Cohu (NASDAQ:COHU) CEO Sells $1,770,340.00 in Stock

Cohu, Inc. (NASDAQ:COHU) CEO Luis Muller sold 27,236 shares of the firm’s stock in a transaction that occurred on Friday, September 25th. The shares were sold at an average price of $65.00, for a total transaction of $1,770,340.00. Following the completion of the sale, the chief executive officer owned 844,589 shares in the company, valued at $54,898,285. This represents a 3.12% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Cohu Stock Performance

NASDAQ COHU opened at $67.00 on Monday. The firm’s fifty day moving average price is $53.07 and its two-hundred day moving average price is $49.35. The stock has a market cap of $3.17 billion, a PE ratio of -80.72 and a beta of 1.58. The company has a debt-to-equity ratio of 0.37, a quick ratio of 4.72 and a current ratio of 5.74. Cohu, Inc. has a fifty-two week low of $18.67 and a fifty-two week high of $74.60.

Cohu (NASDAQ:COHU) last announced its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.12. Cohu had a negative return on equity of 1.96% and a negative net margin of 7.43%.The company had revenue of $149.00 million during the quarter, compared to analysts’ expectations of $144.20 million. During the same period in the prior year, the company earned $0.02 EPS. Cohu’s revenue was up 38.3% compared to the same quarter last year. On average, equities analysts expect that Cohu, Inc. will post 0.47 EPS for the current fiscal year.

Hedge Funds Weigh In On Cohu

Several hedge funds and other institutional investors have recently bought and sold shares of COHU. Nykredit A S bought a new position in shares of Cohu in the 2nd quarter worth about $36,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in shares of Cohu in the 2nd quarter valued at about $48,000. Allworth Financial LP bought a new stake in shares of Cohu during the 2nd quarter valued at about $65,000. Hollencrest Capital Management bought a new stake in shares of Cohu during the 1st quarter valued at about $31,000. Finally, Public Employees Retirement System of Ohio acquired a new stake in Cohu during the second quarter worth approximately $79,000. Institutional investors and hedge funds own 94.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on COHU. Jefferies Financial Group reaffirmed a “buy” rating and issued a $74.00 price objective on shares of Cohu in a research note on Friday, July 31st. Craig Hallum reissued a “buy” rating and set a $74.00 target price on shares of Cohu in a report on Friday, July 31st. TD Cowen upped their price target on shares of Cohu from $60.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, June 16th. Zacks Research downgraded shares of Cohu from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 28th. Finally, B. Riley Financial lifted their price target on shares of Cohu from $65.00 to $69.00 and gave the stock a “buy” rating in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, Cohu currently has a consensus rating of “Moderate Buy” and an average price target of $68.75.

Cohu Company Profile

Cohu, Inc is a semiconductor test and inspection equipment company that develops products used throughout the semiconductor manufacturing process. Its portfolio includes semiconductor test handlers, test contactors, inspection and metrology systems, thermal-management solutions, and software for managing and analyzing test data.

The company’s equipment helps semiconductor manufacturers and outsourced semiconductor assembly and test providers handle, connect, test, inspect, and characterize packaged semiconductor devices.