Cohu (NASDAQ:COHU) CFO Jeffrey Jones Sells 13,000 Shares

Cohu, Inc. (NASDAQ:COHU) CFO Jeffrey Jones sold 13,000 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $46.84, for a total transaction of $608,920.00. Following the sale, the chief financial officer owned 343,792 shares in the company, valued at approximately $16,103,217.28. This represents a 3.64% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Cohu Stock Up 7.3%

COHU stock opened at $49.93 on Wednesday. The firm has a market cap of $2.36 billion, a PE ratio of -41.96 and a beta of 1.61. 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 firm’s fifty day moving average is $39.92 and its 200 day moving average is $31.34. Cohu, Inc. has a one year low of $16.95 and a one year high of $52.43.

Cohu (NASDAQ:COHU) last released its quarterly earnings results 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 firm had revenue of $125.12 million for the quarter, compared to analyst estimates 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 quarterly revenue was up 29.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.02) EPS. On average, research analysts forecast that Cohu, Inc. will post 0.17 EPS for the current year.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on COHU shares. Jefferies Financial Group set a $60.00 price objective on shares of Cohu and gave the company a “buy” rating in a report on Friday, May 1st. Evercore reaffirmed an “outperform” rating and set a $53.00 price objective on shares of Cohu in a report on Tuesday, April 28th. Stifel Nicolaus increased their price objective on shares of Cohu from $32.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, March 18th. B. Riley Financial reaffirmed a “buy” rating on shares of Cohu in a report on Monday, April 20th. Finally, TD Cowen increased their price objective on shares of Cohu from $35.00 to $60.00 and gave the company a “buy” rating in a report on Friday, May 1st. Six equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $49.00.

Hedge Funds Weigh In On Cohu

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Hollencrest Capital Management purchased a new position in shares of Cohu in the first quarter worth about $31,000. Kestra Advisory Services LLC purchased a new position in shares of Cohu in the fourth quarter worth about $34,000. Farther Finance Advisors LLC lifted its stake in shares of Cohu by 45.0% in the fourth quarter. Farther Finance Advisors LLC now owns 1,456 shares of the semiconductor company’s stock worth $34,000 after buying an additional 452 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of Cohu in the fourth quarter worth about $37,000. Finally, Bessemer Group Inc. lifted its stake in shares of Cohu by 45.4% in the third quarter. Bessemer Group Inc. now owns 1,564 shares of the semiconductor company’s stock worth $31,000 after buying an additional 488 shares in the last quarter. 94.67% of the stock is owned by hedge funds and other institutional investors.

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.