45,600 Shares in Cohu, Inc. $COHU Purchased by Raiffeisen Bank International AG

Raiffeisen Bank International AG bought a new stake in shares of Cohu, Inc. (NASDAQ:COHU) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor bought 45,600 shares of the semiconductor company’s stock, valued at approximately $3,106,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in COHU. BlackRock Inc. bought a new position in Cohu in the 2nd quarter worth approximately $545,932,000. SG Capital Management LLC bought a new stake in shares of Cohu in the fourth quarter valued at approximately $33,174,000. The Manufacturers Life Insurance Company bought a new stake in shares of Cohu in the second quarter valued at approximately $77,814,000. Invesco Ltd. grew its stake in shares of Cohu by 478.4% in the second quarter. Invesco Ltd. now owns 1,175,282 shares of the semiconductor company’s stock worth $22,612,000 after acquiring an additional 972,088 shares during the last quarter. Finally, Emerald Advisers LLC acquired a new stake in shares of Cohu in the first quarter worth $23,887,000. Institutional investors and hedge funds own 94.67% of the company’s stock.

Cohu Stock Performance

Shares of NASDAQ COHU opened at $50.72 on Friday. The business has a fifty day simple moving average of $53.32 and a 200 day simple moving average of $46.38. The company has a current ratio of 5.74, a quick ratio of 4.72 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $2.40 billion, a price-to-earnings ratio of -61.11 and a beta of 1.58. Cohu, Inc. has a one year low of $18.67 and a one year high of $74.60.

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

Analyst Upgrades and Downgrades

COHU has been the subject of several research analyst reports. Zacks Research cut shares of Cohu from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 28th. B. Riley Financial raised their price target on shares of Cohu from $65.00 to $69.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Robert W. Baird initiated coverage on shares of Cohu in a report on Wednesday, July 8th. They set an “outperform” rating and a $65.00 price objective on the stock. Stifel Nicolaus upped their price objective on shares of Cohu from $50.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Finally, TD Cowen increased their target price on shares of Cohu from $60.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, June 16th. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Cohu has an average rating of “Moderate Buy” and a consensus price target of $68.75.

Insider Activity

In other news, SVP Christopher Bohrson sold 10,000 shares of Cohu stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $55.82, for a total transaction of $558,200.00. Following the sale, the senior vice president directly owned 159,702 shares in the company, valued at approximately $8,914,565.64. The trade was a 5.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Andrew M. Caggia sold 15,252 shares of the company’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $51.74, for a total transaction of $789,138.48. Following the completion of the sale, the director directly owned 64,778 shares in the company, valued at approximately $3,351,613.72. The trade was a 19.06% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 30,307 shares of company stock worth $1,630,573. 3.05% of the stock is currently 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.