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

Cohu, Inc. (NASDAQ:COHU) Director James Donahue sold 10,257 shares of Cohu stock in a transaction that occurred 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 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 sale was disclosed in a document filed with the SEC, which is accessible through this link.

Cohu Stock Performance

Shares of NASDAQ COHU opened at $54.94 on Thursday. 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, Inc. has a 12 month low of $16.95 and a 12 month high of $55.06. The company has a 50 day simple moving average of $40.45 and a two-hundred day simple moving average of $31.56. The stock has a market cap of $2.59 billion, a price-to-earnings ratio of -46.17 and a beta of 1.61.

Cohu (NASDAQ:COHU) last announced its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $0.01 EPS for the quarter, missing the consensus estimate 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 business had revenue of $125.12 million for the quarter, compared to analyst estimates of $122.14 million. During the same quarter in the previous year, the firm posted ($0.02) earnings per share. The business’s revenue was up 29.3% on a year-over-year basis. As a group, analysts predict that Cohu, Inc. will post 0.17 earnings per share for the current year.

Analyst Upgrades and Downgrades

COHU has been the subject of several analyst reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cohu in a research note on Monday, April 20th. Stifel Nicolaus boosted their target price on shares of Cohu from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, March 18th. TD Cowen boosted their target price on shares of Cohu from $35.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Evercore reiterated an “outperform” rating and issued a $53.00 target price on shares of Cohu in a research note on Tuesday, April 28th. Finally, Needham & Company LLC boosted their target price 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 research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $49.00.

Hedge Funds Weigh In On Cohu

Large investors have recently added to or reduced their stakes in the stock. Essex Investment Management Co. LLC raised its position in Cohu by 31.4% during the third quarter. Essex Investment Management Co. LLC now owns 192,846 shares of the semiconductor company’s stock worth $3,921,000 after acquiring an additional 46,113 shares during the period. Stanley Laman Group Ltd. raised its position in Cohu by 27.8% during the fourth quarter. Stanley Laman Group Ltd. now owns 195,536 shares of the semiconductor company’s stock worth $4,550,000 after acquiring an additional 42,593 shares during the period. Dean Capital Management raised its position in Cohu by 41.5% during the third quarter. Dean Capital Management now owns 127,324 shares of the semiconductor company’s stock worth $2,588,000 after acquiring an additional 37,345 shares during the period. First Eagle Investment Management LLC raised its position in Cohu by 20.9% during the third quarter. First Eagle Investment Management LLC now owns 248,146 shares of the semiconductor company’s stock worth $5,045,000 after acquiring an additional 42,819 shares during the period. Finally, First National Bank of Omaha acquired a new position in Cohu during the third quarter worth $484,000. 94.67% of the stock is currently owned by institutional investors and hedge funds.

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.