Comerica Bank Reduces Position in Cohu, Inc. (NASDAQ:COHU)

Comerica Bank trimmed its holdings in Cohu, Inc. (NASDAQ:COHUGet Rating) by 10.8% during the 3rd quarter, HoldingsChannel reports. The institutional investor owned 36,899 shares of the semiconductor company’s stock after selling 4,470 shares during the period. Comerica Bank’s holdings in Cohu were worth $1,104,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently modified their holdings of COHU. Pinebridge Investments L.P. grew its position in Cohu by 444.5% in the 2nd quarter. Pinebridge Investments L.P. now owns 1,089 shares of the semiconductor company’s stock valued at $30,000 after acquiring an additional 889 shares during the last quarter. US Bancorp DE boosted its stake in shares of Cohu by 185.4% during the second quarter. US Bancorp DE now owns 1,213 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 788 shares during the period. FMR LLC grew its holdings in shares of Cohu by 209.1% in the second quarter. FMR LLC now owns 1,391 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 941 shares during the last quarter. Captrust Financial Advisors increased its stake in Cohu by 96.1% in the 1st quarter. Captrust Financial Advisors now owns 2,698 shares of the semiconductor company’s stock worth $80,000 after buying an additional 1,322 shares during the period. Finally, Morgan Dempsey Capital Management LLC lifted its holdings in Cohu by 27.7% during the 2nd quarter. Morgan Dempsey Capital Management LLC now owns 2,943 shares of the semiconductor company’s stock valued at $82,000 after buying an additional 638 shares in the last quarter. 90.79% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Steven J. Bilodeau sold 9,000 shares of the firm’s stock in a transaction on Friday, November 11th. The stock was sold at an average price of $37.13, for a total value of $334,170.00. Following the completion of the sale, the director now owns 57,138 shares of the company’s stock, valued at approximately $2,121,533.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Cohu news, Director Nina Richardson sold 769 shares of the firm’s stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $33.35, for a total value of $25,646.15. Following the completion of the transaction, the director now owns 26,083 shares of the company’s stock, valued at $869,868.05. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director Steven J. Bilodeau sold 9,000 shares of the business’s stock in a transaction on Friday, November 11th. The shares were sold at an average price of $37.13, for a total transaction of $334,170.00. Following the sale, the director now directly owns 57,138 shares in the company, valued at $2,121,533.94. The disclosure for this sale can be found here. Over the last three months, insiders have sold 21,336 shares of company stock valued at $781,543. 2.33% of the stock is currently owned by insiders.

Cohu Trading Up 0.2 %

Shares of NASDAQ COHU opened at $36.39 on Wednesday. The business has a fifty day moving average price of $34.32 and a 200 day moving average price of $30.78. Cohu, Inc. has a 1-year low of $24.06 and a 1-year high of $37.66. The company has a debt-to-equity ratio of 0.08, a current ratio of 4.39 and a quick ratio of 3.42. The stock has a market capitalization of $1.73 billion, a P/E ratio of 18.57 and a beta of 1.56.

Cohu (NASDAQ:COHUGet Rating) last released its quarterly earnings results on Thursday, October 27th. The semiconductor company reported $0.67 EPS for the quarter, beating the consensus estimate of $0.59 by $0.08. Cohu had a net margin of 11.81% and a return on equity of 14.98%. The business had revenue of $206.69 million during the quarter, compared to analyst estimates of $202.50 million. Equities research analysts expect that Cohu, Inc. will post 2.58 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. Cowen raised their target price on shares of Cohu from $35.00 to $42.00 and gave the stock an “outperform” rating in a research report on Monday, October 31st. DA Davidson reduced their price objective on Cohu to $40.00 in a report on Tuesday, November 1st. Citigroup upgraded Cohu from a “neutral” rating to a “buy” rating and upped their target price for the stock from $30.00 to $45.00 in a report on Friday, November 4th. The Goldman Sachs Group raised their price target on Cohu from $25.00 to $28.00 and gave the company a “sell” rating in a research note on Tuesday, November 1st. Finally, Cowen lifted their price objective on Cohu from $35.00 to $42.00 and gave the company an “outperform” rating in a report on Monday, October 31st. One research analyst has rated the stock with a sell rating, one has issued a hold rating and six have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $38.00.

Cohu Company Profile

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Cohu, Inc, through its subsidiaries, provides semiconductor test equipment and services in China, the United States, Taiwan, Malaysia, the Philippines, and internationally. The company supplies semiconductor test and inspection handlers, micro-electromechanical system (MEMS) test modules, test contactors, thermal sub-systems, and semiconductor automated test equipment for semiconductor and electronics manufacturers, and test subcontractors.

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Institutional Ownership by Quarter for Cohu (NASDAQ:COHU)

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