Quadrant Capital Group LLC Boosts Stake in Cohu, Inc. (NASDAQ:COHU)

Posted by Defense World Staff on Jun 7th, 2023

Quadrant Capital Group LLC increased its position in shares of Cohu, Inc. (NASDAQ:COHU – Get Rating) by 66.2% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,885 shares of the semiconductor company’s stock after purchasing an additional 751 shares during the quarter. Quadrant Capital Group LLC’s holdings in Cohu were worth $60,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also recently bought and sold shares of COHU. Raymond James & Associates acquired a new position in Cohu during the first quarter worth $588,000. Bank of New York Mellon Corp raised its holdings in Cohu by 0.6% during the first 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 last quarter. Citigroup Inc. raised its holdings in Cohu by 13.0% during the first quarter. Citigroup Inc. now owns 44,804 shares of the semiconductor company’s stock worth $1,327,000 after purchasing an additional 5,162 shares during the last quarter. AlphaCrest Capital Management LLC raised its holdings in shares of Cohu by 68.5% in the first quarter. AlphaCrest Capital Management LLC now owns 12,721 shares of the semiconductor company’s stock worth $377,000 after acquiring an additional 5,173 shares during the last quarter. Finally, MetLife Investment Management LLC raised its holdings in shares of Cohu by 50.7% in the first quarter. MetLife Investment Management LLC now owns 26,274 shares of the semiconductor company’s stock worth $778,000 after acquiring an additional 8,843 shares during the last quarter. 90.79% of the stock is owned by institutional investors and hedge funds.

Cohu Trading Up 1.9 %

NASDAQ:COHU opened at $37.54 on Wednesday. The company has a debt-to-equity ratio of 0.04, a quick ratio of 3.68 and a current ratio of 4.89. Cohu, Inc. has a one year low of $24.06 and a one year high of $39.73. The business’s 50-day simple moving average is $35.90 and its 200 day simple moving average is $35.57. The stock has a market cap of $1.78 billion, a price-to-earnings ratio of 19.97 and a beta of 1.56.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on COHU shares. Needham & Company LLC boosted their price target on Cohu from $34.00 to $40.00 and gave the stock a “buy” rating in a report on Friday, February 17th. Craig Hallum downgraded Cohu from a “buy” rating to a “hold” rating in a research report on Friday, February 17th. B. Riley boosted their price target on Cohu from $30.00 to $36.00 in a research report on Friday, February 17th. Finally, StockNews.com initiated coverage on Cohu in a research report on Thursday, May 18th. They issued a “buy” rating for the company. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Cohu currently has an average rating of “Moderate Buy” and an average target price of $39.00.

Insider Buying and Selling at Cohu

In other Cohu news, Director Nina Richardson sold 2,036 shares of the company’s stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $34.06, for a total transaction of $69,346.16. Following the sale, the director now owns 28,394 shares in the company, valued at $967,099.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. In other Cohu news, Director Nina Richardson sold 2,036 shares of the company’s stock in a transaction that occurred on Thursday, May 11th. The stock was sold at an average price of $34.06, for a total transaction of $69,346.16. Following the sale, the director now owns 28,394 shares in the company, valued at $967,099.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director William Bendush sold 4,001 shares of the company’s stock in a transaction that occurred on Monday, May 8th. The shares were sold at an average price of $33.62, for a total value of $134,513.62. Following the sale, the director now owns 34,906 shares in the company, valued at approximately $1,173,539.72. The disclosure for this sale can be found here. Insiders have sold 13,037 shares of company stock worth $435,140 over the last quarter. 2.79% of the stock is owned by corporate insiders.

Cohu Company 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.