William Bendush Sells 7,500 Shares of Cohu (NASDAQ:COHU) Stock

Cohu, Inc. (NASDAQ:COHU) Director William Bendush sold 7,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $49.14, for a total value of $368,550.00. Following the transaction, the director directly owned 24,780 shares of the company’s stock, valued at approximately $1,217,689.20. The trade was a 23.23% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Cohu Trading Down 3.7%

Shares of COHU stock opened at $47.14 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.43 and a quick ratio of 5.31. The company has a market cap of $2.22 billion, a price-to-earnings ratio of -39.61 and a beta of 1.61. The stock has a 50 day simple moving average of $37.44 and a 200-day simple moving average of $30.20. Cohu, Inc. has a 1-year low of $16.46 and a 1-year high of $52.43.

Cohu (NASDAQ:COHU) last announced its earnings results on Thursday, April 30th. The semiconductor company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.02). The business had revenue of $125.12 million for the quarter, compared to analyst estimates of $122.14 million. Cohu had a negative return on equity of 3.50% and a negative net margin of 11.54%.The company’s quarterly revenue was up 29.3% compared to the same quarter last year. During the same period in the previous year, the company earned ($0.02) earnings per share. On average, equities research analysts expect that Cohu, Inc. will post 0.17 EPS for the current fiscal year.

Institutional Trading of Cohu

Hedge funds and other institutional investors have recently modified their holdings of the stock. Bessemer Group Inc. increased its stake in shares of Cohu by 45.4% in the 3rd quarter. Bessemer Group Inc. now owns 1,564 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 488 shares during the last quarter. Hollencrest Capital Management acquired a new stake in shares of Cohu in the 1st quarter worth $31,000. Hantz Financial Services Inc. increased its stake in shares of Cohu by 83.7% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,569 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 715 shares during the last quarter. Farther Finance Advisors LLC increased its stake in shares of Cohu by 45.0% in the 4th quarter. Farther Finance Advisors LLC now owns 1,456 shares of the semiconductor company’s stock worth $34,000 after acquiring an additional 452 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Cohu in the 4th quarter worth $34,000. 94.67% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

COHU has been the subject of several research analyst reports. Evercore reaffirmed an “outperform” rating and set a $53.00 target price on shares of Cohu in a research note on Tuesday, April 28th. Zacks Research raised Cohu from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. B. Riley Financial reissued a “buy” rating on shares of Cohu in a research note on Monday, April 20th. Needham & Company LLC increased their price objective on Cohu from $33.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Finally, TD Cowen increased their price objective on Cohu from $35.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Six research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $49.00.

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.