Royal Bank of Canada Sells 34,958 Shares of Cohu, Inc. $COHU

Royal Bank of Canada trimmed its stake in shares of Cohu, Inc. (NASDAQ:COHU) by 47.3% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 38,891 shares of the semiconductor company’s stock after selling 34,958 shares during the quarter. Royal Bank of Canada’s holdings in Cohu were worth $1,191,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. Hollencrest Capital Management acquired a new position in shares of Cohu in the 1st quarter worth approximately $31,000. Farther Finance Advisors LLC boosted its stake in Cohu by 45.0% in the 4th quarter. Farther Finance Advisors LLC now owns 1,456 shares of the semiconductor company’s stock valued at $34,000 after buying an additional 452 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in Cohu in the 4th quarter valued at $34,000. Los Angeles Capital Management LLC bought a new stake in Cohu in the fourth quarter valued at $37,000. Finally, Smartleaf Asset Management LLC grew its position in Cohu by 202.7% in the second quarter. Smartleaf Asset Management LLC now owns 2,113 shares of the semiconductor company’s stock valued at $41,000 after acquiring an additional 1,415 shares during the period. 94.67% of the stock is currently owned by institutional investors.

Cohu Trading Down 2.0%

COHU stock opened at $54.11 on Friday. The business has a fifty day moving average price of $56.96 and a 200 day moving average price of $45.09. Cohu, Inc. has a fifty-two week low of $18.67 and a fifty-two week high of $74.60. The stock has a market capitalization of $2.56 billion, a price-to-earnings ratio of -65.19 and a beta of 1.59. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.74 and a quick ratio of 4.72.

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 the consensus estimate of $0.14 by $0.12. The firm had revenue of $149.00 million during the quarter, compared to the consensus estimate of $144.20 million. Cohu had a negative return on equity of 1.96% and a negative net margin of 7.43%.The business’s revenue for the quarter was up 38.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.02 EPS. Analysts expect that Cohu, Inc. will post 0.47 EPS for the current fiscal year.

Analyst Ratings Changes

COHU has been the subject of a number of analyst reports. Zacks Research raised Cohu from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Needham & Company LLC upped 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. Stifel Nicolaus increased their target price on shares of Cohu from $50.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. 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. Finally, Craig Hallum restated a “buy” rating and issued a $74.00 price target on shares of Cohu in a research report on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Buy” and a consensus target price of $68.75.

Insider Activity at Cohu

In related news, SVP Christopher Bohrson sold 1,000 shares of Cohu stock in a transaction dated Monday, August 17th. The stock was sold at an average price of $61.90, for a total value of $61,900.00. Following the completion of the transaction, the senior vice president directly owned 169,702 shares of the company’s stock, valued at $10,504,553.80. The trade was a 0.59% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. 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 stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $51.54, for a total transaction of $157,454.70. Following the sale, the director directly owned 39,093 shares in the company, valued at approximately $2,014,853.22. This represents a 7.25% decrease in their position. 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 sold 20,307 shares of company stock valued at $1,072,373 over the last ninety days. 3.05% of the stock is owned by insiders.

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.