finance Advisors LLC now owns 1,456 shares of the semiconductor company's stock valued at $34,000 after acquiring an additional 452 shares during the period. Kestra Advisory Services LLC bought a new stake in Cohu during the 4th quarter valued at $34,000. Los Angeles Capital Management LLC bought a new stake in shares of Cohu during the fourth quarter worth about $37,000. Finally, Smartleaf Asset Management LLC raised its stake in shares of Cohu by 202.7% in the second quarter. Smartleaf Asset Management LLC now owns 2,113 shares of the semiconductor company's stock worth $41,000 after purchasing an additional 1,415 shares during the last quarter. Institutional investors own 94.67% of the company's stock.

Insider Activity at Cohu

In other Cohu news, Director Nina Richardson sold 3,055 shares of the firm's stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $51.54, for a total transaction of $157,454.70. Following the completion of the sale, the director directly owned 39,093 shares in the company, valued at approximately $2,014,853.22. This trade represents a 7.25% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction of $789,138.48. Following the sale, the director directly owned 64,778 shares of the company's stock, valued at $3,351,613.72. This trade represents a 19.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 30,307 shares of company stock valued at $1,630,573 in the last three months. Company insiders own 3.05% of the company's stock.

Cohu Price Performance

COHU opened at $51.30 on Tuesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.74 and a quick ratio of 4.72. Cohu, Inc. has a 1 year low of $18.67 and a 1 year high of $74.60. The stock's 50 day simple moving average is $56.56 and its 200 day simple moving average is $45.41. The firm has a market cap of $2.43 billion, a price-to-earnings ratio of -61.81 and a beta of 1.59.

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

Analysts Set New Price Targets

Several research firms have commented on COHU. B. Riley Financial increased their price objective on shares of Cohu from $65.00 to $69.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Craig Hallum reaffirmed a "buy" rating and set a $74.00 price objective on shares of Cohu in a report on Friday, July 31st. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Cohu in a report on Friday, July 17th. Robert W. Baird initiated coverage on Cohu in a research note on Wednesday, July 8th. They set an "outperform" rating and a $65.00 price objective on the stock. Finally, Stifel Nicolaus lifted their target price on Cohu from $50.00 to $70.00 and gave the company a "buy" rating in a report on Friday, July 10th. Two research 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 company. Based on data from MarketBeat, the company presently has a consensus rating of "Buy" and an average target price of $68.75.

Cohu 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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