Comerica Bank Sells 4,470 Shares of Cohu, Inc. (NASDAQ:COHU)

Comerica Bank lessened its holdings in Cohu, Inc. (NASDAQ:COHUGet Rating) by 10.8% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 36,899 shares of the semiconductor company’s stock after selling 4,470 shares during the quarter. Comerica Bank owned 0.08% of Cohu worth $1,104,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in COHU. Pinebridge Investments L.P. increased its holdings in shares of Cohu by 444.5% in the second quarter. Pinebridge Investments L.P. now owns 1,089 shares of the semiconductor company’s stock worth $30,000 after buying an additional 889 shares during the period. US Bancorp DE grew its position in Cohu by 185.4% during the 2nd quarter. US Bancorp DE now owns 1,213 shares of the semiconductor company’s stock worth $34,000 after acquiring an additional 788 shares during the last quarter. FMR LLC grew its position in Cohu by 209.1% during the 2nd quarter. FMR LLC now owns 1,391 shares of the semiconductor company’s stock worth $38,000 after acquiring 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 purchasing an additional 1,322 shares during the period. Finally, Morgan Dempsey Capital Management LLC raised 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 during the last quarter. 90.79% of the stock is owned by institutional investors.

Insider Transactions at Cohu

In related news, VP Ian P. Lawee sold 1,567 shares of the stock in a transaction that occurred on Tuesday, November 1st. The shares were sold at an average price of $33.01, for a total transaction of $51,726.67. Following the transaction, the vice president now owns 53,518 shares in the company, valued at $1,766,629.18. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, CFO Jeffrey D. Jones sold 10,000 shares of Cohu stock in a transaction on Friday, November 11th. The stock was sold at an average price of $37.00, for a total value of $370,000.00. Following the completion of the sale, the chief financial officer now owns 249,733 shares of the company’s stock, valued at $9,240,121. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Ian P. Lawee sold 1,567 shares of the company’s stock in a transaction on Tuesday, November 1st. The shares were sold at an average price of $33.01, for a total value of $51,726.67. Following the sale, the vice president now owns 53,518 shares of the company’s stock, valued at approximately $1,766,629.18. The disclosure for this sale can be found here. Insiders sold 21,336 shares of company stock worth $781,543 over the last three months. 2.33% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. Citigroup upgraded shares of Cohu from a “neutral” rating to a “buy” rating and increased their target price for the stock from $30.00 to $45.00 in a report on Friday, November 4th. Cowen lifted their price target on Cohu from $35.00 to $42.00 and gave the company an “outperform” rating in a research report on Monday, October 31st. StockNews.com raised shares of Cohu from a “hold” rating to a “buy” rating in a research report on Tuesday, December 13th. DA Davidson cut their price objective on shares of Cohu to $40.00 in a report on Tuesday, November 1st. Finally, The Goldman Sachs Group lifted their target price on shares of Cohu from $25.00 to $28.00 and gave the company a “sell” rating in a report on Tuesday, November 1st. One investment 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. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.00.

Cohu Stock Performance

Shares of COHU opened at $36.39 on Wednesday. Cohu, Inc. has a 12 month low of $24.06 and a 12 month high of $37.66. The business’s fifty day simple moving average is $34.32 and its two-hundred day simple moving average is $30.78. The company has a current ratio of 4.39, a quick ratio of 3.42 and a debt-to-equity ratio of 0.08. The company has a market cap of $1.73 billion, a price-to-earnings ratio of 18.57 and a beta of 1.56.

Cohu (NASDAQ:COHUGet Rating) last released its quarterly earnings data 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 return on equity of 14.98% and a net margin of 11.81%. The company had revenue of $206.69 million for the quarter, compared to analysts’ expectations of $202.50 million. Research analysts anticipate that Cohu, Inc. will post 2.58 earnings per share for the current fiscal year.

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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