Jupiter Topco LLC Buys New Position in Cohu, Inc. $COHU

Jupiter Topco LLC bought a new position in shares of Cohu, Inc. (NASDAQ:COHU) in the 2nd quarter, Holdings Channel reports. The fund bought 55,118 shares of the semiconductor company’s stock, valued at approximately $4,074,000.

Other large investors have also added to or reduced their stakes in the company. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Cohu by 3.4% in 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 buying an additional 905 shares during the period. Caxton Associates LLP acquired a new stake in shares of Cohu during the 1st quarter worth approximately $276,000. Jane Street Group LLC increased its stake in shares of 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 acquiring an additional 155,082 shares in the last quarter. American Century Companies Inc. increased its stake in shares of Cohu by 4.9% in the 2nd quarter. American Century Companies Inc. now owns 114,361 shares of the semiconductor company’s stock valued at $2,200,000 after acquiring an additional 5,297 shares in the last quarter. Finally, Invesco Ltd. lifted 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 valued at $22,612,000 after acquiring an additional 972,088 shares during the period. Institutional investors and hedge funds own 94.67% of the company’s stock.

Cohu Stock Performance

COHU opened at $44.16 on Wednesday. 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 $2.09 billion, a price-to-earnings ratio of -53.20 and a beta of 1.59. The company’s fifty day moving average price is $54.38 and its two-hundred day moving average price is $46.15. 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) last issued its quarterly earnings data 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. The firm had revenue of $149.00 million during the quarter, compared to analysts’ expectations of $144.20 million. Cohu had a negative net margin of 7.43% and a negative return on equity of 1.96%. The business’s revenue was up 38.3% on a year-over-year basis. During the same period last year, the company earned $0.02 earnings per share. On average, analysts expect that Cohu, Inc. will post 0.47 EPS for the current fiscal year.

Insider Buying and Selling at Cohu

In other news, Director Andrew M. Caggia sold 15,252 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $51.74, for a total value of $789,138.48. Following the transaction, the director owned 64,778 shares in the company, valued at $3,351,613.72. This trade represents a 19.06% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, 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 transaction, the senior vice president owned 159,702 shares in the company, valued at $8,914,565.64. This represents a 5.89% decrease in their position. 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 quarter, insiders sold 30,307 shares of company stock worth $1,630,573. Insiders own 3.05% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on COHU shares. Zacks Research cut shares of Cohu from a “strong-buy” rating to a “hold” rating in a report on Friday, August 28th. Weiss Ratings reissued a “sell (d-)” rating on shares of Cohu in a research report on Friday, July 17th. TD Cowen raised their target price on Cohu from $60.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, June 16th. Craig Hallum reaffirmed a “buy” rating and set a $74.00 price target on shares of Cohu in a research note on Friday, July 31st. Finally, B. Riley Financial increased their price target on Cohu from $65.00 to $69.00 and gave the stock a “buy” rating in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price 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.