Cohu (NASDAQ:COHU) Director Steven Bilodeau Sells 10,257 Shares

Cohu, Inc. (NASDAQ:COHU) Director Steven Bilodeau sold 10,257 shares of the firm’s stock in a transaction on Wednesday, May 20th. The stock was sold at an average price of $44.85, for a total transaction of $460,026.45. Following the transaction, the director directly owned 52,272 shares of the company’s stock, valued at approximately $2,344,399.20. This trade represents a 16.40% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Cohu Stock Performance

Shares of Cohu stock traded up $0.88 during trading on Friday, hitting $46.53. 734,669 shares of the company’s stock were exchanged, compared to its average volume of 984,813. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.31 and a current ratio of 6.43. The business has a 50-day simple moving average of $38.73 and a 200-day simple moving average of $30.83. Cohu, Inc. has a 52-week low of $16.46 and a 52-week high of $52.43. The stock has a market capitalization of $2.19 billion, a price-to-earnings ratio of -39.10 and a beta of 1.61.

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

Analysts Set New Price Targets

A number of research analysts have weighed in on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cohu in a report on Monday, April 20th. Jefferies Financial Group set a $60.00 price objective on shares of Cohu and gave the company a “buy” rating in a report on Friday, May 1st. B. Riley Financial reaffirmed a “buy” rating on shares of Cohu in a report on Monday, April 20th. Needham & Company LLC lifted their price objective on shares of Cohu from $33.00 to $54.00 and gave the company a “buy” rating in a report on Friday, May 1st. Finally, 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 report on Wednesday, March 18th. Six investment analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, Cohu has a consensus rating of “Moderate Buy” and a consensus price target of $49.00.

Hedge Funds Weigh In On Cohu

Institutional investors and hedge funds have recently bought and sold shares of the business. Bessemer Group Inc. boosted its position 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 acquiring an additional 488 shares during the last quarter. Hollencrest Capital Management acquired a new position in Cohu during the first quarter worth about $31,000. Hantz Financial Services Inc. boosted its position in Cohu by 83.7% during the third quarter. Hantz Financial Services Inc. now owns 1,569 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 715 shares during the last quarter. Farther Finance Advisors LLC boosted its position 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 acquiring an additional 452 shares during the last quarter. Finally, Kestra Advisory Services LLC acquired a new position in Cohu during the fourth quarter worth about $34,000. 94.67% of the stock is currently owned by institutional investors and hedge funds.

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.