Cohu (NASDAQ:COHU) Director Nina Richardson Sells 3,055 Shares of Stock

Cohu, Inc. (NASDAQ:COHU) Director Nina Richardson sold 3,055 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $51.54, for a total transaction of $157,454.70. Following the sale, the director directly owned 39,093 shares in the company, valued at approximately $2,014,853.22. The trade was a 7.25% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Cohu Stock Performance

Shares of COHU stock opened at $51.79 on Friday. The company has a 50 day moving average price of $56.70 and a 200-day moving average price of $43.18. Cohu, Inc. has a 52 week low of $18.67 and a 52 week high of $74.60. The firm has a market capitalization of $2.45 billion, a PE ratio of -62.40 and a beta of 1.59. The company has a quick ratio of 4.72, a current ratio of 5.74 and a debt-to-equity ratio of 0.37.

Cohu (NASDAQ:COHU) last issued its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $0.26 earnings per share for the quarter, beating 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 for the quarter, compared to the consensus estimate of $144.20 million. During the same quarter in the prior year, the firm earned $0.02 earnings per share. The firm’s revenue for the quarter was up 38.3% compared to the same quarter last year. As a group, equities research analysts expect that Cohu, Inc. will post 0.21 earnings per share for the current year.

Institutional Trading of Cohu

Institutional investors have recently made changes to their positions in the business. Stanley Laman Group Ltd. increased its stake in Cohu by 27.8% in the fourth quarter. Stanley Laman Group Ltd. now owns 195,536 shares of the semiconductor company’s stock worth $4,550,000 after purchasing an additional 42,593 shares during the period. Assenagon Asset Management S.A. purchased a new stake in shares of Cohu in the 1st quarter worth approximately $705,000. Vanguard Group Inc. lifted its holdings 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 buying an additional 57,618 shares during the period. Mizuho Markets Americas LLC boosted 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 valued at $7,047,000 after purchasing an additional 235,438 shares in the last quarter. Finally, Louisiana State Employees Retirement System bought a new stake in shares of Cohu in the 1st quarter valued at about $634,000. Hedge funds and other institutional investors own 94.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on COHU shares. Robert W. Baird began coverage on Cohu in a research note on Wednesday, July 8th. They issued an “outperform” rating and a $65.00 price target on the stock. Craig Hallum reissued a “buy” rating and issued a $74.00 target price on shares of Cohu in a report on Friday, July 31st. Jefferies Financial Group restated a “buy” rating and set a $74.00 price target on shares of Cohu in a research note on Friday, July 31st. Weiss Ratings restated a “sell (d-)” rating on shares of Cohu in a research report on Friday, July 17th. Finally, Zacks Research raised shares of Cohu from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Cohu currently has an average rating of “Buy” and a consensus 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.