Cohu, Inc. $COHU Shares Sold by Legato Capital Management LLC

Legato Capital Management LLC reduced its holdings in Cohu, Inc. (NASDAQ:COHU) by 21.0% during the 4th quarter, Holdings Channel reports. The firm owned 106,415 shares of the semiconductor company’s stock after selling 28,355 shares during the quarter. Legato Capital Management LLC’s holdings in Cohu were worth $2,476,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of COHU. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its holdings in Cohu by 3.4% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,214 shares of the semiconductor company’s stock valued at $400,000 after purchasing an additional 905 shares during the period. Caxton Associates LLP acquired a new stake in Cohu in the first quarter valued at approximately $276,000. Jane Street Group LLC grew its holdings in Cohu by 2,042.7% in the first quarter. Jane Street Group LLC now owns 162,674 shares of the semiconductor company’s stock valued at $2,393,000 after purchasing an additional 155,082 shares during the period. American Century Companies Inc. grew its holdings in Cohu by 4.9% in the second quarter. American Century Companies Inc. now owns 114,361 shares of the semiconductor company’s stock valued at $2,200,000 after purchasing an additional 5,297 shares during the period. Finally, Invesco Ltd. grew its holdings in Cohu by 478.4% in the second quarter. Invesco Ltd. now owns 1,175,282 shares of the semiconductor company’s stock valued at $22,612,000 after purchasing an additional 972,088 shares during the period. 94.67% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Cohu

In other news, SVP Christopher Bohrson sold 1,000 shares of Cohu stock in a transaction that occurred on Friday, May 15th. The stock was sold at an average price of $46.92, for a total value of $46,920.00. Following the sale, the senior vice president directly owned 172,702 shares of the company’s stock, valued at $8,103,177.84. The trade was a 0.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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. Also, Director William Bendush sold 7,500 shares of Cohu stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $49.14, for a total value of $368,550.00. Following the completion of the sale, the director directly owned 24,780 shares in the company, valued at $1,217,689.20. This represents a 23.23% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 22,257 shares of company stock valued at $1,018,986 over the last ninety days. Insiders own 3.05% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have commented on COHU shares. Weiss Ratings reissued a “sell (d-)” rating on shares of Cohu in a report on Monday, April 20th. Zacks Research raised Cohu from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. TD Cowen raised their price objective on Cohu from $35.00 to $60.00 and gave the company a “buy” rating in a report on Friday, May 1st. B. Riley Financial reissued a “buy” rating on shares of Cohu in a report on Monday, April 20th. Finally, Needham & Company LLC lifted their price target on Cohu from $33.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Six equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $49.00.

Cohu Stock Performance

Shares of NASDAQ:COHU opened at $46.53 on Friday. 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 business’s 50 day moving average price is $39.09 and its 200-day moving average price is $30.94. The firm has a market capitalization of $2.20 billion, a PE ratio of -39.10 and a beta of 1.61. Cohu, Inc. has a 1 year low of $16.46 and a 1 year high of $52.43.

Cohu (NASDAQ:COHU) last issued its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The firm had revenue of $125.12 million during 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 business’s revenue was up 29.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.02) earnings per share. As a group, equities research analysts expect that Cohu, Inc. will post 0.17 earnings per share for the current fiscal year.

Cohu Company 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.