Cohu (NASDAQ:COHU) Director James Donahue Sells 10,257 Shares

Cohu, Inc. (NASDAQ:COHU) Director James Donahue sold 10,257 shares of the firm’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $46.77, for a total transaction of $479,719.89. Following the sale, the director directly owned 3,578 shares of the company’s stock, valued at approximately $167,343.06. The trade was a 74.14% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink.

Cohu Price Performance

COHU opened at $49.93 on Wednesday. The company has a fifty day simple moving average of $39.92 and a 200 day simple moving average of $31.34. The firm has a market cap of $2.36 billion, a price-to-earnings ratio of -41.96 and a beta of 1.61. Cohu, Inc. has a twelve month low of $16.95 and a twelve month high of $52.43. The company has a current ratio of 6.43, a quick ratio of 5.31 and a debt-to-equity ratio of 0.37.

Cohu (NASDAQ:COHU) last released its quarterly 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 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%. Cohu’s revenue for the quarter was up 29.3% on a year-over-year basis. During the same period in the previous year, the business posted ($0.02) earnings per share. Equities research analysts expect that Cohu, Inc. will post 0.17 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in the stock. Segall Bryant & Hamill LLC boosted its stake in Cohu by 125.5% during the 1st quarter. Segall Bryant & Hamill LLC now owns 955,344 shares of the semiconductor company’s stock valued at $29,253,000 after acquiring an additional 531,661 shares during the last quarter. Bank of America Corp DE boosted its stake in Cohu by 2.2% during the 1st quarter. Bank of America Corp DE now owns 517,195 shares of the semiconductor company’s stock valued at $15,837,000 after acquiring an additional 11,123 shares during the last quarter. Amundi boosted its stake in Cohu by 89.0% during the 1st quarter. Amundi now owns 36,844 shares of the semiconductor company’s stock valued at $1,128,000 after acquiring an additional 17,345 shares during the last quarter. California State Teachers Retirement System boosted its stake in Cohu by 35.8% during the 1st quarter. California State Teachers Retirement System now owns 58,792 shares of the semiconductor company’s stock valued at $1,800,000 after acquiring an additional 15,503 shares during the last quarter. Finally, The Manufacturers Life Insurance Company boosted its stake in Cohu by 44.2% during the 1st quarter. The Manufacturers Life Insurance Company now owns 19,734 shares of the semiconductor company’s stock valued at $604,000 after acquiring an additional 6,045 shares during the last quarter. 94.67% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on COHU. Evercore reaffirmed an “outperform” rating and set a $53.00 price target on shares of Cohu in a report on Tuesday, April 28th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cohu in a report on Monday, April 20th. TD Cowen raised their price target on shares of Cohu from $35.00 to $60.00 and gave the company a “buy” rating in a report on Friday, May 1st. Jefferies Financial Group set a $60.00 price target on shares of Cohu and gave the company a “buy” rating in a report on Friday, May 1st. Finally, Needham & Company LLC increased their price objective on shares of Cohu from $33.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Six investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $49.00.

Cohu Company Profile

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.