Amalgamated Bank Sells 457 Shares of Cohu, Inc. (NASDAQ:COHU)

Amalgamated Bank lowered its holdings in Cohu, Inc. (NASDAQ:COHU) by 3.2% during the 3rd quarter, HoldingsChannel.com reports. The firm owned 13,886 shares of the semiconductor company’s stock after selling 457 shares during the quarter. Amalgamated Bank’s holdings in Cohu were worth $357,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently modified their holdings of COHU. Tributary Capital Management LLC bought a new stake in Cohu during the 2nd quarter worth approximately $11,781,000. Bank of New York Mellon Corp increased its holdings in Cohu by 54.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 905,309 shares of the semiconductor company’s stock worth $29,966,000 after acquiring an additional 320,234 shares during the period. Vanguard Group Inc. increased its holdings in Cohu by 3.3% during the 1st quarter. Vanguard Group Inc. now owns 4,303,097 shares of the semiconductor company’s stock worth $143,422,000 after acquiring an additional 137,475 shares during the period. Assenagon Asset Management S.A. increased its holdings in Cohu by 286.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 107,817 shares of the semiconductor company’s stock worth $2,771,000 after acquiring an additional 79,890 shares during the period. Finally, Envestnet Asset Management Inc. increased its holdings in Cohu by 529.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 70,880 shares of the semiconductor company’s stock worth $2,346,000 after acquiring an additional 59,617 shares during the period. Institutional investors own 94.67% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on the stock. Craig Hallum raised shares of Cohu from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research note on Friday, November 1st. StockNews.com cut shares of Cohu from a “hold” rating to a “sell” rating in a research note on Friday, August 2nd. Needham & Company LLC boosted their price target on shares of Cohu from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. TD Cowen cut their price target on shares of Cohu from $36.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Finally, The Goldman Sachs Group cut their price target on shares of Cohu from $26.00 to $23.00 and set a “sell” rating for the company in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $31.50.

Cohu Price Performance

Shares of Cohu stock opened at $24.99 on Monday. Cohu, Inc. has a 52-week low of $22.80 and a 52-week high of $36.60. The stock has a market capitalization of $1.16 billion, a price-to-earnings ratio of -23.14 and a beta of 1.52. The company has a fifty day moving average of $25.42 and a 200-day moving average of $28.43. 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 announced its quarterly earnings data on Thursday, October 31st. The semiconductor company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.02). Cohu had a negative net margin of 11.35% and a negative return on equity of 1.01%. The business had revenue of $95.30 million during the quarter, compared to analysts’ expectations of $95.75 million. During the same period last year, the company posted $0.27 EPS. Cohu’s revenue for the quarter was down 36.8% on a year-over-year basis. Equities research analysts expect that Cohu, Inc. will post -0.46 EPS for the current year.

Insider Buying and Selling at Cohu

In other Cohu news, Director Nina Richardson sold 4,999 shares of the stock in a transaction on Thursday, October 10th. The shares were 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 owns 28,313 shares of the company’s stock, valued at $683,475.82. This represents a 15.01 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders sold 5,599 shares of company stock valued at $135,850 in the last quarter. 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.