Cohu (NASDAQ:COHU) Director Sells $460,026.45 in Stock

Cohu, Inc. (NASDAQ:COHU) Director Steven Bilodeau sold 10,257 shares of Cohu stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $44.85, for a total value of $460,026.45. Following the sale, the director directly owned 52,272 shares of the company’s stock, valued at $2,344,399.20. This represents a 16.40% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink.

Cohu Stock Performance

COHU stock opened at $46.53 on Monday. 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 company’s 50-day simple moving average is $39.09 and its 200 day simple moving average is $30.99. Cohu, Inc. has a 52 week low of $16.46 and a 52 week high of $52.43. The company has a market capitalization of $2.19 billion, a PE ratio of -39.10 and a beta of 1.61.

Cohu (NASDAQ:COHU) last released its quarterly earnings results 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 business had revenue of $125.12 million for the quarter, compared to the consensus estimate of $122.14 million. Cohu had a negative return on equity of 3.50% and a negative net margin of 11.54%.Cohu’s revenue was up 29.3% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.02) earnings per share. As a group, sell-side analysts anticipate that Cohu, Inc. will post 0.17 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of COHU. Tudor Investment Corp ET AL acquired a new stake in shares of Cohu in the 3rd quarter valued at approximately $243,960,000. Vanguard Group Inc. grew its holdings in shares of Cohu by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 4,361,164 shares of the semiconductor company’s stock valued at $101,484,000 after purchasing an additional 57,618 shares during the last quarter. Royce & Associates LP increased its position in Cohu by 0.4% during 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 in the last quarter. State Street Corp increased its position in Cohu by 0.3% during 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 in the last quarter. Finally, SG Capital Management LLC bought a new position in Cohu in the 4th quarter valued at approximately $33,174,000. Institutional investors and hedge funds own 94.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on COHU. TD Cowen boosted their price target on Cohu from $35.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Zacks Research raised Cohu from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Stifel Nicolaus upped their target price on Cohu from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, March 18th. Weiss Ratings reissued a “sell (d-)” rating on shares of Cohu in a report on Monday, April 20th. Finally, Needham & Company LLC raised their price target on Cohu from $33.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Six research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $49.00.

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.