Insider Selling: Cohu, Inc. (NASDAQ:COHU) Director Sells 2,500 Shares of Stock

Cohu, Inc. (NASDAQ:COHU - Get Free Report) Director William Bendush sold 2,500 shares of the firm's stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $29.27, for a total transaction of $73,175.00. Following the sale, the director now directly owns 34,162 shares in the company, valued at $999,921.74. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink.

William Bendush also recently made the following trade(s):

• On Monday, May 13th, William Bendush sold 2,591 shares of Cohu stock. The stock was sold at an average price of $29.83, for a total value of $77,289.53.

Cohu Price Performance

Shares of COHU traded up $0.43 during mid-day trading on Thursday, hitting $29.73. 247,705 shares of the company traded hands, compared to its average volume of 275,183. The company has a current ratio of 6.29, a quick ratio of 4.63 and a debt-to-equity ratio of 0.01. The business has a 50-day moving average of $30.92 and a 200 day moving average of $32.24. Cohu, Inc. has a one year low of $28.57 and a one year high of $43.99. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of -592.80 and a beta of 1.54.

Cohu (NASDAQ:COHU - Get Free Report) last released its earnings results on Thursday, February 15th. The semiconductor company reported $0.23 earnings per share for the quarter, topping analysts' consensus estimates of $0.22 by $0.01. The company had revenue of $137.23 million during the quarter, compared to the consensus estimate of $136.94 million. Cohu had a positive return on equity of 3.91% and a negative net margin of 0.38%. The firm's quarterly revenue was down 28.2% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.63 earnings per share. As a group, equities analysts expect that Cohu, Inc. will post -0.07 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on COHU shares. B. Riley decreased their price target on shares of Cohu from $45.00 to $40.00 and set a "buy" rating for the company in a research report on Friday, May 3rd. TD Cowen reduced their price objective on Cohu from $40.00 to $36.00 and set a "buy" rating for the company in a research report on Friday, May 3rd. Citigroup cut their target price on Cohu from $40.00 to $36.00 and set a "buy" rating for the company in a research report on Monday, May 6th. Craig Hallum decreased their price target on shares of Cohu from $35.00 to $30.00 and set a "hold" rating on the stock in a research report on Friday, May 3rd. Finally, Needham & Company LLC decreased their target price on shares of Cohu from $36.00 to $34.00 and set a "buy" rating for the company in a research note on Monday, May 6th. Two equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $37.33.

Institutional Investors Weigh In On Cohu

Institutional investors and hedge funds have recently modified their holdings of the business. Meeder Asset Management Inc. bought a new position in Cohu during the fourth quarter worth about $35,000. Teza Capital Management LLC bought a new stake in Cohu during the 3rd quarter worth approximately $212,000. Altfest L J & Co. Inc. acquired a new stake in Cohu during the 4th quarter worth approximately $250,000. TFO Wealth Partners LLC raised its holdings in shares of Cohu by 10,587.5% during the fourth quarter. TFO Wealth Partners LLC now owns 855 shares of the semiconductor company's stock worth $283,000 after acquiring an additional 847 shares during the period. Finally, ProShare Advisors LLC lifted its position in Cohu by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 9,433 shares of the semiconductor company's stock valued at $314,000 after acquiring an additional 649 shares in the last quarter. 94.67% of the stock is owned by institutional investors.

Cohu Company Profile

Cohu, Inc, through its subsidiaries, provides semiconductor test equipment and services in China, the United States, Taiwan, Malaysia, the Philippines, and internationally. The company supplies semiconductor test and inspection handlers, micro-electromechanical system (MEMS) test modules, test contactors, thermal sub-systems, and semiconductor automated test equipment for semiconductor manufacturers and test subcontractors.

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