Cohu (NASDAQ:COHU) Director Andrew Caggia Sells 15,252 Shares of Stock

Cohu, Inc. (NASDAQ:COHU) Director Andrew Caggia sold 15,252 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $51.74, for a total transaction of $789,138.48. Following the completion of the transaction, the director owned 64,778 shares in the company, valued at approximately $3,351,613.72. This represents a 19.06% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Cohu Price Performance

Shares of COHU opened at $51.79 on Friday. The company has a market capitalization of $2.45 billion, a P/E ratio of -62.40 and a beta of 1.59. The company has a quick ratio of 4.72, a current ratio of 5.74 and a debt-to-equity ratio of 0.37. The firm has a 50 day moving average of $56.70 and a 200 day moving average of $43.18. Cohu, Inc. has a twelve month low of $18.67 and a twelve month high of $74.60.

Cohu (NASDAQ:COHU) last announced its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates 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 company had revenue of $149.00 million during the quarter, compared to analyst estimates of $144.20 million. During the same period in the previous year, the business earned $0.02 EPS. The firm’s revenue for the quarter was up 38.3% on a year-over-year basis. As a group, equities research analysts anticipate that Cohu, Inc. will post 0.21 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of brokerages have recently issued reports on COHU. TD Cowen upped their price target on Cohu from $60.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, June 16th. Evercore reiterated an “outperform” rating and issued a $53.00 price objective on shares of Cohu in a report on Tuesday, April 28th. Stifel Nicolaus boosted their target price on Cohu from $50.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Craig Hallum reissued a “buy” rating and issued a $74.00 target price on shares of Cohu in a research report on Friday, July 31st. Finally, Jefferies Financial Group restated a “buy” rating and set a $74.00 target price on shares of Cohu in a research note on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock has a consensus rating of “Buy” and an average target price of $68.75.

Institutional Investors Weigh In On Cohu

A number of hedge funds have recently added to or reduced their stakes in COHU. Global Retirement Partners LLC bought a new position in shares of Cohu during the 2nd quarter valued at $179,000. Bank of New York Mellon Corp purchased a new position in shares of Cohu in the 2nd quarter worth $21,217,000. State of Wyoming bought a new stake in shares of Cohu in the second quarter worth $209,000. Summit Global Investments bought a new stake in shares of Cohu in the second quarter worth $714,000. Finally, Trust Point Inc. purchased a new stake in Cohu during the second quarter valued at $478,000. 94.67% of the stock is currently owned by hedge funds and other institutional investors.

Cohu Company Profile

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.