Cohu (NASDAQ:COHU) Director Steven Bilodeau Sells 10,257 Shares of Stock

Cohu, Inc. (NASDAQ:COHU) Director Steven Bilodeau sold 10,257 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $44.85, for a total value of $460,026.45. Following the completion of the transaction, the director owned 52,272 shares in the company, valued at $2,344,399.20. This represents a 16.40% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website.

Cohu Stock Up 1.9%

COHU stock opened at $46.53 on Friday. Cohu, Inc. has a twelve month low of $16.46 and a twelve month high of $52.43. The company has a quick ratio of 5.31, a current ratio of 6.43 and a debt-to-equity ratio of 0.37. The stock’s 50 day moving average is $39.09 and its 200-day moving average is $30.94. The firm has a market capitalization of $2.19 billion, a PE ratio of -39.10 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). Cohu had a negative net margin of 11.54% and a negative return on equity of 3.50%. The company had revenue of $125.12 million during the quarter, compared to the consensus estimate of $122.14 million. During the same quarter in the prior year, the business earned ($0.02) EPS. The firm’s revenue for the quarter was up 29.3% compared to the same quarter last year. Sell-side analysts expect that Cohu, Inc. will post 0.17 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on COHU shares. Jefferies Financial Group set a $60.00 target price on Cohu and gave the company a “buy” rating in a report on Friday, May 1st. TD Cowen raised their target price on Cohu from $35.00 to $60.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Zacks Research raised Cohu from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Stifel Nicolaus raised their target price on Cohu from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, March 18th. Finally, Evercore reaffirmed an “outperform” rating and set a $53.00 target price on shares of Cohu in a research report on Tuesday, April 28th. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $49.00.

Institutional Trading of Cohu

Several hedge funds have recently made changes to their positions in the company. Tudor Investment Corp ET AL bought a new stake in shares of Cohu in the third quarter valued at $243,960,000. Vanguard Group Inc. raised its stake in shares of Cohu by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 4,361,164 shares of the semiconductor company’s stock valued at $101,484,000 after buying an additional 57,618 shares during the period. Royce & Associates LP raised its stake in shares of Cohu by 0.4% in the fourth quarter. Royce & Associates LP now owns 1,918,424 shares of the semiconductor company’s stock valued at $44,642,000 after buying an additional 7,927 shares during the period. State Street Corp raised its stake in shares of Cohu by 0.3% in the fourth quarter. State Street Corp now owns 1,819,530 shares of the semiconductor company’s stock valued at $42,340,000 after buying an additional 5,439 shares during the period. Finally, SG Capital Management LLC bought a new stake in shares of Cohu in the fourth quarter valued at $33,174,000. 94.67% of the stock is currently owned by 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.