Insider Selling: Cohu (NASDAQ:COHU) CFO Sells 13,000 Shares of Stock

Cohu, Inc. (NASDAQ:COHU) CFO Jeffrey Jones sold 13,000 shares of the business’s stock in a transaction dated Friday, May 22nd. The stock was sold at an average price of $46.84, for a total value of $608,920.00. Following the transaction, the chief financial officer directly owned 343,792 shares of the company’s stock, valued at $16,103,217.28. This represents a 3.64% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Cohu Stock Performance

Shares of NASDAQ COHU traded up $3.40 during trading hours on Tuesday, hitting $49.93. 2,631,570 shares of the company’s stock were exchanged, compared to its average volume of 1,335,655. Cohu, Inc. has a 1-year low of $16.95 and a 1-year high of $52.43. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.43 and a quick ratio of 5.31. The stock has a market capitalization of $2.36 billion, a price-to-earnings ratio of -41.96 and a beta of 1.61. The company’s 50-day moving average price is $39.92 and its 200-day moving average price is $31.34.

Cohu (NASDAQ:COHU) last posted its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.02). Cohu had a negative return on equity of 3.50% and a negative net margin of 11.54%.The business had revenue of $125.12 million for the quarter, compared to analyst estimates of $122.14 million. During the same period in the prior year, the firm posted ($0.02) EPS. Cohu’s revenue for the quarter was up 29.3% on a year-over-year basis. On average, sell-side analysts expect that Cohu, Inc. will post 0.17 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cohu

Several large investors have recently added to or reduced their stakes in COHU. Tudor Investment Corp ET AL acquired a new position in Cohu in the 3rd quarter valued at approximately $243,960,000. SG Capital Management LLC acquired a new position in shares of Cohu in the 4th quarter worth approximately $33,174,000. Invesco Ltd. raised its holdings in shares of Cohu by 478.4% in the 2nd quarter. Invesco Ltd. now owns 1,175,282 shares of the semiconductor company’s stock worth $22,612,000 after buying an additional 972,088 shares in the last quarter. Emerald Advisers LLC acquired a new position in shares of Cohu in the 1st quarter worth approximately $23,887,000. Finally, Segall Bryant & Hamill LLC raised its holdings in shares of Cohu by 125.5% in the 1st quarter. Segall Bryant & Hamill LLC now owns 955,344 shares of the semiconductor company’s stock worth $29,253,000 after buying an additional 531,661 shares in the last quarter. Institutional investors and hedge funds own 94.67% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on COHU shares. Jefferies Financial Group set a $60.00 price target on Cohu and gave the company a “buy” rating in a report on Friday, May 1st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cohu in a report on Monday, April 20th. Needham & Company LLC upped their price target on Cohu from $33.00 to $54.00 and gave the company a “buy” rating in a report on Friday, May 1st. TD Cowen upped their price target on Cohu from $35.00 to $60.00 and gave the company a “buy” rating in a report on Friday, May 1st. Finally, Zacks Research raised Cohu from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Six analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, Cohu presently has an average rating of “Moderate Buy” and an average target price of $49.00.

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.