Cohu (NASDAQ:COHU) Stock: Insider Luis Muller Sells 21,662 Shares

Cohu, Inc. (NASDAQ:COHU) CEO Luis Muller sold 21,662 shares of the firm’s stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $73.00, for a total transaction 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. This trade represents a 2.56% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available 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 0.3%

Shares of COHU stock traded up $0.25 during trading hours on Monday, hitting $73.73. 1,137,883 shares of the company were exchanged, compared to its average volume of 989,032. 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 price-to-earnings ratio of -88.83 and a beta of 1.51. The company has a debt-to-equity ratio of 0.37, a quick ratio of 4.72 and a current ratio of 5.74. The business’s 50-day simple moving average is $55.11 and its two-hundred day simple moving average is $51.10.

Cohu (NASDAQ:COHU) last announced its quarterly earnings data 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 the consensus estimate 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 quarterly revenue was up 38.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.02 EPS. Sell-side analysts predict that Cohu, Inc. will post 0.47 EPS for the current fiscal year.

Hedge Funds Weigh In On Cohu

Several hedge funds have recently made changes to their positions in the company. Hollencrest Capital Management purchased a new position in Cohu in the 1st quarter valued at approximately $31,000. Nykredit A S acquired a new stake in Cohu in the 2nd quarter valued at approximately $36,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new stake in shares of Cohu in the 2nd quarter worth approximately $48,000. Allworth Financial LP purchased a new position in Cohu during the 2nd quarter valued at about $65,000. Finally, Public Employees Retirement System of Ohio bought a new position in Cohu during the second quarter valued at about $79,000. Hedge funds and other institutional investors own 94.67% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently commented on COHU shares. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cohu in a research note on Friday, July 17th. B. Riley Financial boosted their price objective on Cohu from $65.00 to $69.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Robert W. Baird initiated coverage on Cohu in a report on Wednesday, July 8th. They set an “outperform” rating and a $65.00 target price for the company. Needham & Company LLC boosted their price target on Cohu from $54.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Finally, Jefferies Financial Group reissued a “buy” rating and set a $74.00 price objective 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 issued a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $68.75.

Cohu Company Profile

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.