Insider Selling: Cohu, Inc. (NASDAQ:COHU) Director Sells 20,000 Shares of Stock


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Cohu, Inc. (NASDAQ:COHU) Director James A. Donahue sold 20,000 shares of the firm’s stock in a transaction dated Friday, February 19th. The stock was sold at an average price of $48.00, for a total value of $960,000.00. Following the completion of the transaction, the director now owns 387,056 shares of the company’s stock, valued at approximately $18,578,688. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Shares of NASDAQ COHU traded down $0.68 during mid-day trading on Tuesday, hitting $44.46. 23,323 shares of the stock traded hands, compared to its average volume of 549,885. The company has a debt-to-equity ratio of 0.70, a quick ratio of 2.09 and a current ratio of 3.03. Cohu, Inc. has a 52 week low of $8.89 and a 52 week high of $51.86. The company has a market cap of $1.87 billion, a price-to-earnings ratio of -40.27 and a beta of 1.79. The stock has a fifty day moving average price of $45.48 and a 200-day moving average price of $29.33.

Cohu (NASDAQ:COHU) last released its quarterly earnings results on Wednesday, February 10th. The semiconductor company reported $0.73 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.12. Cohu had a positive return on equity of 1.57% and a negative net margin of 7.98%. As a group, sell-side analysts predict that Cohu, Inc. will post 0.82 EPS for the current fiscal year.

Several analysts have weighed in on COHU shares. Needham & Company LLC raised their price target on Cohu from $50.00 to $55.00 and gave the company a “buy” rating in a report on Friday, February 12th. B. Riley lifted their price target on Cohu from $60.00 to $72.00 and gave the stock a “buy” rating in a research note on Friday, February 12th. DA Davidson lifted their price target on Cohu from $33.00 to $40.00 in a research note on Thursday, December 3rd. Craig Hallum lifted their price target on Cohu from $45.00 to $73.00 in a research note on Friday, February 12th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on Cohu from $38.00 to $43.00 in a research report on Thursday, December 17th. Eight research analysts have rated the stock with a buy rating, The stock currently has an average rating of “Buy” and an average price target of $44.00.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Penbrook Management LLC bought a new stake in shares of Cohu during the fourth quarter valued at approximately $27,000. Lazard Asset Management LLC bought a new stake in shares of Cohu during the fourth quarter valued at approximately $38,000. Nisa Investment Advisors LLC bought a new stake in shares of Cohu during the third quarter valued at approximately $36,000. Veriti Management LLC bought a new stake in shares of Cohu during the fourth quarter valued at approximately $82,000. Finally, Truist Financial Corp purchased a new position in Cohu during the fourth quarter valued at $202,000. Institutional investors own 84.32% of the company’s stock.

About Cohu

Cohu, Inc, through its subsidiaries, provides semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors, thermal sub-systems, semiconductor automated test equipment (ATE), and bare board printed circuit board (PCB) test systems for semiconductor and electronics manufacturers, and test subcontractors in Germany, the United States, Japan, Malaysia, the Philippines, and internationally.

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Insider Buying and Selling by Quarter for Cohu (NASDAQ:COHU)

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