Emerald Mutual Fund Advisers Trust Makes New Investment in Cohu, Inc. $COHU

Emerald Mutual Fund Advisers Trust acquired a new position in Cohu, Inc. (NASDAQ:COHU) during the 1st quarter, Holdings Channel.com reports. The institutional investor acquired 489,850 shares of the semiconductor company’s stock, valued at approximately $14,999,000.

A number of other large investors have also recently made changes to their positions in COHU. Farther Finance Advisors LLC grew its stake in shares of Cohu by 45.0% during the 4th 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 purchased a new stake in Cohu in the 4th quarter worth approximately $34,000. Los Angeles Capital Management LLC purchased a new stake in Cohu in the 4th quarter worth approximately $37,000. Smartleaf Asset Management LLC raised its stake in Cohu by 202.7% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,113 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 1,415 shares during the period. Finally, Gen Wealth Partners Inc bought a new stake in Cohu during the 4th quarter worth approximately $44,000. 94.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

COHU has been the subject of a number of recent analyst reports. Evercore reiterated an “outperform” rating and issued a $53.00 price target on shares of Cohu in a research report on Tuesday, April 28th. Stifel Nicolaus raised their price objective on shares of Cohu from $50.00 to $70.00 and gave the company a “buy” rating in a research report on Friday. TD Cowen raised their price objective on shares of Cohu from $60.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, June 16th. Zacks Research upgraded shares of Cohu from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Cohu in a report on Monday, April 20th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, Cohu has an average rating of “Moderate Buy” and a consensus price target of $59.29.

Cohu Stock Down 6.0%

NASDAQ COHU opened at $52.81 on Tuesday. The stock’s 50 day moving average is $55.90 and its 200 day moving average is $40.01. The company has a current ratio of 6.43, a quick ratio of 5.31 and a debt-to-equity ratio of 0.37. Cohu, Inc. has a 12 month low of $17.80 and a 12 month high of $74.60. The stock has a market cap of $2.49 billion, a PE ratio of -44.38 and a beta of 1.55.

Cohu (NASDAQ:COHU) last posted its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.02). Cohu had a negative return on equity of 3.50% and a negative net margin of 11.54%.The business had revenue of $125.12 million during the quarter, compared to the consensus estimate of $122.14 million. During the same quarter in the previous year, the company earned ($0.02) earnings per share. The company’s revenue for the quarter was up 29.3% compared to the same quarter last year. Research analysts predict that Cohu, Inc. will post 0.17 EPS for the current fiscal year.

Insider Transactions at Cohu

In other news, CEO Luis A. Muller sold 45,154 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $46.62, for a total value of $2,105,079.48. Following the transaction, the chief executive officer owned 927,619 shares of the company’s stock, valued at approximately $43,245,597.78. The trade was a 4.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Steven J. Bilodeau sold 10,257 shares of the company’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $44.85, for a total transaction of $460,026.45. Following the transaction, the director owned 52,272 shares of the company’s stock, valued at approximately $2,344,399.20. This represents a 16.40% decrease in their position. The SEC filing for this sale provides additional information. In the last three months, insiders have sold 90,668 shares of company stock valued at $4,248,016. 3.05% of the stock is owned by corporate insiders.

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.