Cohu, Inc. $COHU Shares Sold by Comerica Bank

Comerica Bank decreased its position in Cohu, Inc. (NASDAQ:COHU) by 49.7% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 39,486 shares of the semiconductor company’s stock after selling 39,086 shares during the quarter. Comerica Bank’s holdings in Cohu were worth $919,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the stock. UBS Group AG grew its position in shares of Cohu by 39.2% during the fourth quarter. UBS Group AG now owns 143,507 shares of the semiconductor company’s stock worth $3,339,000 after buying an additional 40,393 shares in the last quarter. Vanguard Group Inc. grew its position in shares of Cohu by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 4,361,164 shares of the semiconductor company’s stock worth $101,484,000 after buying an additional 57,618 shares in the last quarter. Farther Finance Advisors LLC grew its position 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 worth $34,000 after buying an additional 452 shares in the last quarter. Stanley Laman Group Ltd. grew its position in shares of Cohu by 27.8% during the fourth quarter. Stanley Laman Group Ltd. now owns 195,536 shares of the semiconductor company’s stock worth $4,550,000 after buying an additional 42,593 shares in the last quarter. Finally, Moody National Bank Trust Division acquired a new stake in shares of Cohu during the fourth quarter worth approximately $520,000. Institutional investors and hedge funds own 94.67% of the company’s stock.

Cohu Stock Performance

Shares of COHU opened at $49.54 on Monday. The business’s fifty day moving average price is $35.18 and its 200 day moving average price is $29.13. Cohu, Inc. has a 12-month low of $16.17 and a 12-month high of $50.68. The stock has a market capitalization of $2.34 billion, a PE ratio of -41.63 and a beta of 1.61. 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 (NASDAQ:COHU) last announced its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $0.01 earnings per share (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 firm had revenue of $125.12 million for the quarter, compared to the consensus estimate of $122.14 million. During the same quarter last year, the business earned ($0.02) earnings per share. The business’s revenue for the quarter was up 29.3% compared to the same quarter last year. Equities research analysts forecast that Cohu, Inc. will post 0.17 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on the stock. Evercore reissued an “outperform” rating and set a $53.00 price target on shares of Cohu in a research report on Tuesday, April 28th. Needham & Company LLC raised their price target on shares of Cohu from $33.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. B. Riley Financial reissued a “buy” rating on shares of Cohu in a research report on Monday, April 20th. Weiss Ratings restated a “sell (d-)” rating on shares of Cohu in a research note on Monday, April 20th. Finally, Jefferies Financial Group set a $60.00 price objective on Cohu and gave the stock a “buy” rating in a research note on Friday, May 1st. Six analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $49.00.

Insider Transactions at Cohu

In other Cohu news, SVP Christopher Bohrson sold 1,000 shares of the firm’s stock in a transaction on Wednesday, April 15th. The stock was sold at an average price of $38.00, for a total value of $38,000.00. Following the sale, the senior vice president directly owned 175,202 shares in the company, valued at approximately $6,657,676. This trade represents a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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. 3.05% of the stock is owned by company insiders.

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.