Insider Selling: Cohu VP Sells 10,000 Shares of Stock (COHU)
Cohu (NASDAQ:COHU) VP John H. Allen unloaded 10,000 shares of the stock on the open market in a transaction that occurred on Friday, August 29th. The stock was sold at an average price of $12.20, for a total value of $122,000.00. Following the transaction, the vice president now directly owns 94,896 shares of the company’s stock, valued at approximately $1,157,731. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Shares of Cohu (NASDAQ:COHU) traded up 2.44% during mid-day trading on Tuesday, hitting $12.60. 86,275 shares of the company’s stock traded hands. Cohu has a one year low of $9.01 and a one year high of $13.08. The stock’s 50-day moving average is $11.7 and its 200-day moving average is $10.81. The company’s market cap is $320.0 million.
Cohu (NASDAQ:COHU) last announced its 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. Analysts expect that Cohu will post $0.70 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, October 24th. Shareholders of record on Friday, August 29th will be paid a dividend of $0.06 per share. This represents a $0.24 annualized dividend and a dividend yield of 1.90%. The ex-dividend date 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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