Cohu, Inc. (NASDAQ:COHU) Director Sells $120,675.86 in Stock

Cohu, Inc. (NASDAQ:COHU) Director Nina Richardson sold 4,999 shares of the firm’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $24.14, for a total value of $120,675.86. Following the completion of the sale, the director now directly owns 28,313 shares in the company, valued at approximately $683,475.82. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink.

Cohu Price Performance

Shares of COHU stock opened at $25.18 on Friday. Cohu, Inc. has a 12 month low of $22.80 and a 12 month high of $36.60. The company has a market capitalization of $1.19 billion, a P/E ratio of -503.60 and a beta of 1.53. The stock has a 50 day moving average of $25.18 and a two-hundred day moving average of $29.15. The company has a current ratio of 6.95, a quick ratio of 5.09 and a debt-to-equity ratio of 0.01.

Cohu (NASDAQ:COHU) last issued its earnings results on Wednesday, July 31st. The semiconductor company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.03). Cohu had a negative net margin of 5.70% and a positive return on equity of 1.27%. The firm had revenue of $104.70 million during the quarter, compared to analyst estimates of $105.00 million. As a group, equities analysts expect that Cohu, Inc. will post -0.41 EPS for the current year.

Wall Street Analyst Weigh In

A number of analysts have issued reports on COHU shares. Citigroup lowered Cohu from a “buy” rating to a “neutral” rating and set a $36.00 target price on the stock. in a report on Monday, July 15th. StockNews.com downgraded shares of Cohu from a “hold” rating to a “sell” rating in a research note on Friday, August 2nd. Finally, Needham & Company LLC dropped their target price on shares of Cohu from $37.00 to $33.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, Cohu has an average rating of “Hold” and an average price target of $35.00.

Institutional Trading of Cohu

Several institutional investors have recently made changes to their positions in the business. Inspire Advisors LLC acquired a new position in Cohu in the first quarter worth about $755,000. Vanguard Group Inc. boosted its holdings in Cohu by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 4,165,622 shares of the semiconductor company’s stock valued at $147,421,000 after purchasing an additional 59,716 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of Cohu by 111.0% in the 1st quarter. BNP Paribas Financial Markets now owns 39,061 shares of the semiconductor company’s stock valued at $1,302,000 after purchasing an additional 20,549 shares during the period. Sei Investments Co. raised its holdings in shares of Cohu by 11.2% in the 1st quarter. Sei Investments Co. now owns 160,259 shares of the semiconductor company’s stock worth $5,341,000 after buying an additional 16,159 shares in the last quarter. Finally, SG Americas Securities LLC acquired a new stake in Cohu in the 1st quarter valued at $596,000. 94.67% of the stock is currently owned by institutional investors and hedge funds.

About Cohu

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.