UBS Group AG Increases Position in Cohu, Inc. $COHU

UBS Group AG raised its position in Cohu, Inc. (NASDAQ:COHU) by 39.2% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 143,507 shares of the semiconductor company’s stock after purchasing an additional 40,393 shares during the quarter. UBS Group AG’s holdings in Cohu were worth $3,339,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in COHU. US Bancorp DE grew its stake in shares of Cohu by 4.6% in the third quarter. US Bancorp DE now owns 9,847 shares of the semiconductor company’s stock worth $200,000 after acquiring an additional 432 shares in the last quarter. Farther Finance Advisors LLC grew its stake in shares of Cohu by 45.0% in the fourth quarter. Farther Finance Advisors LLC now owns 1,456 shares of the semiconductor company’s stock worth $34,000 after acquiring an additional 452 shares in the last quarter. Amalgamated Bank grew its stake in shares of Cohu by 3.4% in the third quarter. Amalgamated Bank now owns 13,712 shares of the semiconductor company’s stock worth $279,000 after acquiring an additional 457 shares in the last quarter. Bessemer Group Inc. grew its stake in shares of Cohu by 45.4% in the third quarter. Bessemer Group Inc. now owns 1,564 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 488 shares in the last quarter. Finally, CANADA LIFE ASSURANCE Co grew its stake in shares of Cohu by 0.9% in the second quarter. CANADA LIFE ASSURANCE Co now owns 65,233 shares of the semiconductor company’s stock worth $1,255,000 after acquiring an additional 576 shares in the last quarter. Hedge funds and other institutional investors own 94.67% of the company’s stock.

Cohu Stock Performance

Shares of COHU stock opened at $46.53 on Monday. The company has a current ratio of 6.43, a quick ratio of 5.31 and a debt-to-equity ratio of 0.37. The firm has a fifty day moving average price of $39.09 and a 200 day moving average price of $30.99. The company has a market cap of $2.19 billion, a P/E ratio of -39.10 and a beta of 1.61. Cohu, Inc. has a 12 month low of $16.46 and a 12 month high of $52.43.

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

Insider Buying and Selling

In related news, Director William Bendush sold 7,500 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $49.14, for a total transaction of $368,550.00. Following the completion of the transaction, the director owned 24,780 shares in the company, valued at approximately $1,217,689.20. The trade was a 23.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Christopher Bohrson sold 1,500 shares of the business’s stock in a transaction on Monday, May 11th. The stock was sold at an average price of $51.28, for a total transaction of $76,920.00. Following the transaction, the senior vice president owned 173,702 shares of the company’s stock, valued at approximately $8,907,438.56. The trade was a 0.86% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 22,257 shares of company stock worth $1,018,986. Corporate insiders own 3.05% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on COHU. Zacks Research upgraded shares of Cohu from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. Weiss Ratings restated a “sell (d-)” rating on shares of Cohu in a research note on Monday, April 20th. Stifel Nicolaus boosted their price target on shares of Cohu from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, March 18th. Needham & Company LLC boosted their price target on shares of Cohu from $33.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Finally, B. Riley Financial restated a “buy” rating on shares of Cohu in a research note on Monday, April 20th. Six equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Cohu currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.00.

About Cohu

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.