Key Points
- CEO Luis Muller sold 27,236 Cohu shares at $65 each for total proceeds of approximately $1.77 million, reducing his ownership by 3.12% to 844,589 shares. The transaction followed a Rule 10b5-1 plan and covered tax obligations from vested equity awards.
- Cohu reported quarterly revenue of $149 million, up 38.3% year over year, and earnings of $0.26 per share, exceeding the $0.14 analyst estimate.
- Analysts maintain a generally positive outlook, with Cohu carrying a “Moderate Buy” consensus rating and an average price target of $68.75; institutional investors own 94.67% of the company.
Cohu, Inc. (NASDAQ:COHU - Get Free Report) CEO Luis Muller sold 27,236 shares of the business's stock in a transaction that occurred on Friday, September 25th. The stock was sold at an average price of $65.00, for a total transaction of $1,770,340.00. Following the sale, the chief executive officer owned 844,589 shares of the company's stock, valued at approximately $54,898,285. This represents a 3.12% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 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 Performance
Shares of COHU stock opened at $67.00 on Friday. The company's fifty day simple moving average is $53.07 and its 200-day simple moving average is $49.21. Cohu, Inc. has a 52 week low of $18.67 and a 52 week high of $74.60. 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 market cap of $3.17 billion, a PE ratio of -80.72 and a beta of 1.58.
Cohu (NASDAQ:COHU - Get Free Report) last posted its earnings results on Thursday, July 30th. The semiconductor company reported $0.26 earnings per share 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 business had revenue of $149.00 million for the quarter, compared to analyst estimates of $144.20 million. During the same quarter in the previous year, the business posted $0.02 EPS. The business's quarterly revenue was up 38.3% on a year-over-year basis. As a group, equities research analysts anticipate that Cohu, Inc. will post 0.47 EPS for the current year.
Institutional Investors Weigh In On Cohu
Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in Cohu in the 2nd quarter worth $545,932,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Cohu during the second quarter valued at about $77,814,000. Segall Bryant & Hamill LLC grew its stake in shares of Cohu by 125.5% during the first quarter. Segall Bryant & Hamill LLC now owns 955,344 shares of the semiconductor company's stock valued at $29,253,000 after acquiring an additional 531,661 shares in the last quarter. Emerald Advisers LLC purchased a new stake in shares of Cohu during the first quarter worth about $23,887,000. Finally, Leeward Investments LLC MA increased its position in shares of Cohu by 4.0% during the first quarter. Leeward Investments LLC MA now owns 646,133 shares of the semiconductor company's stock worth $19,785,000 after acquiring an additional 24,755 shares during the last quarter. Hedge funds and other institutional investors own 94.67% of the company's stock.
Analyst Ratings Changes
A number of brokerages have commented on COHU. Jefferies Financial Group restated a "buy" rating and set a $74.00 price objective on shares of Cohu in a research note on Friday, July 31st. Robert W. Baird assumed coverage on Cohu in a research note on Wednesday, July 8th. They issued an "outperform" rating and a $65.00 target price for the company. Craig Hallum reiterated a "buy" rating and set a $74.00 target price on shares of Cohu in a report on Friday, July 31st. TD Cowen raised their target price on Cohu from $60.00 to $80.00 and gave the company a "buy" rating in a report on Tuesday, June 16th. Finally, B. Riley Financial boosted their price target on Cohu from $65.00 to $69.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Cohu currently has an average rating of "Moderate Buy" and a consensus target price of $68.75.
View Our Latest Research Report on Cohu
Cohu Company Profile
(
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.
Further Reading
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