Moody National Bank Trust Division Takes Position in Cohu, Inc. $COHU

Moody National Bank Trust Division acquired a new position in Cohu, Inc. (NASDAQ:COHU) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 22,352 shares of the semiconductor company’s stock, valued at approximately $520,000.

Other large investors have also added to or reduced their stakes in the company. Tudor Investment Corp ET AL acquired a new stake in Cohu in the 3rd quarter valued at $243,960,000. Invesco Ltd. boosted its stake in shares of Cohu by 478.4% during the 2nd quarter. Invesco Ltd. now owns 1,175,282 shares of the semiconductor company’s stock worth $22,612,000 after buying an additional 972,088 shares during the last quarter. Tributary Capital Management LLC grew its holdings in shares of Cohu by 131.5% in the 3rd quarter. Tributary Capital Management LLC now owns 1,520,386 shares of the semiconductor company’s stock valued at $30,909,000 after acquiring an additional 863,654 shares in the last quarter. Frontier Capital Management Co. LLC grew its holdings in shares of Cohu by 20.0% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 1,355,973 shares of the semiconductor company’s stock valued at $26,089,000 after acquiring an additional 226,453 shares in the last quarter. Finally, Susquehanna International Group LLP increased its position in shares of Cohu by 258.5% in the third quarter. Susquehanna International Group LLP now owns 269,429 shares of the semiconductor company’s stock valued at $5,477,000 after acquiring an additional 194,266 shares during the last quarter. Institutional investors and hedge funds own 94.67% of the company’s stock.

Cohu Trading Down 5.3%

Shares of NASDAQ:COHU opened at $30.23 on Friday. Cohu, Inc. has a 52-week low of $12.57 and a 52-week high of $34.96. The company has a market capitalization of $1.42 billion, a P/E ratio of -19.01 and a beta of 1.27. The company has a 50-day simple moving average of $29.83 and a 200 day simple moving average of $25.42. The company has a debt-to-equity ratio of 0.36, a quick ratio of 5.69 and a current ratio of 6.88.

Cohu (NASDAQ:COHU) last announced 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 analyst estimates of $122.09 million. Cohu had a negative return on equity of 3.76% and a negative net margin of 16.40%.Cohu’s quarterly revenue was up 29.9% compared to the same quarter last year. During the same period last year, the firm earned ($0.15) EPS. Sell-side analysts forecast that Cohu, Inc. will post -0.36 earnings per share for the current year.

Insider Activity at Cohu

In related news, SVP Christopher Bohrson sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $28.57, for a total transaction of $28,570.00. Following the transaction, the senior vice president directly owned 176,202 shares of the company’s stock, valued at approximately $5,034,091.14. The trade was a 0.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 2.86% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently issued reports on COHU. Evercore assumed coverage on Cohu in a report on Monday, March 16th. They set an “outperform” rating and a $35.00 target price on the stock. B. Riley Financial lowered their price target on Cohu from $35.00 to $33.00 and set a “buy” rating on the stock in a research report on Friday, February 13th. TD Cowen upped their price objective on Cohu from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. Zacks Research downgraded Cohu from a “hold” rating to a “strong sell” rating in a report on Thursday, February 19th. Finally, Needham & Company LLC raised their target price on shares of Cohu from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Five analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Cohu presently has an average rating of “Hold” and a consensus target price of $34.00.

About Cohu

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.