Key Points
- Cohu director William Bendush sold 7,500 shares on May 13 at an average price of $49.14, totaling $368,550. The sale was made under a pre-arranged Rule 10b5-1 trading plan.
- After the transaction, Bendush’s stake fell by 23.23% to 24,780 shares, worth about $1.22 million based on the reported price.
- Cohu’s stock was trading near $48.96, close to its 52-week high of $52.43, while the company most recently reported Q1 EPS of $0.01, missing estimates even as revenue rose 29.3% year over year.
Cohu, Inc. (NASDAQ:COHU - Get Free Report) Director William Bendush sold 7,500 shares of the 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 transaction, the director owned 24,780 shares in the company, valued at approximately $1,217,689.20. This trade represents a 23.23% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Cohu Trading Down 0.4%
NASDAQ:COHU opened at $48.96 on Friday. The company's 50 day moving average is $37.09 and its 200-day moving average is $30.08. The company has a quick ratio of 5.31, a current ratio of 6.43 and a debt-to-equity ratio of 0.37. Cohu, Inc. has a 12 month low of $16.46 and a 12 month high of $52.43. The firm has a market cap of $2.31 billion, a price-to-earnings ratio of -41.14 and a beta of 1.61.
Cohu (NASDAQ:COHU - Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.02). The firm had revenue of $125.12 million for the quarter, compared to the consensus estimate of $122.14 million. Cohu had a negative return on equity of 3.50% and a negative net margin of 11.54%.Cohu's quarterly revenue was up 29.3% on a year-over-year basis. During the same period in the prior year, the company posted ($0.02) earnings per share. Equities analysts anticipate that Cohu, Inc. will post 0.17 EPS for the current year.
Hedge Funds Weigh In On Cohu
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Essex Investment Management Co. LLC increased its position in shares of Cohu by 31.4% during the third quarter. Essex Investment Management Co. LLC now owns 192,846 shares of the semiconductor company's stock valued at $3,921,000 after purchasing an additional 46,113 shares during the period. Stanley Laman Group Ltd. lifted its position in Cohu by 27.8% in the fourth quarter. Stanley Laman Group Ltd. now owns 195,536 shares of the semiconductor company's stock worth $4,550,000 after purchasing an additional 42,593 shares during the period. Dean Capital Management lifted its position in Cohu by 41.5% in the third quarter. Dean Capital Management now owns 127,324 shares of the semiconductor company's stock worth $2,588,000 after purchasing an additional 37,345 shares during the period. First Eagle Investment Management LLC boosted its stake 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 buying an additional 42,819 shares in the last quarter. Finally, First National Bank of Omaha acquired a new position in shares of Cohu in the 3rd quarter valued at $484,000. 94.67% of the stock is currently owned by institutional investors.
Analyst Upgrades and Downgrades
A number of equities analysts have recently commented on COHU shares. Stifel Nicolaus lifted their price objective on Cohu from $32.00 to $34.00 and gave the stock a "buy" rating in a research note on Wednesday, March 18th. TD Cowen increased their target price on Cohu from $35.00 to $60.00 and gave the company a "buy" rating in a research note on Friday, May 1st. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Cohu in a report on Monday, April 20th. Zacks Research raised Cohu from a "strong sell" rating to a "hold" rating in a research report on Monday, April 20th. Finally, Evercore reiterated an "outperform" rating and set a $53.00 price target on shares of Cohu in a report on Tuesday, April 28th. Six analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $49.00.
View Our Latest Stock Report on Cohu
Cohu Company Profile
(
Get Free Report)
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.
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