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

Key Points

• Director Andrew Caggia sold 15,252 Cohu shares for approximately $789,138 at an average price of $51.74, reducing his stake by 19.06% to 64,778 shares. The transaction was conducted under a pre-arranged Rule 10b5-1 trading plan.
• Cohu’s latest quarterly results exceeded expectations, with adjusted EPS of $0.26 versus the $0.14 consensus estimate and revenue of $149 million, up 38.3% year over year.
• Despite the insider sale, analysts maintain a generally positive outlook: the stock has an average “Buy” rating and a consensus price target of $68.75, compared with a recent trading price near $51.79.

Cohu, Inc. (NASDAQ:COHU - Get Free Report) Director Andrew Caggia sold 15,252 shares of the business's stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $51.74, for a total value of $789,138.48. Following the transaction, the director owned 64,778 shares of the company's stock, valued at $3,351,613.72. This trade represents a 19.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Cohu Trading Up 0.1%

Cohu stock traded up $0.06 during mid-day trading on Thursday, hitting $51.79. The company's stock had a trading volume of 637,013 shares, compared to its average volume of 1,089,762. 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 company has a 50 day moving average of $56.70 and a 200-day moving average of $43.18. Cohu, Inc. has a one year low of $18.67 and a one year high of $74.60. The stock has a market cap of $2.45 billion, a PE ratio of -62.40 and a beta of 1.59.

Cohu (NASDAQ:COHU - Get Free Report) last issued its earnings results on Thursday, July 30th. The semiconductor company reported $0.26 earnings per share (EPS) for the quarter, beating 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 firm 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 firm earned $0.02 earnings per share. The business's revenue was up 38.3% on a year-over-year basis. On average, research analysts anticipate that Cohu, Inc. will post 0.21 EPS for the current year.

Institutional Investors Weigh In On Cohu

A number of institutional investors have recently added to or reduced their stakes in the stock. Hollencrest Capital Management bought a new position in Cohu in the first quarter worth about $31,000. Kestra Advisory Services LLC bought a new position in shares of Cohu during the 4th quarter worth approximately $34,000. Farther Finance Advisors LLC lifted its position in Cohu by 45.0% during the fourth quarter. Farther Finance Advisors LLC now owns 1,456 shares of the semiconductor company's stock valued at $34,000 after acquiring an additional 452 shares during the last quarter. Los Angeles Capital Management LLC purchased a new stake in Cohu during the fourth quarter valued at approximately $37,000. Finally, Gen Wealth Partners Inc acquired a new stake in Cohu in the fourth quarter valued at approximately $44,000. Institutional investors own 94.67% of the company's stock.

Wall Street Analysts Forecast Growth

COHU has been the topic of several research analyst reports. Robert W. Baird started coverage on Cohu in a research note on Wednesday, July 8th. They issued an "outperform" rating and a $65.00 price objective on the stock. TD Cowen increased their price target on Cohu from $60.00 to $80.00 and gave the stock a "buy" rating in a research report on Tuesday, June 16th. Stifel Nicolaus raised their price target on Cohu from $50.00 to $70.00 and gave the company a "buy" rating in a research note on Friday, July 10th. Jefferies Financial Group restated a "buy" rating and issued a $74.00 price objective on shares of Cohu in a report on Friday, July 31st. Finally, Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Cohu in a research note on Friday, July 17th. Two research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Buy" and a consensus target price of $68.75.

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.

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