Cohu (NASDAQ:COHU) Director Sells 3,055 Shares of 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 transaction 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. This represents a 7.25% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Cohu Stock Up 0.1%

NASDAQ COHU traded up $0.06 during trading hours on Thursday, hitting $51.79. 637,013 shares of the company traded hands, compared to its average volume of 1,089,762. The company has a debt-to-equity ratio of 0.37, a quick ratio of 4.72 and a current ratio of 5.74. The business’s 50-day moving average is $56.70 and its 200-day moving average is $43.18. The stock has a market capitalization of $2.45 billion, a price-to-earnings ratio of -62.40 and a beta of 1.59. Cohu, Inc. has a twelve month low of $18.67 and a twelve month high of $74.60.

Cohu (NASDAQ:COHU) last posted 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. The firm had revenue of $149.00 million for the quarter, compared to analyst estimates of $144.20 million. Cohu had a negative return on equity of 1.96% and a negative net margin of 7.43%.The business’s quarterly revenue was up 38.3% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.02 EPS. Sell-side analysts anticipate that Cohu, Inc. will post 0.21 earnings per share for the current year.

Institutional Trading of Cohu

Large investors have recently modified their holdings of the stock. Global Retirement Partners LLC bought a new stake in Cohu during the second quarter worth about $179,000. Bank of New York Mellon Corp acquired a new stake in shares of Cohu in the 2nd quarter valued at $21,217,000. State of Wyoming acquired a new position in shares of Cohu during the 2nd quarter worth $209,000. Summit Global Investments acquired a new stake in Cohu in the second quarter valued at about $714,000. Finally, Trust Point Inc. acquired a new position in Cohu during the second quarter worth about $478,000. 94.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on COHU shares. B. Riley Financial lifted their price target on Cohu from $65.00 to $69.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Craig Hallum restated a “buy” rating and issued a $74.00 price target on shares of Cohu in a research note on Friday, July 31st. TD Cowen lifted their price objective on shares of Cohu from $60.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, June 16th. Needham & Company LLC increased their price objective on shares of Cohu from $54.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Cohu in a research note on Friday, July 17th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat, Cohu currently has a consensus rating of “Buy” and an average price target of $68.75.

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.