Key Points
- Cohu CEO Luis Muller sold 55,794 shares at an average price of $60, generating approximately $3.35 million. The sale was made under a pre-arranged Rule 10b5-1 plan to cover tax withholding tied to vested equity awards, leaving him with 871,825 shares.
- Cohu shares opened at $60.62, with the stock recently up 5.0%. The company reported quarterly EPS of $0.26, beating estimates of $0.14, while revenue rose 38.3% year over year to $149 million.
- Analysts maintain a “Moderate Buy” consensus rating, with an average price target of $68.75. Institutional investors own approximately 94.67% of Cohu’s outstanding shares.
Cohu, Inc. (NASDAQ:COHU - Get Free Report) CEO Luis Muller sold 55,794 shares of the stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $60.00, for a total value of $3,347,640.00. Following the transaction, the chief executive officer owned 871,825 shares of the company's stock, valued at approximately $52,309,500. This trade represents a 6.01% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 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 Up 5.0%
Shares of NASDAQ:COHU opened at $60.62 on Tuesday. The company has a current ratio of 5.74, a quick ratio of 4.72 and a debt-to-equity ratio of 0.37. The company has a fifty day simple moving average of $52.15 and a 200 day simple moving average of $48.33. The firm has a market cap of $2.87 billion, a PE ratio of -73.04 and a beta of 1.58. Cohu, Inc. has a 12-month low of $18.67 and a 12-month high of $74.60.
Cohu (NASDAQ:COHU - Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.12. Cohu had a negative net margin of 7.43% and a negative return on equity of 1.96%. The firm had revenue of $149.00 million for the quarter, compared to analysts' expectations of $144.20 million. During the same period in the prior year, the company posted $0.02 earnings per share. The firm's quarterly revenue was up 38.3% on a year-over-year basis. On average, equities research analysts anticipate that Cohu, Inc. will post 0.47 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several brokerages have recently commented on COHU. Robert W. Baird started coverage on shares of Cohu in a research report on Wednesday, July 8th. They set an "outperform" rating and a $65.00 price target on the stock. Zacks Research lowered Cohu from a "strong-buy" rating to a "hold" rating in a report on Friday, August 28th. TD Cowen upped their price objective on Cohu from $60.00 to $80.00 and gave the company a "buy" rating in a research note on Tuesday, June 16th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Cohu in a report on Friday, July 17th. Finally, Craig Hallum reiterated a "buy" rating and issued a $74.00 target price on shares of Cohu in a research report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $68.75.
Read Our Latest Report on COHU
Institutional Inflows and Outflows
A number of large investors have recently modified their holdings of the business. Sheets Smith Wealth Management grew its holdings in shares of Cohu by 3.0% during the first quarter. Sheets Smith Wealth Management now owns 14,644 shares of the semiconductor company's stock valued at $448,000 after purchasing an additional 420 shares during the last quarter. Allworth Financial LP lifted its holdings in shares of Cohu by 109.8% in the 2nd quarter. Allworth Financial LP now owns 879 shares of the semiconductor company's stock worth $65,000 after purchasing an additional 460 shares during the last quarter. Nykredit A S bought a new stake in shares of Cohu in the 2nd quarter worth approximately $36,000. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Cohu during the 2nd quarter valued at approximately $48,000. Finally, Illinois Municipal Retirement Fund boosted its position in Cohu by 3.5% during the 1st quarter. Illinois Municipal Retirement Fund now owns 24,993 shares of the semiconductor company's stock valued at $765,000 after purchasing an additional 839 shares during the period. 94.67% of the stock is currently owned by institutional investors.
About Cohu
(
Get Free Report)
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.
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