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

Amalgamated Bank reduced its stake in Cohu, Inc. (NASDAQ:COHU) by 3.2% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,886 shares of the semiconductor company’s stock after selling 457 shares during the period. Amalgamated Bank’s holdings in Cohu were worth $357,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Signaturefd LLC increased its stake in Cohu by 1,256.3% in the second quarter. Signaturefd LLC now owns 868 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 804 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in shares of Cohu by 558.8% during the second quarter. First Horizon Advisors Inc. now owns 1,087 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 922 shares during the last quarter. CWM LLC grew its holdings in shares of Cohu by 158.1% during the second quarter. CWM LLC now owns 1,533 shares of the semiconductor company’s stock valued at $51,000 after buying an additional 939 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new position in shares of Cohu during the second quarter valued at about $97,000. Finally, Perkins Coie Trust Co acquired a new position in shares of Cohu during the second quarter valued at about $132,000. 94.67% of the stock is owned by institutional investors.

Insider Buying and Selling at Cohu

In other news, Director Nina Richardson sold 4,999 shares of the business’s stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $24.14, for a total value of $120,675.86. Following the sale, the director now 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders have sold a total of 5,599 shares of company stock worth $135,850 over the last three months. 2.70% of the stock is currently owned by insiders.

Cohu Stock Down 1.7 %

Cohu stock opened at $24.99 on Monday. Cohu, Inc. has a fifty-two week low of $22.80 and a fifty-two week high of $36.60. The stock has a market cap of $1.16 billion, a PE ratio of -23.14 and a beta of 1.52. The firm’s 50-day simple moving average is $25.42 and its 200 day simple moving average is $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 released its earnings results on Thursday, October 31st. The semiconductor company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.02). The company had revenue of $95.30 million during the quarter, compared to analysts’ expectations 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 revenue was down 36.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.27 earnings per share. Research analysts predict that Cohu, Inc. will post -0.46 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on COHU. Needham & Company LLC lifted their price objective on shares of Cohu from $27.00 to $30.00 and gave the company a “buy” rating in a report on Friday, November 1st. Craig Hallum upgraded shares of Cohu from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Friday, November 1st. TD Cowen reduced their price objective on shares of Cohu from $36.00 to $30.00 and set a “buy” rating for the company in a report on Friday, November 1st. StockNews.com cut shares of Cohu from a “hold” rating to a “sell” rating in a report on Friday, August 2nd. Finally, The Goldman Sachs Group cut their price target on shares of Cohu from $26.00 to $23.00 and set a “sell” rating on the stock in a report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, Cohu currently has an average rating of “Hold” and a consensus target price of $31.50.

About Cohu

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.