Cohu (NASDAQ:COHU) Director Sells $789,138.48 in Stock

Cohu, Inc. (NASDAQ:COHU) Director Andrew Caggia sold 15,252 shares of the business’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $51.74, for a total transaction of $789,138.48. Following the sale, the director directly owned 64,778 shares of the company’s stock, valued at $3,351,613.72. This represents a 19.06% decrease in their position. The transaction was disclosed in a 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 Trading Up 2.1%

Shares of Cohu stock opened at $52.88 on Friday. The company has a current ratio of 5.74, a quick ratio of 4.72 and a debt-to-equity ratio of 0.37. Cohu, Inc. has a twelve month low of $18.67 and a twelve month high of $74.60. The firm has a market capitalization of $2.50 billion, a PE ratio of -63.71 and a beta of 1.59. The firm’s 50-day moving average price is $56.70 and its 200 day moving average price is $43.25.

Cohu (NASDAQ:COHU) last posted its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $0.26 EPS for the quarter, topping the consensus estimate of $0.14 by $0.12. The company had revenue of $149.00 million during 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%.Cohu’s quarterly revenue was up 38.3% on a year-over-year basis. During the same period in the previous year, the business earned $0.02 EPS. On average, sell-side analysts predict that Cohu, Inc. will post 0.47 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

COHU has been the topic of a number of research reports. TD Cowen raised their price objective on Cohu from $60.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, June 16th. Stifel Nicolaus increased their target price on shares of Cohu from $50.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Evercore reissued an “outperform” rating and issued a $53.00 price target on shares of Cohu in a research note on Tuesday, April 28th. Jefferies Financial Group restated a “buy” rating and set a $74.00 price target on shares of Cohu in a research report on Friday, July 31st. Finally, Zacks Research upgraded shares of Cohu from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $68.75.

Institutional Investors Weigh In On Cohu

A number of hedge funds have recently modified their holdings of COHU. Hollencrest Capital Management acquired a new position in Cohu in the 1st quarter valued at about $31,000. Farther Finance Advisors LLC raised its position in shares of Cohu by 45.0% during the 4th quarter. Farther Finance Advisors LLC now owns 1,456 shares of the semiconductor company’s stock valued at $34,000 after buying an additional 452 shares during the period. Kestra Advisory Services LLC acquired a new position in Cohu in the fourth quarter valued at approximately $34,000. Los Angeles Capital Management LLC acquired a new position in Cohu in the fourth quarter valued at approximately $37,000. Finally, Smartleaf Asset Management LLC grew its position in Cohu by 202.7% in the second quarter. Smartleaf Asset Management LLC now owns 2,113 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 1,415 shares during the period. Hedge funds and other institutional investors own 94.67% of the company’s stock.

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.