First National Bank of Omaha Makes New $1.27 Million Investment in Cohu, Inc. $COHU

First National Bank of Omaha bought a new position in Cohu, Inc. (NASDAQ:COHU) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor bought 17,244 shares of the semiconductor company’s stock, valued at approximately $1,275,000.

Several other institutional investors and hedge funds also recently made changes to their positions in COHU. BlackRock Inc. purchased a new position in Cohu in the 2nd quarter worth approximately $545,932,000. Pallas Capital Advisors LLC purchased a new position in shares of Cohu in the second quarter worth $203,000. Deutsche Bank AG purchased a new position in shares of Cohu in the second quarter worth $3,528,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in shares of Cohu during the second quarter valued at $48,000. Finally, Global Retirement Partners LLC purchased a new stake in shares of Cohu during the second quarter valued at $179,000. Institutional investors own 94.67% of the company’s stock.

Insider Activity

In related news, Director Nina Richardson sold 3,055 shares of Cohu stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $51.54, for a total transaction of $157,454.70. Following the sale, the director owned 39,093 shares of the company’s stock, valued at approximately $2,014,853.22. This trade represents a 7.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Luis A. Muller sold 45,154 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $46.62, for a total transaction of $2,105,079.48. Following the completion of the sale, the chief executive officer owned 927,619 shares in the company, valued at approximately $43,245,597.78. The trade was a 4.64% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 88,718 shares of company stock worth $4,266,093. 3.05% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have weighed in on the company. Stifel Nicolaus boosted their target price on Cohu from $50.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. B. Riley Financial raised their price target on shares of Cohu from $65.00 to $69.00 and gave the company a “buy” rating in a report on Friday, July 31st. TD Cowen lifted their price target on shares of Cohu from $60.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, June 16th. Needham & Company LLC boosted their price objective on shares of Cohu from $54.00 to $65.00 and gave the company a “buy” rating in a report on Friday, July 31st. Finally, Zacks Research upgraded shares of Cohu from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat, Cohu has an average rating of “Buy” and an average price target of $68.75.

Cohu Trading Down 6.8%

Cohu stock opened at $55.19 on Thursday. The business has a 50-day simple moving average of $57.05 and a two-hundred day simple moving average of $44.91. The company has a market cap of $2.61 billion, a P/E ratio of -66.49 and a beta of 1.59. Cohu, Inc. has a 52-week low of $18.67 and a 52-week high of $74.60. The company has a quick ratio of 4.72, a current ratio of 5.74 and a debt-to-equity ratio of 0.37.

Cohu (NASDAQ:COHU) last released its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.14 by $0.12. The firm had revenue of $149.00 million during the quarter, compared to analyst estimates of $144.20 million. Cohu had a negative net margin of 7.43% and a negative return on equity of 1.96%. The business’s revenue for the quarter was up 38.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.02 EPS. Analysts predict that Cohu, Inc. will post 0.47 EPS for the current 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.