Moody National Bank Trust Division Takes $520,000 Position in Cohu, Inc. $COHU

Moody National Bank Trust Division bought a new position in shares of Cohu, Inc. (NASDAQ:COHU) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 22,352 shares of the semiconductor company’s stock, valued at approximately $520,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. SG Americas Securities LLC grew its stake in Cohu by 43.2% in the 4th quarter. SG Americas Securities LLC now owns 44,529 shares of the semiconductor company’s stock valued at $1,036,000 after buying an additional 13,444 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its position in Cohu by 11.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 18,935 shares of the semiconductor company’s stock worth $441,000 after acquiring an additional 1,942 shares during the last quarter. GAMMA Investing LLC boosted its holdings in shares of Cohu by 8.7% during the fourth quarter. GAMMA Investing LLC now owns 7,477 shares of the semiconductor company’s stock worth $174,000 after acquiring an additional 600 shares during the period. JPMorgan Chase & Co. boosted its holdings in shares of Cohu by 11.9% during the third quarter. JPMorgan Chase & Co. now owns 257,610 shares of the semiconductor company’s stock worth $5,237,000 after acquiring an additional 27,381 shares during the period. Finally, Tudor Investment Corp ET AL acquired a new position in shares of Cohu in the third quarter valued at approximately $243,960,000. Institutional investors own 94.67% of the company’s stock.

Insider Buying and Selling at Cohu

In other news, SVP Christopher Bohrson sold 1,000 shares of the company’s stock in a transaction on Monday, March 16th. The stock was sold at an average price of $28.57, for a total transaction of $28,570.00. Following the completion of the sale, the senior vice president directly owned 176,202 shares in the company, valued at approximately $5,034,091.14. This represents a 0.56% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 2.86% of the company’s stock.

Cohu Stock Down 5.3%

Shares of COHU opened at $30.23 on Friday. The company has a current ratio of 6.88, a quick ratio of 5.69 and a debt-to-equity ratio of 0.36. Cohu, Inc. has a 12 month low of $12.57 and a 12 month high of $34.96. The firm’s 50 day moving average is $29.83 and its 200-day moving average is $25.42. The stock has a market capitalization of $1.42 billion, a PE ratio of -19.01 and a beta of 1.27.

Cohu (NASDAQ:COHU) last issued its quarterly earnings results on Thursday, February 12th. The semiconductor company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.22). Cohu had a negative return on equity of 3.76% and a negative net margin of 16.40%.The company had revenue of $122.23 million for the quarter, compared to analyst estimates of $122.09 million. During the same period in the prior year, the company earned ($0.15) EPS. The company’s quarterly revenue was up 29.9% compared to the same quarter last year. Equities research analysts forecast that Cohu, Inc. will post -0.36 EPS for the current year.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on COHU. Needham & Company LLC increased their target price on Cohu from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. TD Cowen boosted their price target on Cohu from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Evercore assumed coverage on Cohu in a report on Monday, March 16th. They issued an “outperform” rating and a $35.00 price objective on the stock. B. Riley Financial lowered their price objective on Cohu from $35.00 to $33.00 and set a “buy” rating on the stock in a research report on Friday, February 13th. Finally, Stifel Nicolaus lifted their target price on Cohu from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, March 18th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $34.00.

Cohu Company 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.