Cohu (NASDAQ:COHU) Director James Donahue Sells 10,257 Shares

Cohu, Inc. (NASDAQ:COHU) Director James Donahue sold 10,257 shares of the stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $46.77, for a total value of $479,719.89. Following the completion of the transaction, the director owned 3,578 shares in the company, valued at $167,343.06. The trade was a 74.14% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link.

Cohu Trading Up 7.3%

COHU traded up $3.40 during mid-day trading on Tuesday, reaching $49.93. The stock had a trading volume of 2,631,570 shares, compared to its average volume of 1,335,655. The stock has a market capitalization of $2.36 billion, a P/E ratio of -41.96 and a beta of 1.61. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.31 and a current ratio of 6.43. The firm’s fifty day simple moving average is $39.92 and its two-hundred day simple moving average is $31.34. Cohu, Inc. has a 52 week low of $16.95 and a 52 week high of $52.43.

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

Wall Street Analyst Weigh In

A number of research analysts have commented on the company. Zacks Research upgraded Cohu from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cohu in a research report on Monday, April 20th. Evercore reiterated an “outperform” rating and issued a $53.00 price objective on shares of Cohu in a research report on Tuesday, April 28th. Jefferies Financial Group set a $60.00 price objective on Cohu and gave the company a “buy” rating in a research report on Friday, May 1st. Finally, Needham & Company LLC increased their price target on Cohu from $33.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Six equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Cohu presently has an average rating of “Moderate Buy” and a consensus target price of $49.00.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Bessemer Group Inc. lifted 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 valued at $31,000 after purchasing an additional 488 shares during the period. Hollencrest Capital Management acquired a new position in shares of Cohu in the 1st quarter valued at $31,000. Hantz Financial Services Inc. lifted 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 valued at $32,000 after purchasing an additional 715 shares during the period. Farther Finance Advisors LLC lifted 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 valued at $34,000 after purchasing an additional 452 shares during the period. Finally, Kestra Advisory Services LLC acquired a new position in shares of Cohu in the 4th quarter valued at $34,000. Institutional investors and hedge funds own 94.67% of the company’s stock.

About Cohu

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.