James Donahue Sells 10,257 Shares of Cohu (NASDAQ:COHU) Stock

Cohu, Inc. (NASDAQ:COHU) Director James Donahue sold 10,257 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $46.77, for a total value of $479,719.89. Following the sale, the director directly owned 3,578 shares in the company, valued at $167,343.06. The trade was a 74.14% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

Cohu Trading Up 7.3%

Cohu stock traded up $3.40 during mid-day trading on Tuesday, hitting $49.93. 2,631,570 shares of the company’s stock were exchanged, compared to its average volume of 1,335,655. The firm has a market capitalization of $2.36 billion, a P/E ratio of -41.96 and a beta of 1.61. Cohu, Inc. has a fifty-two week low of $16.95 and a fifty-two week high of $52.43. The company has a quick ratio of 5.31, a current ratio of 6.43 and a debt-to-equity ratio of 0.37. The company’s 50 day simple moving average is $39.92 and its 200-day simple moving average is $31.34.

Cohu (NASDAQ:COHU) last issued its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.02). The business had revenue of $125.12 million for the quarter, compared to analyst estimates of $122.14 million. Cohu had a negative return on equity of 3.50% and a negative net margin of 11.54%.The business’s quarterly revenue was up 29.3% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.02) EPS. On average, equities analysts anticipate that Cohu, Inc. will post 0.17 earnings per share for the current year.

Institutional Trading of Cohu

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Personalized Indexing Management LLC raised its stake in shares of Cohu by 2.1% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 16,231 shares of the semiconductor company’s stock valued at $378,000 after purchasing an additional 332 shares during the period. Sheets Smith Wealth Management raised its stake in shares of Cohu by 3.0% in the 1st quarter. Sheets Smith Wealth Management now owns 14,644 shares of the semiconductor company’s stock valued at $448,000 after purchasing an additional 420 shares during the period. US Bancorp DE raised its stake in shares of Cohu by 4.6% in the 3rd quarter. US Bancorp DE now owns 9,847 shares of the semiconductor company’s stock valued at $200,000 after purchasing an additional 432 shares during the period. Farther Finance Advisors LLC raised its stake in shares of Cohu by 45.0% in the 4th quarter. Farther Finance Advisors LLC now owns 1,456 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 452 shares during the period. Finally, Amalgamated Bank raised its stake in shares of Cohu by 3.4% in the 3rd quarter. Amalgamated Bank now owns 13,712 shares of the semiconductor company’s stock valued at $279,000 after purchasing an additional 457 shares during the period. Institutional investors and hedge funds own 94.67% of the company’s stock.

Analyst Upgrades and Downgrades

COHU has been the topic of several research analyst reports. Needham & Company LLC raised their price objective on Cohu from $33.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Evercore reaffirmed an “outperform” rating and set a $53.00 price objective on shares of Cohu in a research note on Tuesday, April 28th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cohu in a research note on Monday, April 20th. B. Riley Financial reaffirmed a “buy” rating on shares of Cohu in a research note on Monday, April 20th. Finally, Jefferies Financial Group set a $60.00 price target on Cohu and gave the company a “buy” rating in a research note on Friday, May 1st. Six equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus 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.