Emerald Mutual Fund Advisers Trust Makes New $11.71 Million Investment in Cohu, Inc. (NASDAQ:COHU)

This post was originally published on this site

Emerald Mutual Fund Advisers Trust acquired a new position in Cohu, Inc. (NASDAQ:COHU) in the 4th quarter, Holdings Channel reports. The firm acquired 306,747 shares of the semiconductor company’s stock, valued at approximately $11,712,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Emerald Advisers LLC bought a new position in Cohu in the 4th quarter worth $12,646,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Cohu by 35.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,885 shares of the semiconductor company’s stock worth $225,000 after purchasing an additional 1,550 shares in the last quarter. Penbrook Management LLC bought a new position in Cohu in the 4th quarter worth $27,000. Nisa Investment Advisors LLC raised its holdings in Cohu by 19.0% in the 4th quarter. Nisa Investment Advisors LLC now owns 2,500 shares of the semiconductor company’s stock worth $95,000 after purchasing an additional 400 shares in the last quarter. Finally, Paradigm Capital Management Inc. NY raised its holdings in Cohu by 21.1% in the 4th quarter. Paradigm Capital Management Inc. NY now owns 606,049 shares of the semiconductor company’s stock worth $23,139,000 after purchasing an additional 105,800 shares in the last quarter. Institutional investors and hedge funds own 84.32% of the company’s stock.

Shares of COHU stock opened at $43.41 on Wednesday. Cohu, Inc. has a one year low of $8.89 and a one year high of $49.63. The company’s 50-day moving average is $41.80 and its 200 day moving average is $26.39. The company has a market capitalization of $1.82 billion, a price-to-earnings ratio of -39.11 and a beta of 1.79. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.09 and a current ratio of 3.03.

Several research analysts have commented on COHU shares. DA Davidson upped their price objective on shares of Cohu from $33.00 to $40.00 in a report on Thursday, December 3rd. Zacks Investment Research raised shares of Cohu from a “hold” rating to a “buy” rating and set a $26.00 target price on the stock in a research report on Tuesday, November 3rd. Craig Hallum upped their target price on shares of Cohu from $33.00 to $45.00 in a research report on Wednesday, December 2nd. Needham & Company LLC upped their target price on shares of Cohu from $30.00 to $50.00 and gave the stock a “buy” rating in a research report on Thursday, December 3rd. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Cohu from $38.00 to $43.00 in a research report on Thursday, December 17th. Eight analysts have rated the stock with a buy rating, The company currently has an average rating of “Buy” and a consensus target price of $38.38.

In related news, CFO Jeffrey D. Jones sold 13,835 shares of the stock in a transaction dated Friday, November 6th. The shares were sold at an average price of $23.18, for a total transaction of $320,695.30. Following the sale, the chief financial officer now directly owns 241,157 shares of the company’s stock, valued at approximately $5,590,019.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Luis A. Muller sold 5,000 shares of the stock in a transaction dated Monday, November 16th. The shares were sold at an average price of $27.50, for a total transaction of $137,500.00. Following the sale, the chief executive officer now directly owns 570,155 shares in the company, valued at $15,679,262.50. The disclosure for this sale can be found here. Insiders have sold a total of 85,898 shares of company stock worth $2,450,752 over the last three months. 3.07% of the stock is currently owned by insiders.

Cohu Profile

Cohu, Inc, through its subsidiaries, provides semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors, thermal sub-systems, semiconductor automated test equipment (ATE), and bare board printed circuit board (PCB) test systems for semiconductor and electronics manufacturers, and test subcontractors in Germany, the United States, Japan, Malaysia, the Philippines, and internationally.

Read More: Asset Allocation

Want to see what other hedge funds are holding COHU? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cohu, Inc. (NASDAQ:COHU).

Receive News & Ratings for Cohu Daily – Enter your email address below to receive a concise daily summary of the latest news and analysts’ ratings for Cohu and related companies with MarketBeat.com’s FREE daily email newsletter.

Related Posts