Insider Selling: Cohu (NASDAQ:COHU) Director Sells $479,719.89 in Stock

Cohu, Inc. (NASDAQ:COHU) Director James Donahue sold 10,257 shares of the stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $46.77, for a total value of $479,719.89. Following the completion of the transaction, the director directly owned 3,578 shares in the company, valued at approximately $167,343.06. This represents a 74.14% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

Cohu Stock Down 1.6%

COHU stock opened at $54.05 on Friday. Cohu, Inc. has a fifty-two week low of $16.95 and a fifty-two week high of $55.20. The business’s 50-day moving average is $40.95 and its two-hundred day moving average is $31.77. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.31 and a current ratio of 6.43. The company has a market cap of $2.55 billion, a price-to-earnings ratio of -45.42 and a beta of 1.61.

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

Hedge Funds Weigh In On Cohu

Several large investors have recently made changes to their positions in the business. Tudor Investment Corp ET AL purchased a new position in shares of Cohu in the third quarter valued at about $243,960,000. Vanguard Group Inc. grew its position in shares of 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 in the last quarter. Royce & Associates LP grew its position in shares of Cohu by 0.4% during the fourth quarter. Royce & Associates LP now owns 1,918,424 shares of the semiconductor company’s stock worth $44,642,000 after purchasing an additional 7,927 shares in the last quarter. State Street Corp grew its position in shares of Cohu by 0.3% during the fourth quarter. State Street Corp now owns 1,819,530 shares of the semiconductor company’s stock worth $42,340,000 after purchasing an additional 5,439 shares in the last quarter. Finally, SG Capital Management LLC purchased a new stake in shares of Cohu during the fourth quarter worth about $33,174,000. 94.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on COHU shares. Stifel Nicolaus upped their price objective on Cohu from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, March 18th. B. Riley Financial restated a “buy” rating on shares of Cohu in a research note on Monday, April 20th. TD Cowen upped their price objective on Cohu from $35.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Zacks Research upgraded Cohu from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Cohu in a research note on Monday, April 20th. Six research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Cohu has a consensus rating of “Moderate Buy” and a consensus target price 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.