Cohu (NASDAQ:COHU) Director Sells 3,055 Shares

Key Points

• Cohu director Nina Richardson sold 3,055 shares at an average price of $51.54, generating approximately $157,455. The Rule 10b5-1 transaction reduced her holdings by 7.25% to 39,093 shares.
• Cohu shares rose 0.1% to $51.79, while the company reported quarterly EPS of $0.26 and revenue of $149 million, exceeding analyst expectations; revenue increased 38.3% year over year.
• Analyst sentiment remains positive: Cohu has an average “Buy” rating and a $68.75 price target, although one firm maintains a sell rating. Institutional investors own 94.67% of the company.

Cohu, Inc. (NASDAQ:COHU - Get Free Report) Director Nina Richardson sold 3,055 shares of the company's stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $51.54, for a total transaction of $157,454.70. Following the sale, the director owned 39,093 shares of the company's stock, valued at $2,014,853.22. The trade was a 7.25% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Cohu Trading Up 0.1%

Shares of Cohu stock traded up $0.06 during trading on Thursday, reaching $51.79. 637,013 shares of the company were exchanged, compared to its average volume of 1,089,762. The company has a quick ratio of 4.72, a current ratio of 5.74 and a debt-to-equity ratio of 0.37. Cohu, Inc. has a twelve month low of $18.67 and a twelve month high of $74.60. The business has a 50-day moving average price of $56.70 and a 200-day moving average price of $43.18. The firm has a market capitalization of $2.45 billion, a price-to-earnings 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, topping analysts' consensus estimates of $0.14 by $0.12. The firm had revenue of $149.00 million for the quarter, compared to analysts' expectations 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 quarter last year, the business earned $0.02 earnings per share. Sell-side analysts anticipate that Cohu, Inc. will post 0.21 EPS for the current fiscal year.

Institutional Investors Weigh In On Cohu

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Stanley Laman Group Ltd. increased its holdings in Cohu by 27.8% during the 4th quarter. Stanley Laman Group Ltd. now owns 195,536 shares of the semiconductor company's stock worth $4,550,000 after purchasing an additional 42,593 shares in the last quarter. Assenagon Asset Management S.A. bought a new position in shares of Cohu during the first quarter worth about $705,000. Vanguard Group Inc. raised its position in Cohu by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 4,361,164 shares of the semiconductor company's stock valued at $101,484,000 after buying an additional 57,618 shares during the last quarter. Mizuho Markets Americas LLC lifted its stake in Cohu by 349.3% in the 4th quarter. Mizuho Markets Americas LLC now owns 302,838 shares of the semiconductor company's stock valued at $7,047,000 after acquiring an additional 235,438 shares in the last quarter. Finally, Louisiana State Employees Retirement System acquired a new position in Cohu during the 1st quarter worth approximately $634,000. 94.67% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages have commented on COHU. Needham & Company LLC upped their target price 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. Evercore reissued an "outperform" rating and issued a $53.00 price target on shares of Cohu in a report on Tuesday, April 28th. TD Cowen raised their price objective on Cohu from $60.00 to $80.00 and gave the stock a "buy" rating in a research note on Tuesday, June 16th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Cohu in a report on Friday, July 17th. Finally, Craig Hallum reissued a "buy" rating and issued a $74.00 target price on shares of Cohu in a research note on Friday, July 31st. Two equities 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's stock. Based on data from MarketBeat, Cohu currently has an average rating of "Buy" and an average price target of $68.75.

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.

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