Cohu, Inc. (NASDAQ:COHU) Shares Sold by Penbrook Management LLC

Penbrook Management LLC lessened its stake in Cohu, Inc. (NASDAQ:COHU) by 6.3% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 63,595 shares of the semiconductor company’s stock after selling 4,250 shares during the period. Cohu accounts for about 1.3% of Penbrook Management LLC’s holdings, making the stock its 15th biggest position. Penbrook Management LLC owned approximately 0.14% of Cohu worth $2,120,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the stock. TFO Wealth Partners LLC increased its position in Cohu by 10,587.5% in the 4th quarter. TFO Wealth Partners LLC now owns 855 shares of the semiconductor company’s stock valued at $283,000 after acquiring an additional 847 shares during the period. Mirae Asset Global Investments Co. Ltd. increased its position in Cohu by 4.2% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,314 shares of the semiconductor company’s stock valued at $754,000 after acquiring an additional 865 shares during the period. Meeder Asset Management Inc. acquired a new position in Cohu in the 4th quarter valued at about $35,000. Deutsche Bank AG boosted its holdings in Cohu by 12.6% in the 3rd quarter. Deutsche Bank AG now owns 23,694 shares of the semiconductor company’s stock valued at $816,000 after purchasing an additional 2,659 shares in the last quarter. Finally, Keeley Teton Advisors LLC boosted its holdings in Cohu by 9.4% in the 4th quarter. Keeley Teton Advisors LLC now owns 31,501 shares of the semiconductor company’s stock valued at $1,115,000 after purchasing an additional 2,701 shares in the last quarter. Institutional investors and hedge funds own 94.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on COHU. TD Cowen lowered their price objective on Cohu from $40.00 to $36.00 and set a “buy” rating on the stock in a report on Friday, May 3rd. Needham & Company LLC lowered their price objective on Cohu from $36.00 to $34.00 and set a “buy” rating on the stock in a report on Monday, May 6th. B. Riley lowered their price objective on Cohu from $45.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, May 3rd. Citigroup lowered their price objective on Cohu from $40.00 to $36.00 and set a “buy” rating on the stock in a report on Monday, May 6th. Finally, Craig Hallum lowered their price objective on Cohu from $35.00 to $30.00 and set a “hold” rating on the stock in a report on Friday, May 3rd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, Cohu currently has an average rating of “Moderate Buy” and an average price target of $37.33.

Cohu Price Performance

Shares of NASDAQ:COHU traded up $1.04 during trading on Tuesday, hitting $33.43. 260,674 shares of the stock were exchanged, compared to its average volume of 292,900. The company has a current ratio of 6.29, a quick ratio of 4.63 and a debt-to-equity ratio of 0.01. Cohu, Inc. has a 12-month low of $28.57 and a 12-month high of $43.99. The company has a market cap of $1.57 billion, a PE ratio of -658.00 and a beta of 1.58. The company has a fifty day moving average price of $31.03 and a two-hundred day moving average price of $32.11.

Cohu (NASDAQ:COHU) last issued its quarterly earnings data on Thursday, May 2nd. The semiconductor company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.01. Cohu had a positive return on equity of 3.91% and a negative net margin of 0.38%. The firm had revenue of $107.61 million during the quarter, compared to the consensus estimate of $107.00 million. On average, analysts forecast that Cohu, Inc. will post -0.07 EPS for the current year.

Insider Buying and Selling

In related news, Director William Bendush sold 2,591 shares of Cohu stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $29.83, for a total transaction of $77,289.53. Following the completion of the transaction, the director now directly owns 36,662 shares in the company, valued at approximately $1,093,627.46. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Cohu news, SVP Christopher Bohrson sold 2,000 shares of the business’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $30.00, for a total value of $60,000.00. Following the completion of the transaction, the senior vice president now directly owns 130,339 shares in the company, valued at approximately $3,910,170. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director William Bendush sold 2,591 shares of the business’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $29.83, for a total value of $77,289.53. Following the completion of the transaction, the director now owns 36,662 shares of the company’s stock, valued at $1,093,627.46. The disclosure for this sale can be found here. Insiders sold 10,091 shares of company stock worth $298,755 in the last ninety days. Insiders own 2.70% of the company’s stock.

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.