Cohu (NASDAQ:COHU) CFO Sells $608,920.00 in Stock

Cohu, Inc. (NASDAQ:COHU) CFO Jeffrey Jones sold 13,000 shares of the stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $46.84, for a total value of $608,920.00. Following the sale, the chief financial officer owned 343,792 shares in the company, valued at approximately $16,103,217.28. This trade represents a 3.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Cohu Stock Down 1.6%

Shares of COHU opened at $54.05 on Friday. The firm has a market capitalization of $2.55 billion, a price-to-earnings ratio of -45.42 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 business’s fifty day moving average price is $40.95 and its two-hundred day moving average price is $31.77. Cohu, Inc. has a 52 week low of $16.95 and a 52 week high of $55.20.

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, analysts predict that Cohu, Inc. will post 0.17 earnings per share for the current year.

Analyst Ratings Changes

Several equities research analysts have recently commented on COHU shares. Needham & Company LLC lifted their price target on shares of Cohu from $33.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Jefferies Financial Group set a $60.00 price target on shares of Cohu and gave the stock a “buy” rating in a research report on Friday, May 1st. Zacks Research upgraded shares of Cohu from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Weiss Ratings restated a “sell (d-)” rating on shares of Cohu in a research report on Monday, April 20th. Finally, Stifel Nicolaus raised their price target on Cohu from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, March 18th. Six equities 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 stock. Based on 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

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Tudor Investment Corp ET AL bought a new position in shares of Cohu in the 3rd quarter worth $243,960,000. Vanguard Group Inc. boosted its position in shares of Cohu by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 4,361,164 shares of the semiconductor company’s stock worth $101,484,000 after purchasing an additional 57,618 shares during the last quarter. Royce & Associates LP boosted its position in shares of Cohu by 0.4% in the 4th quarter. Royce & Associates LP now owns 1,918,424 shares of the semiconductor company’s stock worth $44,642,000 after purchasing an additional 7,927 shares during the last quarter. State Street Corp boosted its position in shares of Cohu by 0.3% in the 4th quarter. State Street Corp now owns 1,819,530 shares of the semiconductor company’s stock worth $42,340,000 after purchasing an additional 5,439 shares during the last quarter. Finally, SG Capital Management LLC bought a new position in Cohu during the fourth quarter worth about $33,174,000. 94.67% of the stock is currently owned by institutional investors.

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.