4D Advisors LLC Buys New Shares in Cohu, Inc. $COHU

4D Advisors LLC bought a new stake in Cohu, Inc. (NASDAQ:COHU) during the fourth quarter, HoldingsChannel reports. The fund bought 200,000 shares of the semiconductor company’s stock, valued at approximately $4,654,000. Cohu comprises about 2.6% of 4D Advisors LLC’s portfolio, making the stock its 16th largest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Vanguard Personalized Indexing Management LLC grew its stake in shares of Cohu by 2.1% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 16,231 shares of the semiconductor company’s stock valued at $378,000 after buying an additional 332 shares during the last quarter. US Bancorp DE grew its stake in shares of Cohu by 4.6% during the third quarter. US Bancorp DE now owns 9,847 shares of the semiconductor company’s stock valued at $200,000 after buying an additional 432 shares during the last quarter. Farther Finance Advisors LLC grew its stake in shares of Cohu by 45.0% during the fourth quarter. Farther Finance Advisors LLC now owns 1,456 shares of the semiconductor company’s stock valued at $34,000 after buying an additional 452 shares during the last quarter. CANADA LIFE ASSURANCE Co grew its stake in shares of Cohu by 0.9% in the second quarter. CANADA LIFE ASSURANCE Co now owns 65,233 shares of the semiconductor company’s stock worth $1,255,000 after purchasing an additional 576 shares during the last quarter. Finally, GAMMA Investing LLC grew its stake in shares of Cohu by 8.7% in the fourth quarter. GAMMA Investing LLC now owns 7,477 shares of the semiconductor company’s stock worth $174,000 after purchasing an additional 600 shares during the last quarter. 94.67% of the stock is owned by institutional investors.

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 value of $608,920.00. Following the completion of the sale, the chief financial officer directly 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 filing with the SEC, 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 the firm’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $44.85, for a total transaction of $460,026.45. Following the completion of the sale, the director owned 52,272 shares of the company’s stock, valued at $2,344,399.20. This trade represents a 16.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 90,668 shares of company stock valued at $4,248,016 over the last ninety days. 3.05% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Evercore reissued an “outperform” rating and issued a $53.00 target price on shares of Cohu in a research note on Tuesday, April 28th. Stifel Nicolaus raised their target price on Cohu from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, March 18th. Weiss Ratings reissued a “sell (d-)” rating on shares of Cohu in a research note on Monday, April 20th. B. Riley Financial reissued a “buy” rating on shares of Cohu in a research note on Monday, April 20th. Finally, Zacks Research raised Cohu from a “strong sell” rating to a “hold” rating 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 assigned a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $52.33.

Cohu Stock Performance

Shares of COHU opened at $65.45 on Thursday. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.43 and a quick ratio of 5.31. Cohu, Inc. has a one year low of $17.71 and a one year high of $69.63. The company has a 50-day simple moving average of $48.31 and a two-hundred day simple moving average of $35.17. The firm has a market capitalization of $3.09 billion, a PE ratio of -55.00 and a beta of 1.62.

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

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.