55,118 Shares in Cohu, Inc. $COHU Acquired by Jupiter Topco LLC

Jupiter Topco LLC purchased a new stake in Cohu, Inc. (NASDAQ:COHU) in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 55,118 shares of the semiconductor company’s stock, valued at approximately $4,074,000. Jupiter Topco LLC owned 0.12% of Cohu at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Meros Investment Management LP acquired a new stake in shares of Cohu during the second quarter worth $14,093,602. Hsbc Holdings PLC acquired a new position in shares of Cohu in the second quarter valued at about $2,190,000. Canada Pension Plan Investment Board acquired a new position in shares of Cohu in the second quarter valued at about $739,000. Nicholas Investment Partners LP bought a new position in Cohu during the second quarter worth about $8,013,000. Finally, Legal & General Group Plc acquired a new stake in Cohu in the 2nd quarter worth about $7,802,000. Institutional investors own 94.67% of the company’s stock.

Cohu Stock Performance

NASDAQ COHU opened at $44.16 on Wednesday. The company has a market capitalization of $2.09 billion, a price-to-earnings ratio of -53.20 and a beta of 1.59. Cohu, Inc. has a twelve month low of $18.67 and a twelve month high of $74.60. The stock has a fifty day simple moving average of $54.38 and a 200 day simple moving average of $46.15. The company has a quick ratio of 4.72, a current ratio of 5.74 and a debt-to-equity ratio of 0.37.

Cohu (NASDAQ:COHU) last issued its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $0.26 earnings per share 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 quarter in the prior year, the firm posted $0.02 earnings per share. The business’s quarterly revenue was up 38.3% on a year-over-year basis. Sell-side analysts expect that Cohu, Inc. will post 0.47 EPS for the current year.

Wall Street Analyst Weigh In

A number of research firms have issued reports on COHU. Robert W. Baird started coverage on shares of Cohu in a report on Wednesday, July 8th. They issued an “outperform” rating and a $65.00 price objective for the company. Jefferies Financial Group reiterated a “buy” rating and issued a $74.00 price target on shares of Cohu in a research report on Friday, July 31st. Craig Hallum reiterated a “buy” rating and issued a $74.00 price target on shares of Cohu in a research note on Friday, July 31st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cohu in a research note on Friday, July 17th. Finally, Stifel Nicolaus raised 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. One equities research 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 stock. Based on data from MarketBeat, Cohu presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.75.

Insider Buying and Selling at Cohu

In other news, Director Andrew M. Caggia sold 15,252 shares of the business’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 transaction, the director owned 64,778 shares in the company, valued at approximately $3,351,613.72. The trade was a 19.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Nina Richardson sold 3,055 shares of the company’s stock in a transaction on 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 represents a 7.25% decrease in their ownership of the stock. 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 90 days, insiders sold 30,307 shares of company stock valued at $1,630,573. 3.05% of the stock is currently owned by company insiders.

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.