Moody National Bank Trust Division Has $640,000 Stock Holdings in Cohu, Inc. $COHU

Moody National Bank Trust Division reduced its position in shares of Cohu, Inc. (NASDAQ:COHU) by 61.3% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 8,656 shares of the semiconductor company’s stock after selling 13,696 shares during the quarter. Moody National Bank Trust Division’s holdings in Cohu were worth $640,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Vanguard Personalized Indexing Management LLC lifted its holdings in Cohu by 2.1% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 16,231 shares of the semiconductor company’s stock valued at $378,000 after buying an additional 332 shares during the period. Sheets Smith Wealth Management grew its stake in shares of Cohu by 3.0% during the first quarter. Sheets Smith Wealth Management now owns 14,644 shares of the semiconductor company’s stock worth $448,000 after purchasing an additional 420 shares during the period. US Bancorp DE increased its holdings in Cohu by 4.6% in the third quarter. US Bancorp DE now owns 9,847 shares of the semiconductor company’s stock valued at $200,000 after purchasing an additional 432 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Cohu by 45.0% during the 4th 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 during the period. Finally, CANADA LIFE ASSURANCE Co increased its stake in shares of Cohu by 0.9% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 65,233 shares of the semiconductor company’s stock valued at $1,255,000 after acquiring an additional 576 shares during the last quarter. Institutional investors and hedge funds own 94.67% of the company’s stock.

Insider Buying and Selling at Cohu

In other Cohu news, CEO Luis A. Muller sold 45,154 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $46.62, for a total value of $2,105,079.48. Following the sale, the chief executive officer owned 927,619 shares in the company, valued at $43,245,597.78. This represents a 4.64% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Andrew M. Caggia sold 15,252 shares of the firm’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $51.74, for a total value of $789,138.48. Following the completion of the sale, the director directly owned 64,778 shares of the company’s stock, valued at approximately $3,351,613.72. The trade was a 19.06% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 107,975 shares of company stock valued at $5,156,609 in the last three months. Corporate insiders own 3.05% of the company’s stock.

Wall Street Analyst Weigh In

COHU has been the topic of several analyst reports. Craig Hallum reiterated a “buy” rating and issued a $74.00 target price on shares of Cohu in a report on Friday, July 31st. TD Cowen increased their price target on Cohu from $60.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, June 16th. B. Riley Financial raised their price target on Cohu from $65.00 to $69.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Stifel Nicolaus lifted their price objective on Cohu from $50.00 to $70.00 and gave the company a “buy” rating in a report on Friday, July 10th. Finally, Robert W. Baird initiated coverage on Cohu in a research note on Wednesday, July 8th. They set an “outperform” rating and a $65.00 target price for the company. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus price target of $68.75.

Cohu Stock Up 0.1%

Cohu stock opened at $51.79 on Friday. The company has a current ratio of 5.74, a quick ratio of 4.72 and a debt-to-equity ratio of 0.37. Cohu, Inc. has a 1-year low of $18.67 and a 1-year high of $74.60. The company has a fifty day simple moving average of $56.70 and a 200 day simple moving average of $43.18. The company has a market cap of $2.45 billion, a P/E ratio of -62.40 and a beta of 1.59.

Cohu (NASDAQ:COHU) last issued its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.14 by $0.12. The firm had revenue of $149.00 million for the quarter, compared to analysts’ expectations of $144.20 million. Cohu had a negative net margin of 7.43% and a negative return on equity of 1.96%. The company’s revenue for the quarter was up 38.3% on a year-over-year basis. During the same period in the previous year, the firm posted $0.02 EPS. Research analysts anticipate that Cohu, Inc. will post 0.21 earnings per share for the current fiscal year.

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.