First National Bank of Omaha Acquires New Position in Cohu, Inc. $COHU

First National Bank of Omaha bought a new position in Cohu, Inc. (NASDAQ:COHU) in the third quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 23,804 shares of the semiconductor company’s stock, valued at approximately $484,000. First National Bank of Omaha owned approximately 0.05% of Cohu at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Bessemer Group Inc. increased its position in Cohu by 45.4% during the third quarter. Bessemer Group Inc. now owns 1,564 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 488 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in shares of Cohu by 83.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,569 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 715 shares during the period. Smartleaf Asset Management LLC boosted its stake in shares of Cohu by 202.7% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,113 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 1,415 shares during the period. Tower Research Capital LLC TRC grew its holdings in Cohu by 135.9% during the 2nd quarter. Tower Research Capital LLC TRC now owns 4,526 shares of the semiconductor company’s stock valued at $87,000 after purchasing an additional 2,607 shares during the last quarter. Finally, Federated Hermes Inc. raised its position in Cohu by 664.1% in the 2nd quarter. Federated Hermes Inc. now owns 6,548 shares of the semiconductor company’s stock worth $126,000 after purchasing an additional 5,691 shares during the period. 94.67% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have commented on the company. Weiss Ratings restated a “sell (d-)” rating on shares of Cohu in a report on Wednesday, January 21st. Needham & Company LLC raised their price target on Cohu from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, February 13th. B. Riley Financial lowered their price objective on shares of Cohu from $35.00 to $33.00 and set a “buy” rating for the company in a research note on Friday, February 13th. Stifel Nicolaus increased their target price on shares of Cohu from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, January 14th. Finally, TD Cowen boosted their price target on shares of Cohu from $30.00 to $35.00 and gave the company a “buy” rating in a report on Friday, February 13th. Four investment analysts have rated the stock with a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $33.25.

Cohu Stock Up 1.7%

Shares of COHU stock opened at $30.31 on Friday. The stock’s fifty day moving average price is $27.38 and its 200 day moving average price is $23.70. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.88 and a quick ratio of 5.69. Cohu, Inc. has a 1-year low of $12.57 and a 1-year high of $34.96. The company has a market cap of $1.42 billion, a price-to-earnings ratio of -19.06 and a beta of 1.29.

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

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.