Legacy Capital Group California Inc. Has $274,000 Holdings in Cohu, Inc. $COHU

Legacy Capital Group California Inc. lessened its position in Cohu, Inc. (NASDAQ:COHU) by 51.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,944 shares of the semiconductor company’s stock after selling 9,532 shares during the quarter. Legacy Capital Group California Inc.’s holdings in Cohu were worth $274,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Tudor Investment Corp ET AL acquired a new stake in shares of Cohu in the third quarter valued at about $243,960,000. SG Capital Management LLC bought a new position in shares of Cohu in the fourth quarter worth about $33,174,000. Invesco Ltd. lifted its position in shares of Cohu by 478.4% during the 2nd quarter. Invesco Ltd. now owns 1,175,282 shares of the semiconductor company’s stock worth $22,612,000 after purchasing an additional 972,088 shares during the last quarter. Segall Bryant & Hamill LLC bought a new stake in Cohu during the 4th quarter valued at approximately $9,859,000. Finally, Atom Investors LP acquired a new stake in Cohu in the 4th quarter valued at approximately $9,318,000. Institutional investors and hedge funds own 94.67% of the company’s stock.

Cohu Stock Down 1.4%

Shares of COHU stock opened at $55.02 on Thursday. Cohu, Inc. has a one year low of $17.80 and a one year high of $74.60. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.43 and a quick ratio of 5.31. The stock has a fifty day moving average price of $56.15 and a 200 day moving average price of $40.46. The stock has a market cap of $2.60 billion, a P/E ratio of -46.23 and a beta of 1.55.

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

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on COHU shares. B. Riley Financial reiterated a “buy” rating on shares of Cohu in a report on Monday, April 20th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cohu in a research report on Monday, April 20th. Evercore reiterated an “outperform” rating and set a $53.00 target price on shares of Cohu in a research note on Tuesday, April 28th. Robert W. Baird initiated coverage on shares of Cohu in a report on Wednesday, July 8th. They issued an “outperform” rating and a $65.00 price target for the company. Finally, Stifel Nicolaus raised their price target on shares of Cohu from $50.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.29.

Insiders Place Their Bets

In other Cohu news, CFO Jeffrey D. Jones sold 13,000 shares of the firm’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $46.84, for a total transaction of $608,920.00. Following the completion of the transaction, the chief financial officer owned 343,792 shares in the company, valued at $16,103,217.28. This trade represents a 3.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 Cohu stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $44.85, for a total value of $460,026.45. Following the sale, the director directly owned 52,272 shares in the company, valued at $2,344,399.20. The trade was a 16.40% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold a total of 89,668 shares of company stock valued at $4,210,016 over the last 90 days. Company insiders own 3.05% of the company’s stock.

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.