Cohu (NASDAQ:COHU) Director Sells $157,454.70 in Stock

Cohu, Inc. (NASDAQ:COHU) Director Nina Richardson sold 3,055 shares of the 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 transaction, the director owned 39,093 shares of the company’s stock, valued at approximately $2,014,853.22. The trade was a 7.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Cohu Trading Up 2.1%

NASDAQ COHU opened at $52.88 on Friday. The stock has a market capitalization of $2.50 billion, a price-to-earnings ratio of -63.71 and a beta of 1.59. The stock’s 50 day moving average price is $56.70 and its two-hundred day moving average price is $43.25. The company has a debt-to-equity ratio of 0.37, a quick ratio of 4.72 and a current ratio of 5.74. Cohu, Inc. has a 52 week low of $18.67 and a 52 week high of $74.60.

Cohu (NASDAQ:COHU) last issued its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.12. Cohu had a negative net margin of 7.43% and a negative return on equity of 1.96%. The company had revenue of $149.00 million during the quarter, compared to analysts’ expectations of $144.20 million. During the same period last year, the business earned $0.02 EPS. The business’s quarterly revenue was up 38.3% on a year-over-year basis. As a group, analysts anticipate that Cohu, Inc. will post 0.47 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on COHU shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cohu in a research note on Friday, July 17th. B. Riley Financial raised their price objective on Cohu from $65.00 to $69.00 and gave the company a “buy” rating in a report on Friday, July 31st. Robert W. Baird started coverage on Cohu in a research report on Wednesday, July 8th. They issued an “outperform” rating and a $65.00 target price on the stock. Needham & Company LLC increased their price target on Cohu from $54.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Finally, Craig Hallum reissued a “buy” rating and issued a $74.00 price objective on shares of Cohu in a report on Friday, July 31st. Two analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $68.75.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Cohu during the 2nd quarter valued at $48,000. Hollencrest Capital Management acquired a new position in shares of Cohu in the first quarter valued at $31,000. Kestra Advisory Services LLC acquired a new position in shares of Cohu in the fourth quarter valued at $34,000. Farther Finance Advisors LLC raised its position in shares of Cohu by 45.0% in the fourth quarter. Farther Finance Advisors LLC now owns 1,456 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 452 shares during the period. Finally, Los Angeles Capital Management LLC bought a new position in shares of Cohu in the fourth quarter valued at about $37,000. 94.67% of the stock is owned by institutional investors and hedge funds.

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.