Swiss National Bank Grows Position in Cohu, Inc. (NASDAQ:COHU)

Swiss National Bank raised its stake in shares of Cohu, Inc. (NASDAQ:COHU – Get Rating) by 1.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 116,450 shares of the semiconductor company’s stock after purchasing an additional 1,400 shares during the period. Swiss National Bank’s holdings in Cohu were worth $3,732,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Raymond James & Associates purchased a new position in shares of Cohu in the 1st quarter worth $588,000. Bank of New York Mellon Corp raised its holdings in shares of Cohu by 0.6% in the 1st quarter. Bank of New York Mellon Corp now owns 495,454 shares of the semiconductor company’s stock worth $14,665,000 after purchasing an additional 2,924 shares during the period. Citigroup Inc. lifted its stake in shares of Cohu by 13.0% in the 1st quarter. Citigroup Inc. now owns 44,804 shares of the semiconductor company’s stock valued at $1,327,000 after purchasing an additional 5,162 shares in the last quarter. AlphaCrest Capital Management LLC grew its holdings in shares of Cohu by 68.5% during the 1st quarter. AlphaCrest Capital Management LLC now owns 12,721 shares of the semiconductor company’s stock worth $377,000 after purchasing an additional 5,173 shares during the period. Finally, MetLife Investment Management LLC increased its position in Cohu by 50.7% during the 1st quarter. MetLife Investment Management LLC now owns 26,274 shares of the semiconductor company’s stock worth $778,000 after purchasing an additional 8,843 shares in the last quarter. Institutional investors and hedge funds own 90.79% of the company’s stock.

Wall Street Analysts Forecast Growth

COHU has been the topic of a number of recent research reports. Needham & Company LLC lifted their price target on shares of Cohu from $34.00 to $40.00 and gave the company a “buy” rating in a research report on Friday, February 17th. B. Riley lifted their target price on shares of Cohu from $30.00 to $36.00 in a report on Friday, February 17th. Craig Hallum downgraded Cohu from a “buy” rating to a “hold” rating in a report on Friday, February 17th. Finally, StockNews.com began coverage on Cohu in a research note on Thursday. They set a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, one has given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, Cohu has an average rating of “Moderate Buy” and an average target price of $39.00.

Cohu Stock Performance

Shares of COHU stock opened at $37.04 on Monday. The company has a debt-to-equity ratio of 0.04, a current ratio of 4.89 and a quick ratio of 3.68. The company’s fifty day moving average price is $35.69 and its two-hundred day moving average price is $35.32. The firm has a market capitalization of $1.75 billion, a P/E ratio of 19.70 and a beta of 1.57. Cohu, Inc. has a 12 month low of $24.06 and a 12 month high of $38.63.

Cohu (NASDAQ:COHU – Get Rating) last released its quarterly earnings results on Thursday, February 16th. The semiconductor company reported $0.63 EPS for the quarter, topping the consensus estimate of $0.54 by $0.09. Cohu had a return on equity of 13.62% and a net margin of 11.45%. The business had revenue of $191.11 million for the quarter, compared to analysts’ expectations of $187.00 million. On average, research analysts anticipate that Cohu, Inc. will post 1.73 earnings per share for the current fiscal year.

Insider Buying and Selling at Cohu

In other news, VP Thomas D. Kampfer sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 9th. The shares were sold at an average price of $33.04, for a total transaction of $231,280.00. Following the completion of the sale, the vice president now owns 57,482 shares of the company’s stock, valued at $1,899,205.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. In other Cohu news, Director William Bendush sold 4,001 shares of the company’s stock in a transaction that occurred on Monday, May 8th. The stock was sold at an average price of $33.62, for a total transaction of $134,513.62. Following the sale, the director now owns 34,906 shares in the company, valued at $1,173,539.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, VP Thomas D. Kampfer sold 7,000 shares of the stock in a transaction that occurred on Tuesday, May 9th. The stock was sold at an average price of $33.04, for a total value of $231,280.00. Following the transaction, the vice president now directly owns 57,482 shares in the company, valued at approximately $1,899,205.28. The disclosure for this sale can be found here. Insiders have sold a total of 13,037 shares of company stock valued at $435,140 in the last three months. Corporate insiders own 2.79% of the company’s stock.

Cohu Profile

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Cohu, Inc engages in the provision of back-end semiconductor equipment and services. It offers test and handling capital equipment, interface products, and related services to the semiconductor and electronics manufacturing industries. The company was founded in 1947 and is headquartered in Poway, CA.