Insider Selling: Cohu (NASDAQ:COHU) Director Sells $368,550.00 in Stock

Cohu, Inc. (NASDAQ:COHU) Director William Bendush sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The shares were sold at an average price of $49.14, for a total value of $368,550.00. Following the completion of the transaction, the director directly owned 24,780 shares of the company’s stock, valued at $1,217,689.20. The trade was a 23.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Cohu Stock Performance

Shares of COHU stock opened at $47.14 on Friday. The stock has a fifty day moving average price of $37.44 and a 200 day moving average price of $30.20. 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 stock has a market cap of $2.22 billion, a PE ratio of -39.61 and a beta of 1.61. Cohu, Inc. has a 1 year low of $16.46 and a 1 year high of $52.43.

Cohu (NASDAQ:COHU) last announced 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 during the quarter, compared to analysts’ expectations of $122.14 million. Cohu had a negative net margin of 11.54% and a negative return on equity of 3.50%. The company’s quarterly revenue was up 29.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.02) EPS. Sell-side analysts forecast that Cohu, Inc. will post 0.17 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Tudor Investment Corp ET AL bought a new position in Cohu in the third quarter worth about $243,960,000. Vanguard Group Inc. raised its stake in Cohu by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 4,361,164 shares of the semiconductor company’s stock valued at $101,484,000 after acquiring an additional 57,618 shares in the last quarter. Royce & Associates LP raised its position in shares of Cohu by 0.4% during the 4th quarter. Royce & Associates LP now owns 1,918,424 shares of the semiconductor company’s stock worth $44,642,000 after buying an additional 7,927 shares in the last quarter. State Street Corp raised its position in shares of Cohu by 0.3% during the 4th quarter. State Street Corp now owns 1,819,530 shares of the semiconductor company’s stock worth $42,340,000 after buying an additional 5,439 shares in the last quarter. Finally, SG Capital Management LLC bought a new stake in shares of Cohu in the 4th quarter worth $33,174,000. 94.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

COHU has been the subject of a number of analyst reports. Needham & Company LLC boosted their price objective on shares of Cohu from $33.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, May 1st. TD Cowen raised their price objective on Cohu from $35.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, May 1st. B. Riley Financial reiterated a “buy” rating on shares of Cohu in a research note on Monday, April 20th. Zacks Research upgraded Cohu from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Finally, Jefferies Financial Group set a $60.00 price objective on shares of Cohu and gave the company a “buy” rating in a research report on Friday, May 1st. Six 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 stock. Based on data from MarketBeat, Cohu currently has an average rating of “Moderate Buy” and a consensus price target of $49.00.

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.