Cohu (NASDAQ:COHU) Director William Bendush Sells 7,500 Shares

Cohu, Inc. (NASDAQ:COHU) Director William Bendush sold 7,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $49.14, for a total transaction of $368,550.00. Following the completion of the transaction, the director directly owned 24,780 shares of the company’s stock, valued at $1,217,689.20. This represents a 23.23% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Cohu Price Performance

Shares of NASDAQ:COHU opened at $48.96 on Friday. The company’s fifty day moving average is $37.09 and its two-hundred day moving average is $30.08. The company has a market cap of $2.31 billion, a P/E ratio of -41.14 and a beta of 1.61. Cohu, Inc. has a 12-month low of $16.46 and a 12-month high of $52.43. The company has a quick ratio of 5.31, a current ratio of 6.43 and a debt-to-equity ratio of 0.37.

Cohu (NASDAQ:COHU) last issued its 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 return on equity of 3.50% and a negative net margin of 11.54%.The business’s quarterly revenue was up 29.3% on a year-over-year basis. During the same period last year, the business earned ($0.02) EPS. 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 subject of a number of research analyst reports. Weiss Ratings reissued a “sell (d-)” rating on shares of Cohu in a research report on Monday, April 20th. Zacks Research raised shares of Cohu from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Evercore reiterated an “outperform” rating and issued a $53.00 target price on shares of Cohu in a research report on Tuesday, April 28th. Stifel Nicolaus lifted their target price 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. Finally, Jefferies Financial Group set a $60.00 price target on shares of Cohu and gave the company a “buy” rating in a report on Friday, May 1st. Six equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $49.00.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of COHU. Gabelli Funds LLC boosted its holdings in Cohu by 25.0% in the first quarter. Gabelli Funds LLC now owns 40,000 shares of the semiconductor company’s stock worth $1,225,000 after purchasing an additional 8,000 shares in the last quarter. Caxton Associates LLP raised its holdings in Cohu by 183.4% during the first quarter. Caxton Associates LLP now owns 50,565 shares of the semiconductor company’s stock valued at $1,548,000 after buying an additional 32,721 shares in the last quarter. Sei Investments Co. raised its holdings in Cohu by 93.0% during the first quarter. Sei Investments Co. now owns 251,122 shares of the semiconductor company’s stock valued at $7,689,000 after buying an additional 121,015 shares in the last quarter. Hollencrest Capital Management acquired a new stake in shares of Cohu in the first quarter worth about $31,000. Finally, Illinois Municipal Retirement Fund boosted its stake in shares of Cohu by 3.5% during the 1st quarter. Illinois Municipal Retirement Fund now owns 24,993 shares of the semiconductor company’s stock worth $765,000 after acquiring an additional 839 shares in the last quarter. 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.