Key Points
- Cohu Director Steven Bilodeau sold 10,257 shares on May 20 at an average price of $44.85, totaling about $460,026. The sale reduced his ownership by 16.4% to 52,272 shares.
- The stock has been trading near its 52-week high, opening Friday at $46.53 versus a 52-week range of $16.46 to $52.43. Cohu also sits above its 50-day and 200-day moving averages.
- Wall Street remains mostly positive on Cohu after its latest earnings report, which beat revenue estimates but missed EPS expectations. Analysts currently have a consensus rating of “Moderate Buy” with an average price target of $49.00.
Cohu, Inc. (NASDAQ:COHU - Get Free Report) Director Steven Bilodeau sold 10,257 shares of the business's stock in a transaction 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 sale, the director owned 52,272 shares in the company, valued at approximately $2,344,399.20. The trade was a 16.40% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.
Cohu Stock Performance
Shares of COHU opened at $46.53 on Friday. The stock's 50-day simple moving average is $39.09 and its 200 day simple moving average is $30.94. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of -39.10 and a beta of 1.61. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.31 and a current ratio of 6.43. Cohu, Inc. has a 52-week low of $16.46 and a 52-week high of $52.43.
Cohu (NASDAQ:COHU - Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $0.01 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.03 by ($0.02). The company had revenue of $125.12 million for the quarter, compared to analysts' expectations of $122.14 million. Cohu had a negative return on equity of 3.50% and a negative net margin of 11.54%.The business's revenue for the quarter was up 29.3% on a year-over-year basis. During the same period last year, the company posted ($0.02) EPS. Research analysts forecast that Cohu, Inc. will post 0.17 EPS for the current fiscal year.
Hedge Funds Weigh In On Cohu
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Essex Investment Management Co. LLC grew 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 buying an additional 46,113 shares in the last quarter. Stanley Laman Group Ltd. grew 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 buying an additional 42,593 shares in the last quarter. Dean Capital Management grew 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 buying an additional 37,345 shares in the last quarter. First Eagle Investment Management LLC grew 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 buying an additional 42,819 shares in the last quarter. Finally, First National Bank of Omaha purchased a new position in Cohu during the third quarter worth about $484,000. 94.67% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
COHU has been the topic of a number of recent research reports. TD Cowen increased 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. Needham & Company LLC increased their price objective on Cohu from $33.00 to $54.00 and gave the stock a "buy" rating in a report on Friday, May 1st. Stifel Nicolaus increased their price objective on Cohu from $32.00 to $34.00 and gave the stock a "buy" rating in a report on Wednesday, March 18th. Jefferies Financial Group set a $60.00 price objective on Cohu and gave the stock a "buy" rating in a report on Friday, May 1st. Finally, Evercore restated an "outperform" rating and set a $53.00 target price on shares of Cohu in a research report on Tuesday, April 28th. Six research 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, the stock has a consensus rating of "Moderate Buy" and an average price target of $49.00.
Check Out Our Latest Research 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.
Further Reading
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