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

Moody National Bank Trust Division trimmed its holdings in shares of Cohu, Inc. (NASDAQ:COHU) by 61.3% during the second quarter, Holdings Channel.com reports. 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 SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. SG Capital Management LLC bought a new stake in shares of Cohu in the fourth quarter valued at approximately $33,174,000. Invesco Ltd. raised its stake in Cohu by 478.4% in the second quarter. Invesco Ltd. now owns 1,175,282 shares of the semiconductor company’s stock valued at $22,612,000 after purchasing an additional 972,088 shares in the last quarter. Emerald Advisers LLC bought a new stake in Cohu during the first quarter worth about $23,887,000. Segall Bryant & Hamill LLC grew its stake in Cohu by 125.5% during the first quarter. Segall Bryant & Hamill LLC now owns 955,344 shares of the semiconductor company’s stock worth $29,253,000 after buying an additional 531,661 shares in the last quarter. Finally, Emerald Mutual Fund Advisers Trust acquired a new stake in Cohu during the first quarter worth about $14,999,000. 94.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on COHU. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cohu in a report on Friday, July 17th. Zacks Research upgraded Cohu from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Jefferies Financial Group reissued a “buy” rating and set a $74.00 price target on shares of Cohu in a report on Friday, July 31st. B. Riley Financial increased their target price on shares of Cohu from $65.00 to $69.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Finally, Robert W. Baird assumed coverage on shares of Cohu in a research report on Wednesday, July 8th. They set an “outperform” rating and a $65.00 price objective for the company. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Buy” and a consensus price target of $68.75.

Cohu Stock Performance

Cohu stock opened at $51.79 on Friday. The business has a 50 day moving average of $56.70 and a 200-day moving average of $43.18. Cohu, Inc. has a 1 year low of $18.67 and a 1 year high of $74.60. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.74 and a quick ratio of 4.72. The company has a market capitalization 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 data on Thursday, July 30th. The semiconductor company reported $0.26 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analyst estimates of $144.20 million. During the same quarter last year, the business earned $0.02 EPS. The firm’s quarterly revenue was up 38.3% on a year-over-year basis. On average, equities research analysts predict that Cohu, Inc. will post 0.21 earnings per share for the current year.

Insider Activity at Cohu

In related news, Director Steven J. Bilodeau sold 10,257 shares of the stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $44.85, for a total value of $460,026.45. Following the completion of the sale, the director directly owned 52,272 shares in the company, valued at $2,344,399.20. This represents a 16.40% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CFO Jeffrey D. Jones sold 13,000 shares of the company’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $46.84, for a total value of $608,920.00. Following the completion of the sale, the chief financial officer owned 343,792 shares in the company, valued at $16,103,217.28. This trade represents a 3.64% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 107,975 shares of company stock valued at $5,156,609 in the last quarter. Insiders own 3.05% of the company’s stock.

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.