Insider Selling: Hock Woo Chiang Unloads 2,000 Shares of Cohu Stock (COHU)
Cohu (NASDAQ:COHU) VP Hock Woo Chiang sold 2,000 shares of the stock on the open market in a transaction dated Wednesday, August 13th. The stock was sold at an average price of $12.21, for a total value of $24,420.00. Following the transaction, the vice president now directly owns 39,347 shares in the company, valued at approximately $480,427. The sale was disclosed in a document filed with the SEC, which can be accessed through this link.
Cohu (NASDAQ:COHU) opened at 12.40 on Friday. Cohu has a 52 week low of $9.01 and a 52 week high of $13.08. The stock has a 50-day moving average of $11.12 and a 200-day moving average of $10.60. The company’s market cap is $314.9 million.
Cohu (NASDAQ:COHU) last posted its quarterly earnings results on Wednesday, July 30th. The company reported $0.19 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.14 by $0.05. The company had revenue of $77.90 million for the quarter, compared to the consensus estimate of $73.60 million. On average, analysts predict that Cohu will post $0.70 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Friday, October 24th. Shareholders of record on Friday, August 29th will be given a dividend of $0.06 per share. This represents a $0.24 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend is Wednesday, August 27th.
Cohu, Inc is a supplier of test handling, burn-in and thermal solutions used by the global semiconductor industry, microwave communications and closed-circuit television equipment.
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