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

First National Bank of Omaha acquired a new stake in shares of Cohu, Inc. (NASDAQ:COHU) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 17,244 shares of the semiconductor company’s stock, valued at approximately $1,275,000.

Other institutional investors have also modified their holdings of the company. Hollencrest Capital Management purchased a new stake in Cohu during the 1st quarter valued at $31,000. Farther Finance Advisors LLC boosted its stake in Cohu by 45.0% during the fourth 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. Kestra Advisory Services LLC bought a new position in Cohu during the fourth quarter valued at $34,000. Los Angeles Capital Management LLC bought a new position in Cohu during the fourth quarter valued at $37,000. Finally, Smartleaf Asset Management LLC raised its stake in shares of Cohu by 202.7% in the second quarter. Smartleaf Asset Management LLC now owns 2,113 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 1,415 shares during the period. 94.67% of the stock is owned by institutional investors.

Cohu Trading Down 6.8%

NASDAQ COHU opened at $55.19 on Thursday. The stock has a market cap of $2.61 billion, a PE ratio of -66.49 and a beta of 1.59. Cohu, Inc. has a 12 month low of $18.67 and a 12 month high of $74.60. The company’s 50-day moving average price is $57.05 and its 200-day moving average price is $44.91. 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 (NASDAQ:COHU) last issued its earnings results on Thursday, July 30th. The semiconductor company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.12. Cohu had a negative net margin of 7.43% and a negative return on equity of 1.96%. The business had revenue of $149.00 million for the quarter, compared to analyst estimates of $144.20 million. During the same period last year, the company posted $0.02 earnings per share. The company’s quarterly revenue was up 38.3% compared to the same quarter last year. Equities research analysts forecast that Cohu, Inc. will post 0.47 earnings per share for the current year.

Insider Activity at Cohu

In other news, CFO Jeffrey D. Jones sold 13,000 shares of the stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $46.84, for a total transaction of $608,920.00. Following the transaction, the chief financial officer owned 343,792 shares of the company’s stock, valued at approximately $16,103,217.28. This represents a 3.64% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director James A. Donahue sold 10,257 shares of the stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $46.77, for a total value of $479,719.89. Following the transaction, the director directly owned 3,578 shares in the company, valued at $167,343.06. The trade was a 74.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 88,718 shares of company stock worth $4,266,093 over the last three months. Corporate insiders own 3.05% of the company’s stock.

Wall Street Analysts Forecast Growth

COHU has been the subject of a number of recent analyst reports. Evercore reaffirmed an “outperform” rating and set a $53.00 price target on shares of Cohu in a research note on Tuesday, April 28th. Stifel Nicolaus increased their price objective on shares of Cohu from $50.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Weiss Ratings reissued a “sell (d-)” rating on shares of Cohu in a research note on Friday, July 17th. B. Riley Financial boosted their target price on Cohu from $65.00 to $69.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Finally, Needham & Company LLC upped their target price on Cohu from $54.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Cohu currently has an average rating of “Buy” and an average target price of $68.75.

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.