Lisanti Capital Growth LLC Acquires New Shares in Cohu, Inc. $COHU

Lisanti Capital Growth LLC acquired a new stake in shares of Cohu, Inc. (NASDAQ:COHU) during the 3rd quarter, HoldingsChannel.com reports. The firm acquired 41,650 shares of the semiconductor company’s stock, valued at approximately $2,838,000.

Several other hedge funds have also recently modified their holdings of COHU. Bank of America Corp DE purchased a new position in Cohu during the second quarter valued at $17,744,000. Legal & General Group Plc bought a new stake in Cohu in the 2nd quarter valued at $7,802,000. Engineers Gate Manager LP purchased a new stake in Cohu in the 2nd quarter worth $1,839,000. Paradigm Capital Management Inc. NY purchased a new stake in Cohu in the 2nd quarter worth $42,794,000. Finally, Nicholas Investment Partners LP bought a new position in shares of Cohu during the 2nd quarter valued at about $8,013,000. Hedge funds and other institutional investors own 94.67% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on COHU. Stifel Nicolaus raised their price objective on Cohu from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, October 29th. Zacks Research cut Cohu from a “strong-buy” rating to a “hold” rating in a report on Friday, August 28th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cohu in a research report on Thursday, October 15th. Needham & Company LLC reissued a “buy” rating and set a $65.00 price target on shares of Cohu in a research note on Thursday, October 29th. Finally, Craig Hallum restated a “buy” rating and set a $74.00 price target on shares of Cohu in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $72.50.

Insider Transactions at Cohu

In other Cohu news, CEO Luis Muller sold 55,794 shares of the business’s stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $60.00, for a total transaction of $3,347,640.00. Following the sale, the chief executive officer directly owned 871,825 shares of the company’s stock, valued at $52,309,500. The trade was a 6.01% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Christopher Bohrson sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $55.82, for a total value of $558,200.00. Following the sale, the senior vice president directly 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. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 116,692 shares of company stock valued at $7,374,716. 3.05% of the stock is owned by insiders.

Cohu Price Performance

COHU stock opened at $45.97 on Thursday. Cohu, Inc. has a 52 week low of $21.10 and a 52 week high of $75.72. The firm has a market capitalization of $2.18 billion, a P/E ratio of -88.40 and a beta of 1.60. The company has a fifty day simple moving average of $56.01 and a two-hundred day simple moving average of $47.53. The company has a quick ratio of 4.24, a current ratio of 5.16 and a debt-to-equity ratio of 0.36.

Cohu (NASDAQ:COHU) last posted its earnings results on Wednesday, October 28th. The semiconductor company reported $0.43 earnings per share for the quarter, topping analysts’ consensus estimates of $0.35 by $0.08. The firm had revenue of $172.96 million for the quarter, compared to the consensus estimate of $170.25 million. Cohu had a negative net margin of 3.97% and a positive return on equity of 1.47%. The business’s quarterly revenue was up 37.0% on a year-over-year basis. During the same period in the previous year, the firm posted ($0.06) EPS. Analysts anticipate that Cohu, Inc. will post 0.63 earnings per share for the current fiscal year.

Cohu Profile

Cohu, Inc. designs and manufactures equipment and components used to test, inspect, and handle semiconductors. Its products include semiconductor test handlers, inspection systems, test contactors, and thermal subsystems that support testing at various stages of chip production. The company serves semiconductor manufacturers and outsourced semiconductor assembly and test providers around the world. Its equipment is used across a range of semiconductor applications, including devices for automotive, industrial, communications, and consumer markets.