16,874 Shares in Cohu, Inc. $COHU Purchased by TradeLink Capital LLC

TradeLink Capital LLC acquired a new position in Cohu, Inc. (NASDAQ:COHU) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 16,874 shares of the semiconductor company’s stock, valued at approximately $393,000. Cohu comprises about 3.1% of TradeLink Capital LLC’s holdings, making the stock its 9th largest holding.

Other large investors also recently bought and sold shares of the company. Bessemer Group Inc. lifted its position 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 valued at $31,000 after acquiring an additional 488 shares in the last quarter. Hantz Financial Services Inc. increased its position in shares of Cohu by 83.7% during the third quarter. Hantz Financial Services Inc. now owns 1,569 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 715 shares in the last quarter. Farther Finance Advisors LLC raised its stake in Cohu by 45.0% in the 4th quarter. Farther Finance Advisors LLC now owns 1,456 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 452 shares during the last quarter. Smartleaf Asset Management LLC lifted its holdings in Cohu by 202.7% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,113 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 1,415 shares in the last quarter. Finally, Quadrant Capital Group LLC purchased a new position in Cohu in the 3rd quarter valued at $81,000. 94.67% of the stock is currently owned by hedge funds and other institutional investors.

Cohu Stock Performance

Shares of COHU opened at $51.28 on Tuesday. The stock has a 50 day moving average price of $35.96 and a 200 day moving average price of $29.52. The company has a quick ratio of 5.31, a current ratio of 6.43 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $2.42 billion, a price-to-earnings ratio of -43.09 and a beta of 1.61. Cohu, Inc. has a 52-week low of $16.46 and a 52-week high of $52.43.

Cohu (NASDAQ:COHU) last released its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The company 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 firm’s revenue for the quarter was up 29.3% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.02) EPS. Research analysts predict that Cohu, Inc. will post 0.17 EPS for the current fiscal year.

Insider Activity at Cohu

In related news, SVP Christopher Bohrson sold 1,000 shares of Cohu stock in a transaction on Wednesday, April 15th. The shares were sold at an average price of $38.00, for a total transaction of $38,000.00. Following the sale, the senior vice president directly owned 175,202 shares in the company, valued at $6,657,676. This trade represents a 0.57% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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. 3.05% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on COHU shares. Stifel Nicolaus upped their price objective on shares of Cohu from $32.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, March 18th. Evercore reissued an “outperform” rating and set a $53.00 price objective on shares of Cohu in a research report on Tuesday, April 28th. Needham & Company LLC boosted their price objective on shares of Cohu from $33.00 to $54.00 and gave the company a “buy” rating in a report on Friday, May 1st. Zacks Research upgraded Cohu from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Finally, Jefferies Financial Group set a $60.00 price target on shares of Cohu and gave the stock a “buy” rating in a research note on Friday, May 1st. Six investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $49.00.

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.