Luis Muller Sells 45,154 Shares of Cohu (NASDAQ:COHU) Stock

Cohu, Inc. (NASDAQ:COHU) CEO Luis Muller sold 45,154 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $46.62, for a total transaction of $2,105,079.48. Following the completion of the sale, the chief executive officer owned 927,619 shares in the company, valued at $43,245,597.78. This represents a 4.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Cohu Stock Up 10.0%

COHU stock opened at $54.94 on Thursday. The company’s 50 day simple moving average is $40.45 and its 200-day simple moving average is $31.56. The firm has a market capitalization of $2.59 billion, a PE ratio of -46.17 and a beta of 1.61. Cohu, Inc. has a 12 month low of $16.95 and a 12 month high of $55.06. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.43 and a quick ratio of 5.31.

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

Wall Street Analyst Weigh In

COHU has been the topic of several recent analyst reports. TD Cowen upped their price objective on shares of Cohu from $35.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, May 1st. B. Riley Financial reissued a “buy” rating on shares of Cohu in a research note on Monday, April 20th. Evercore reissued an “outperform” rating and set a $53.00 price objective on shares of Cohu in a research note on Tuesday, April 28th. Needham & Company LLC upped their price objective on shares of Cohu from $33.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Finally, Stifel Nicolaus upped their price objective on shares of Cohu from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, March 18th. Six investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $49.00.

Hedge Funds Weigh In On Cohu

Large investors have recently bought and sold shares of the stock. Hollencrest Capital Management purchased a new position in Cohu during the first quarter worth approximately $31,000. Kestra Advisory Services LLC purchased a new position in Cohu during the fourth quarter worth approximately $34,000. Farther Finance Advisors LLC raised its stake in Cohu by 45.0% during the fourth quarter. Farther Finance Advisors LLC now owns 1,456 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 452 shares during the period. Los Angeles Capital Management LLC purchased a new position in Cohu during the fourth quarter worth approximately $37,000. Finally, Bessemer Group Inc. raised its stake in Cohu by 45.4% during the third quarter. Bessemer Group Inc. now owns 1,564 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 488 shares during the period. Hedge funds and other institutional investors own 94.67% of the company’s stock.

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.