Key Points
- Cohu director James Donahue sold 10,257 shares on May 22 for about $479,720, cutting his ownership by 74.14% to 3,578 shares.
- The stock rose 7.3% and opened at $49.93, near its 52-week high of $52.43, while trading well above its 50-day and 200-day moving averages.
- Recent quarterly results were mixed: Cohu beat revenue expectations with $125.12 million in sales, but EPS of $0.01 missed estimates, and analysts currently rate the stock a “Moderate Buy” with an average target of $49.00.
Cohu, Inc. (NASDAQ:COHU - Get Free Report) Director James Donahue sold 10,257 shares of the firm's stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $46.77, for a total transaction of $479,719.89. Following the completion of the transaction, the director owned 3,578 shares in the company, valued at approximately $167,343.06. The trade was a 74.14% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website.
Cohu Trading Up 7.3%
Cohu stock opened at $49.93 on Wednesday. The firm's 50-day moving average is $39.92 and its 200-day moving average is $31.34. 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 1 year low of $16.95 and a 1 year high of $52.43. The company has a market cap of $2.36 billion, a P/E ratio of -41.96 and a beta of 1.61.
Cohu (NASDAQ:COHU - Get Free Report) last posted its quarterly earnings results 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). Cohu had a negative return on equity of 3.50% and a negative net margin of 11.54%.The business had revenue of $125.12 million during the quarter, compared to the consensus estimate of $122.14 million. During the same quarter in the previous year, the business posted ($0.02) earnings per share. The company's quarterly revenue was up 29.3% compared to the same quarter last year. On average, equities analysts expect that Cohu, Inc. will post 0.17 earnings per share for the current year.
Institutional Trading of Cohu
A number of large investors have recently modified their holdings of COHU. Bessemer Group Inc. increased its holdings in shares of Cohu by 45.4% in the 3rd quarter. Bessemer Group Inc. now owns 1,564 shares of the semiconductor company's stock worth $31,000 after acquiring an additional 488 shares during the period. Hollencrest Capital Management acquired a new stake in shares of Cohu in the 1st quarter worth about $31,000. Hantz Financial Services Inc. increased its holdings in shares of Cohu by 83.7% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,569 shares of the semiconductor company's stock worth $32,000 after acquiring an additional 715 shares during the period. Farther Finance Advisors LLC increased its holdings in shares of Cohu by 45.0% in the 4th quarter. Farther Finance Advisors LLC now owns 1,456 shares of the semiconductor company's stock worth $34,000 after acquiring an additional 452 shares during the period. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Cohu in the 4th quarter worth about $34,000. Institutional investors and hedge funds own 94.67% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms have recently issued reports on COHU. Zacks Research upgraded shares of Cohu from a "strong sell" rating to a "hold" rating in a research report on Monday, April 20th. Evercore restated an "outperform" rating and issued a $53.00 price target on shares of Cohu in a research report on Tuesday, April 28th. Weiss Ratings restated a "sell (d-)" rating on shares of Cohu in a research report on Monday, April 20th. Needham & Company LLC raised their price target on shares of Cohu from $33.00 to $54.00 and gave the stock a "buy" rating in a research report on Friday, May 1st. Finally, B. Riley Financial restated a "buy" rating on shares of Cohu in a research report on Monday, April 20th. Six equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Cohu presently has an average rating of "Moderate Buy" and an average price target of $49.00.
Read Our Latest Analysis on COHU
About Cohu
(
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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