Azarias Capital Management L.P. Sells 177,648 Shares of Cohu, Inc. $COHU

Azarias Capital Management L.P. lowered its holdings in shares of Cohu, Inc. (NASDAQ:COHU) by 74.9% during the first quarter, HoldingsChannel reports. The firm owned 59,559 shares of the semiconductor company’s stock after selling 177,648 shares during the quarter. Cohu comprises 0.8% of Azarias Capital Management L.P.’s holdings, making the stock its 23rd largest holding. Azarias Capital Management L.P.’s holdings in Cohu were worth $1,824,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of COHU. Stanley Laman Group Ltd. lifted its stake in Cohu by 27.8% in the fourth quarter. Stanley Laman Group Ltd. now owns 195,536 shares of the semiconductor company’s stock valued at $4,550,000 after buying an additional 42,593 shares in the last quarter. Dean Capital Management increased its position in shares of Cohu by 41.5% during the third quarter. Dean Capital Management now owns 127,324 shares of the semiconductor company’s stock worth $2,588,000 after acquiring an additional 37,345 shares in the last quarter. First Eagle Investment Management LLC raised its holdings in shares of Cohu by 20.9% during the third quarter. First Eagle Investment Management LLC now owns 248,146 shares of the semiconductor company’s stock worth $5,045,000 after acquiring an additional 42,819 shares during the period. Divisadero Street Capital Management LP acquired a new stake in shares of Cohu during the third quarter worth $3,036,000. Finally, Vanguard Group Inc. lifted its position in Cohu by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 4,361,164 shares of the semiconductor company’s stock valued at $101,484,000 after acquiring an additional 57,618 shares in the last quarter. Institutional investors own 94.67% of the company’s stock.

Insider Buying and Selling at Cohu

In other Cohu news, CFO Jeffrey D. Jones sold 13,000 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $46.84, for a total value of $608,920.00. Following the completion of the transaction, 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 transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Christopher Bohrson sold 1,000 shares of the business’s stock in a transaction on Monday, June 15th. The stock was sold at an average price of $63.88, for a total transaction of $63,880.00. Following the transaction, the senior vice president owned 171,702 shares in the company, valued at approximately $10,968,323.76. The trade was a 0.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. 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. Insiders have sold a total of 90,668 shares of company stock valued at $4,248,016 in the last ninety days. Insiders own 3.05% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on COHU shares. B. Riley Financial reaffirmed a “buy” rating on shares of Cohu in a research note on Monday, April 20th. Jefferies Financial Group set a $60.00 price target on Cohu and gave the company a “buy” rating in a report on Friday, May 1st. TD Cowen upped their price objective on Cohu from $60.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, June 16th. Evercore reiterated an “outperform” rating and set a $53.00 price objective on shares of Cohu in a report on Tuesday, April 28th. Finally, Stifel Nicolaus lifted their target price on Cohu from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, March 18th. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $52.33.

Cohu Price Performance

Shares of COHU stock opened at $69.40 on Monday. The company has a current ratio of 6.43, a quick ratio of 5.31 and a debt-to-equity ratio of 0.37. Cohu, Inc. has a 1 year low of $17.71 and a 1 year high of $70.46. The firm’s fifty day moving average price is $49.74 and its two-hundred day moving average price is $35.81. The firm has a market capitalization of $3.27 billion, a P/E ratio of -58.32 and a beta of 1.62.

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

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.