ProShare Advisors LLC Purchases New Position in Cohu, Inc. $COHU

ProShare Advisors LLC purchased a new stake in Cohu, Inc. (NASDAQ:COHU) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 8,905 shares of the semiconductor company’s stock, valued at approximately $207,000.

A number of other institutional investors have also recently made changes to their positions in the business. Bessemer Group Inc. lifted its stake in 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 purchasing an additional 488 shares during the last quarter. Hantz Financial Services Inc. lifted its stake in Cohu by 83.7% in 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 during the last quarter. Farther Finance Advisors LLC lifted its stake in 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 purchasing an additional 452 shares during the last quarter. Smartleaf Asset Management LLC lifted its stake in Cohu by 202.7% in the second quarter. Smartleaf Asset Management LLC now owns 2,113 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 1,415 shares during the last quarter. Finally, Quadrant Capital Group LLC bought a new stake in Cohu in the third quarter worth about $81,000. Institutional investors own 94.67% of the company’s stock.

Analyst Ratings Changes

Several analysts have issued reports on COHU shares. Zacks Research raised shares of Cohu from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. TD Cowen raised their price objective on shares of Cohu from $35.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Stifel Nicolaus raised their price objective 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 raised their price objective 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, Weiss Ratings reissued a “sell (d-)” rating on shares of Cohu in a research note on Monday, April 20th. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.00.

Cohu Stock Performance

Shares of NASDAQ:COHU opened at $57.59 on Wednesday. The firm has a market cap of $2.72 billion, a PE ratio of -48.39 and a beta of 1.62. The firm’s 50 day simple moving average is $41.88 and its 200-day simple moving average is $32.19. Cohu, Inc. has a one year low of $17.38 and a one year high of $58.47. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.31 and a current ratio of 6.43.

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 company had revenue of $125.12 million for the quarter, compared to analysts’ expectations 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 was up 29.3% compared to the same quarter last year. During the same period last year, the business posted ($0.02) earnings per share. As a group, equities analysts predict that Cohu, Inc. will post 0.17 EPS for the current year.

Insider Buying and Selling at Cohu

In other news, Director William Bendush sold 7,500 shares of the firm’s stock in a transaction that occurred 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 transaction, the director directly owned 24,780 shares of the company’s stock, valued at approximately $1,217,689.20. This trade represents a 23.23% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Steven J. Bilodeau sold 10,257 shares of the firm’s stock in a transaction that occurred 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 directly owned 52,272 shares in the company, valued at approximately $2,344,399.20. This trade represents a 16.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 90,668 shares of company stock valued at $4,212,706. 3.05% of the stock is owned by corporate insiders.

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.