Deutsche Bank AG Buys Shares of 47,739 Cohu, Inc. $COHU

Key Points

• Deutsche Bank acquired 47,739 Cohu shares worth approximately $3.53 million, giving it a 0.10% stake. Hedge funds and other institutional investors collectively own 94.67% of Cohu.
• Cohu reported quarterly earnings of $0.26 per share, beating estimates of $0.14, while revenue rose 38.3% year over year to $149 million. Shares opened at $51.06, below their 52-week high of $74.60.
• Analysts maintain a consensus “Buy” rating with an average price target of $68.75, although company directors sold a combined 30,307 shares worth approximately $1.63 million over the past 90 days.

Deutsche Bank AG acquired a new stake in shares of Cohu, Inc. (NASDAQ:COHU - Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 47,739 shares of the semiconductor company's stock, valued at approximately $3,528,000. Deutsche Bank AG owned 0.10% of Cohu as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Hollencrest Capital Management bought a new position in shares of Cohu in the 1st quarter worth approximately $31,000. Farther Finance Advisors LLC grew its position in Cohu by 45.0% during the fourth 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 during the period. Kestra Advisory Services LLC purchased a new stake in Cohu during the fourth quarter valued at approximately $34,000. Los Angeles Capital Management LLC purchased a new stake in Cohu during the fourth quarter valued at approximately $37,000. Finally, Smartleaf Asset Management LLC raised 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 worth $41,000 after acquiring an additional 1,415 shares during the period. 94.67% of the stock is owned by hedge funds and other institutional investors.

Cohu Stock Performance

Shares of NASDAQ COHU opened at $51.06 on Thursday. The stock has a market cap of $2.42 billion, a PE ratio of -61.52 and a beta of 1.59. Cohu, Inc. has a 1 year low of $18.67 and a 1 year high of $74.60. The firm has a fifty day moving average price of $56.04 and a 200-day moving average price of $45.72. 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 - Get Free Report) last released its earnings results on Thursday, July 30th. The semiconductor company reported $0.26 earnings per share for the quarter, beating analysts' consensus estimates of $0.14 by $0.12. The company had revenue of $149.00 million for the quarter, compared to analysts' expectations of $144.20 million. Cohu had a negative net margin of 7.43% and a negative return on equity of 1.96%. Cohu's revenue for the quarter was up 38.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.02 EPS. Equities analysts anticipate that Cohu, Inc. will post 0.47 earnings per share for the current fiscal year.

Insider Buying and Selling at Cohu

In other news, Director Nina Richardson sold 3,055 shares of the company's stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $51.54, for a total value of $157,454.70. Following the completion of the transaction, the director owned 39,093 shares of the company's stock, valued at $2,014,853.22. This represents a 7.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Andrew M. Caggia sold 15,252 shares of the stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $51.74, for a total value of $789,138.48. Following the sale, the director owned 64,778 shares of the company's stock, valued at $3,351,613.72. This represents a 19.06% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 30,307 shares of company stock valued at $1,630,573 over the last ninety days. 3.05% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

COHU has been the subject of a number of recent research reports. Craig Hallum reissued a "buy" rating and set a $74.00 price objective on shares of Cohu in a research report on Friday, July 31st. Stifel Nicolaus raised their target price on Cohu from $50.00 to $70.00 and gave the stock a "buy" rating in a report on Friday, July 10th. Zacks Research upgraded Cohu from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 30th. Robert W. Baird initiated coverage on Cohu in a report on Wednesday, July 8th. They set an "outperform" rating and a $65.00 price target for the company. Finally, TD Cowen upped their price target on Cohu from $60.00 to $80.00 and gave the stock a "buy" rating in a research report on Tuesday, June 16th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Sell rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Buy" and a consensus price target of $68.75.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

Continue following MarketBeat

Add MarketBeat as your preferred source on Google to see our latest stories in your feed.

Add As Preferred Source