Deutsche Bank AG Makes New Investment in Cohu, Inc. $COHU

Deutsche Bank AG acquired a new position in shares of Cohu, Inc. (NASDAQ:COHU) during the 2nd quarter, Holdings Channel reports. The fund acquired 47,739 shares of the semiconductor company’s stock, valued at approximately $3,528,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Assenagon Asset Management S.A. bought a new stake in shares of Cohu in the 1st quarter valued at about $705,000. Vanguard Group Inc. boosted its stake in shares of Cohu by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 4,361,164 shares of the semiconductor company’s stock valued at $101,484,000 after purchasing an additional 57,618 shares in the last quarter. Mizuho Markets Americas LLC increased its holdings in Cohu by 349.3% during the fourth quarter. Mizuho Markets Americas LLC now owns 302,838 shares of the semiconductor company’s stock valued at $7,047,000 after buying an additional 235,438 shares during the period. Louisiana State Employees Retirement System purchased a new position in Cohu during the first quarter valued at approximately $634,000. Finally, Leeward Investments LLC MA raised its stake in Cohu by 4.0% in the first quarter. Leeward Investments LLC MA now owns 646,133 shares of the semiconductor company’s stock worth $19,785,000 after buying an additional 24,755 shares in the last quarter. 94.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

COHU has been the subject of a number of analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cohu in a research report on Friday, July 17th. Robert W. Baird began coverage on Cohu in a research note on Wednesday, July 8th. They set an “outperform” rating and a $65.00 price objective for the company. TD Cowen raised their price objective on Cohu from $60.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, June 16th. Zacks Research upgraded Cohu from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Finally, Needham & Company LLC boosted their target price on shares of Cohu from $54.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and an average target price of $68.75.

Cohu Stock Performance

COHU opened at $51.06 on Thursday. The company has a current ratio of 5.74, a quick ratio of 4.72 and a debt-to-equity ratio of 0.37. The firm has a 50 day moving average of $56.04 and a two-hundred day moving average of $45.72. Cohu, Inc. has a 12-month low of $18.67 and a 12-month high of $74.60. The firm has a market capitalization of $2.42 billion, a PE ratio of -61.52 and a beta of 1.59.

Cohu (NASDAQ:COHU) last posted its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $0.26 EPS for the quarter, beating the consensus estimate of $0.14 by $0.12. The company had revenue of $149.00 million for the quarter, compared to analyst estimates of $144.20 million. Cohu had a negative net margin of 7.43% and a negative return on equity of 1.96%. The firm’s revenue was up 38.3% on a year-over-year basis. During the same period in the prior year, the company earned $0.02 earnings per share. On average, analysts anticipate that Cohu, Inc. will post 0.47 EPS for the current year.

Insider Transactions at Cohu

In other news, SVP Christopher Bohrson sold 10,000 shares of Cohu stock in a transaction that occurred on Wednesday, August 19th. The shares were sold at an average price of $55.82, for a total transaction of $558,200.00. Following the completion of the transaction, the senior vice president directly owned 159,702 shares of the company’s stock, valued at $8,914,565.64. The trade was a 5.89% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Nina Richardson sold 3,055 shares of the business’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $51.54, for a total transaction of $157,454.70. Following the completion of the transaction, the director owned 39,093 shares of the company’s stock, valued at approximately $2,014,853.22. This represents a 7.25% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 30,307 shares of company stock valued at $1,630,573 in the last 90 days. 3.05% of the stock is currently owned by company insiders.

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.