First National Bank of Omaha Purchases 6,873 Shares of Cohu, Inc. (NASDAQ:COHU)

First National Bank of Omaha grew its position in Cohu, Inc. (NASDAQ:COHU) by 63.0% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 17,777 shares of the semiconductor company’s stock after acquiring an additional 6,873 shares during the quarter. First National Bank of Omaha’s holdings in Cohu were worth $457,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of the company. Mackenzie Financial Corp lifted its position in shares of Cohu by 5.6% in the 2nd quarter. Mackenzie Financial Corp now owns 7,939 shares of the semiconductor company’s stock worth $263,000 after acquiring an additional 419 shares during the period. Wedge Capital Management L L P NC lifted its position in shares of Cohu by 1.0% during the 2nd quarter. Wedge Capital Management L L P NC now owns 47,223 shares of the semiconductor company’s stock worth $1,563,000 after buying an additional 466 shares during the period. Oak Associates Ltd. OH lifted its position in shares of Cohu by 0.6% during the 2nd quarter. Oak Associates Ltd. OH now owns 83,704 shares of the semiconductor company’s stock worth $2,771,000 after buying an additional 521 shares during the period. First Horizon Advisors Inc. lifted its position in shares of Cohu by 49.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,622 shares of the semiconductor company’s stock worth $42,000 after buying an additional 535 shares during the period. Finally, Signaturefd LLC lifted its position in shares of Cohu by 1,256.3% during the 2nd quarter. Signaturefd LLC now owns 868 shares of the semiconductor company’s stock worth $29,000 after buying an additional 804 shares during the period. Institutional investors own 94.67% of the company’s stock.

Cohu Stock Up 3.5 %

NASDAQ COHU opened at $27.46 on Tuesday. The stock has a fifty day moving average of $25.99 and a 200-day moving average of $28.06. The stock has a market capitalization of $1.28 billion, a P/E ratio of -25.43 and a beta of 1.51. Cohu, Inc. has a 52 week low of $22.80 and a 52 week high of $36.60. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.69 and a current ratio of 6.38.

Cohu (NASDAQ:COHU) last released its earnings results on Thursday, October 31st. The semiconductor company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.02). The firm had revenue of $95.30 million during the quarter, compared to analyst estimates of $95.75 million. Cohu had a negative net margin of 11.35% and a negative return on equity of 1.01%. The firm’s quarterly revenue was down 36.8% on a year-over-year basis. During the same period last year, the business posted $0.27 earnings per share. On average, equities research analysts forecast that Cohu, Inc. will post -0.46 EPS for the current year.

Analyst Ratings Changes

COHU has been the subject of several analyst reports. Needham & Company LLC raised their target price on Cohu from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. Craig Hallum upgraded Cohu from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research report on Friday, November 1st. The Goldman Sachs Group dropped their price target on Cohu from $26.00 to $23.00 and set a “sell” rating for the company in a report on Friday, November 1st. Finally, TD Cowen dropped their price target on Cohu from $36.00 to $30.00 and set a “buy” rating for the company in a report on Friday, November 1st. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $31.50.

Insider Activity

In related news, Director Nina Richardson sold 4,999 shares of Cohu stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $24.14, for a total transaction of $120,675.86. Following the completion of the sale, the director now directly owns 28,313 shares of the company’s stock, valued at $683,475.82. The trade was a 15.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. In the last ninety days, insiders sold 5,399 shares of company stock valued at $131,188. Company insiders own 2.70% of the company’s stock.

Cohu Profile

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 manufacturers and test subcontractors.