Headlands Technologies LLC Buys Shares of 35,001 Cohu, Inc. $COHU

Headlands Technologies LLC purchased a new position in shares of Cohu, Inc. (NASDAQ:COHU) in the 2nd quarter, Holdings Channel reports. The firm purchased 35,001 shares of the semiconductor company’s stock, valued at approximately $2,587,000.

Other large investors also recently modified their holdings of the company. BlackRock Inc. acquired a new stake in shares of Cohu during the second quarter valued at about $545,932,000. SG Capital Management LLC acquired a new position in shares of Cohu in the fourth quarter valued at approximately $33,174,000. The Manufacturers Life Insurance Company bought a new position in Cohu in the 2nd quarter valued at approximately $77,814,000. Invesco Ltd. boosted its position in 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 buying an additional 972,088 shares during the period. Finally, Emerald Advisers LLC acquired a new stake in Cohu during the 1st quarter worth approximately $23,887,000. 94.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several brokerages have issued reports on COHU. Jefferies Financial Group restated a “buy” rating and issued a $74.00 price target on shares of Cohu in a research report on Friday, July 31st. Robert W. Baird assumed coverage on shares of Cohu in a report on Wednesday, July 8th. They set an “outperform” rating and a $65.00 price target on the stock. TD Cowen boosted their price objective on shares of Cohu from $60.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, June 16th. Weiss Ratings restated a “sell (d-)” rating on shares of Cohu in a report on Friday, July 17th. Finally, Craig Hallum reaffirmed a “buy” rating and set a $74.00 target price on shares of Cohu in a research report on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Cohu has a consensus rating of “Buy” and an average target price of $68.75.

Cohu Price Performance

Cohu stock opened at $48.00 on Monday. The company has a market capitalization of $2.27 billion, a PE ratio of -57.83 and a beta of 1.59. Cohu, Inc. has a 12-month low of $18.67 and a 12-month high of $74.60. The firm’s fifty day moving average is $55.26 and its 200 day moving average is $45.99. The company has a quick ratio of 4.72, a current ratio of 5.74 and a debt-to-equity ratio of 0.37.

Cohu (NASDAQ:COHU) last posted its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.12. Cohu had a negative net margin of 7.43% and a negative return on equity of 1.96%. The firm had revenue of $149.00 million during the quarter, compared to the consensus estimate of $144.20 million. During the same period in the previous year, the firm posted $0.02 earnings per share. The business’s revenue was up 38.3% compared to the same quarter last year. As a group, sell-side analysts predict that Cohu, Inc. will post 0.47 EPS for the current fiscal year.

Insider Activity

In related news, Director Andrew M. Caggia sold 15,252 shares of the business’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $51.74, for a total value of $789,138.48. Following the completion of the sale, the director directly owned 64,778 shares of the company’s stock, valued at $3,351,613.72. The trade was a 19.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Nina Richardson sold 3,055 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $51.54, for a total value of $157,454.70. Following the transaction, the director directly owned 39,093 shares in the company, valued at approximately $2,014,853.22. This trade represents a 7.25% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 30,307 shares of company stock worth $1,630,573 in the last three months. Company insiders own 3.05% of the company’s stock.

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.