Insider Selling: Cohu (NASDAQ:COHU) CFO Sells 13,000 Shares of Stock

Cohu, Inc. (NASDAQ:COHU) CFO Jeffrey Jones sold 13,000 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $46.84, for a total value of $608,920.00. Following the completion of the transaction, the chief financial officer owned 343,792 shares in the company, valued at $16,103,217.28. This trade represents a 3.64% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Cohu Stock Up 7.3%

NASDAQ COHU traded up $3.40 on Tuesday, reaching $49.93. The stock had a trading volume of 2,631,570 shares, compared to its average volume of 1,335,655. The business has a 50 day moving average price of $39.92 and a 200 day moving average price of $31.34. The company has a current ratio of 6.43, a quick ratio of 5.31 and a debt-to-equity ratio of 0.37. Cohu, Inc. has a 1 year low of $16.95 and a 1 year high of $52.43. The company has a market capitalization of $2.36 billion, a price-to-earnings ratio of -41.96 and a beta of 1.61.

Cohu (NASDAQ:COHU) last issued its earnings results on Thursday, April 30th. The semiconductor company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). Cohu had a negative net margin of 11.54% and a negative return on equity of 3.50%. The firm had revenue of $125.12 million during the quarter, compared to analysts’ expectations of $122.14 million. During the same quarter last year, the firm earned ($0.02) EPS. The business’s revenue for the quarter was up 29.3% compared to the same quarter last year. On average, analysts forecast that Cohu, Inc. will post 0.17 EPS for the current fiscal year.

Institutional Trading of Cohu

Several large investors have recently made changes to their positions in COHU. Bessemer Group Inc. boosted its stake in shares of Cohu by 45.4% during 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 in the last quarter. Hollencrest Capital Management acquired a new position in shares of Cohu during the 1st quarter worth about $31,000. Hantz Financial Services Inc. lifted its position in shares of Cohu by 83.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,569 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 715 shares during the last quarter. Farther Finance Advisors LLC lifted its position 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 worth $34,000 after purchasing an additional 452 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in shares of Cohu during the 4th quarter worth about $34,000. Institutional investors own 94.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. B. Riley Financial reiterated a “buy” rating on shares of Cohu in a research note on Monday, April 20th. Stifel Nicolaus upped their price target on Cohu from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, March 18th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cohu in a research note on Monday, April 20th. Needham & Company LLC upped their price target on Cohu from $33.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Finally, TD Cowen upped their price target on Cohu from $35.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Six equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $49.00.

About Cohu

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.