Key Points
- Cohu CEO Luis Muller sold 21,662 shares at an average price of $73, generating $1.58 million. The transaction was conducted under a Rule 10b5-1 plan to cover tax withholding related to vested equity awards, reducing his stake by 2.56%.
- Cohu shares opened at $73.73, near their 52-week high of $75.72, and have risen substantially from the 52-week low of $18.67. The company recently reported quarterly EPS of $0.26 and revenue of $149 million, both ahead of analyst expectations.
- Analysts maintain a consensus “Moderate Buy” rating with an average price target of $68.75, while institutional investors own 94.67% of the company’s stock.
Cohu, Inc. (NASDAQ:COHU - Get Free Report) CEO Luis Muller sold 21,662 shares of the company's stock in a transaction dated Friday, October 2nd. The shares were sold at an average price of $73.00, for a total value of $1,581,326.00. Following the sale, the chief executive officer owned 822,927 shares in the company, valued at approximately $60,073,671. The trade was a 2.56% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 Trading Up 0.3%
NASDAQ COHU opened at $73.73 on Tuesday. The business has a 50 day simple moving average of $55.11 and a 200 day simple moving average of $51.10. Cohu, Inc. has a one year low of $18.67 and a one year high of $75.72. The stock has a market capitalization of $3.49 billion, a P/E ratio of -88.83 and a beta of 1.51. 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 issued 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. The firm had revenue of $149.00 million for the quarter, compared to analyst estimates of $144.20 million. Cohu had a negative return on equity of 1.96% and a negative net margin of 7.43%.The company's revenue was up 38.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.02 earnings per share. Research analysts expect that Cohu, Inc. will post 0.47 earnings per share for the current year.
Analyst Upgrades and Downgrades
COHU has been the topic of a number of research reports. Craig Hallum reiterated a "buy" rating and set a $74.00 target price on shares of Cohu in a research report 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. Needham & Company LLC lifted their price target on shares of Cohu from $54.00 to $65.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Stifel Nicolaus upped their price objective on shares of Cohu from $50.00 to $70.00 and gave the company a "buy" rating in a report on Friday, July 10th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Cohu in a research report on Friday, July 17th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average target price of $68.75.
Check Out Our Latest Stock Analysis on COHU
Hedge Funds Weigh In On Cohu
Several hedge funds have recently modified their holdings of COHU. QRG Capital Management Inc. bought a new position in shares of Cohu in the second quarter valued at approximately $269,000. Sequoia Financial Advisors LLC bought a new stake in Cohu during the second quarter worth $1,224,000. WINTON GROUP Ltd bought a new stake in Cohu during the second quarter worth $244,000. Engineers Gate Manager LP purchased a new position in Cohu in the second quarter worth $1,839,000. Finally, Integrated Wealth Concepts LLC purchased a new position in Cohu in the second quarter worth $143,000. Institutional investors own 94.67% of the company's stock.
About Cohu
(
Get Free Report)
Cohu, Inc provides semiconductor test and inspection equipment, consumables and related services used by semiconductor manufacturers and outsourced semiconductor assembly and test providers. Its solutions support the testing and handling of integrated circuits throughout the manufacturing process, helping customers evaluate device performance, reliability and quality.
The company's product portfolio includes semiconductor test handlers, inspection and metrology systems, thermal-management equipment, test contactors and other interface products.
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