Cohu (NASDAQ:COHU) Director Sells 15,252 Shares of Stock

Cohu, Inc. (NASDAQ:COHU) Director Andrew Caggia sold 15,252 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $51.74, for a total value of $789,138.48. Following the completion of the sale, the director directly owned 64,778 shares of the company’s stock, valued at approximately $3,351,613.72. This represents a 19.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Cohu Stock Up 0.1%

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

Cohu (NASDAQ:COHU) last released its earnings results on Thursday, July 30th. The semiconductor company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates 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. Cohu’s revenue for the quarter was up 38.3% on a year-over-year basis. Equities research analysts anticipate that Cohu, Inc. will post 0.21 EPS for the current year.

Institutional Investors Weigh In On Cohu

A number of institutional investors have recently modified their holdings of the business. Stanley Laman Group Ltd. grew its holdings in Cohu by 27.8% in the 4th quarter. Stanley Laman Group Ltd. now owns 195,536 shares of the semiconductor company’s stock valued at $4,550,000 after buying an additional 42,593 shares in the last quarter. Assenagon Asset Management S.A. purchased a new stake in shares of Cohu in the first quarter valued at about $705,000. Vanguard Group Inc. increased its position in Cohu by 1.3% during the fourth 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. Mizuho Markets Americas LLC increased its position in Cohu by 349.3% during the fourth quarter. Mizuho Markets Americas LLC now owns 302,838 shares of the semiconductor company’s stock worth $7,047,000 after purchasing an additional 235,438 shares during the last quarter. Finally, Louisiana State Employees Retirement System purchased a new position in Cohu during the first quarter worth about $634,000. 94.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on COHU. TD Cowen lifted their target price on Cohu from $60.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, June 16th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cohu in a research note on Friday, July 17th. B. Riley Financial boosted their target price on shares of Cohu from $65.00 to $69.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Stifel Nicolaus raised their target price on Cohu from $50.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Finally, Needham & Company LLC lifted 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. Two equities research 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Buy” and an average price target of $68.75.

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.