Key Points
- Director Andrew Caggia sold 15,252 Cohu shares at an average price of $51.74, generating approximately $789,138. The Rule 10b5-1 transaction reduced his direct holdings by 19.06% to 64,778 shares.
- Cohu reported quarterly EPS of $0.26, beating estimates of $0.14, while revenue rose 38.3% year over year to $149 million. Despite the earnings growth, the company posted a negative net margin of 7.43%.
- Analysts remain broadly positive, with a consensus “Buy” rating and an average price target of $68.75 versus the stock’s reported $51.79 opening price; institutional investors own 94.67% of the shares.
Cohu, Inc. (NASDAQ:COHU - Get Free Report) Director Nina Richardson sold 3,055 shares of the firm's stock in a transaction on Wednesday, August 5th. The stock was sold at an average price of $51.54, for a total value of $157,454.70. Following the completion of the sale, the director directly owned 39,093 shares of the company's stock, valued at $2,014,853.22. The trade was a 7.25% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Cohu Stock Up 0.1%
Shares of COHU stock opened at $51.79 on Friday. The stock's fifty day moving average price is $56.70 and its 200 day moving average price is $43.18. Cohu, Inc. has a 1-year low of $18.67 and a 1-year high of $74.60. The company has a market cap of $2.45 billion, a price-to-earnings ratio of -62.40 and a beta of 1.59. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.74 and a quick ratio of 4.72.
Cohu (NASDAQ:COHU - Get Free Report) last released 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. The company had revenue of $149.00 million during the quarter, compared to analysts' expectations of $144.20 million. Cohu had a negative return on equity of 1.96% and a negative net margin of 7.43%.The firm's revenue was up 38.3% compared to the same quarter last year. During the same period last year, the business posted $0.02 earnings per share. On average, research analysts expect that Cohu, Inc. will post 0.21 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Several institutional investors have recently bought and sold shares of COHU. Hollencrest Capital Management purchased a new stake in Cohu in the 1st quarter worth approximately $31,000. Farther Finance Advisors LLC increased its holdings in shares of Cohu by 45.0% during the 4th quarter. Farther Finance Advisors LLC now owns 1,456 shares of the semiconductor company's stock valued at $34,000 after purchasing an additional 452 shares in the last quarter. Kestra Advisory Services LLC purchased a new stake in Cohu during the fourth quarter worth $34,000. Los Angeles Capital Management LLC purchased a new position in Cohu in the fourth quarter valued at $37,000. Finally, Smartleaf Asset Management LLC raised its position in shares of Cohu by 202.7% in the second quarter. Smartleaf Asset Management LLC now owns 2,113 shares of the semiconductor company's stock worth $41,000 after acquiring an additional 1,415 shares during the period. 94.67% of the stock is currently owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several equities analysts recently commented on COHU shares. Zacks Research raised shares of Cohu from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 30th. Jefferies Financial Group restated a "buy" rating and set a $74.00 price target on shares of Cohu in a research note on Friday, July 31st. B. Riley Financial raised 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. Robert W. Baird initiated coverage on shares of Cohu in a research note on Wednesday, July 8th. They set an "outperform" rating and a $65.00 price objective for the company. Finally, Stifel Nicolaus lifted their price objective on shares of Cohu from $50.00 to $70.00 and gave the stock a "buy" rating in a research note on Friday, July 10th. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has issued a Sell rating to the company's stock. According to MarketBeat, Cohu presently has an average rating of "Buy" and an average price target of $68.75.
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About Cohu
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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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