Nina Richardson Sells 3,055 Shares of Cohu (NASDAQ:COHU) Stock

Cohu, Inc. (NASDAQ:COHU) Director Nina Richardson sold 3,055 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $51.54, for a total transaction of $157,454.70. Following the completion of the sale, the director owned 39,093 shares in the company, valued at $2,014,853.22. This represents a 7.25% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Cohu Trading Up 2.1%

NASDAQ COHU opened at $52.88 on Friday. Cohu, Inc. has a 52 week low of $18.67 and a 52 week high of $74.60. The company has a 50 day moving average price of $56.70 and a 200 day moving average price of $43.25. The company has a quick ratio of 4.72, a current ratio of 5.74 and a debt-to-equity ratio of 0.37. The firm has a market cap of $2.50 billion, a PE ratio of -63.71 and a beta of 1.59.

Cohu (NASDAQ:COHU) last announced its earnings results on Thursday, July 30th. The semiconductor company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.12. Cohu had a negative net margin of 7.43% and a negative return on equity of 1.96%. The company had revenue of $149.00 million during the quarter, compared to the consensus estimate of $144.20 million. During the same period last year, the firm earned $0.02 earnings per share. Cohu’s revenue was up 38.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Cohu, Inc. will post 0.47 EPS for the current fiscal year.

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Jefferies Financial Group restated a “buy” rating and set a $74.00 target price on shares of Cohu in a research note on Friday, July 31st. Evercore reissued an “outperform” rating and issued a $53.00 price target on shares of Cohu in a report on Tuesday, April 28th. B. Riley Financial boosted their price target on Cohu from $65.00 to $69.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Zacks Research upgraded shares of Cohu from a “hold” rating to a “strong-buy” rating in a report on Thursday, July 30th. Finally, Craig Hallum reaffirmed a “buy” rating and issued a $74.00 price objective on shares of Cohu in a research report on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Cohu has a consensus rating of “Buy” and an average target price of $68.75.

Hedge Funds Weigh In On Cohu

Several hedge funds have recently made changes to their positions in COHU. BlackRock Inc. acquired a new stake in Cohu during the 2nd quarter worth about $545,932,000. Vanguard Group Inc. increased its holdings in shares of Cohu by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 4,361,164 shares of the semiconductor company’s stock valued at $101,484,000 after purchasing an additional 57,618 shares during the period. Royce & Associates LP increased its holdings in shares of Cohu by 0.4% in the fourth quarter. Royce & Associates LP now owns 1,918,424 shares of the semiconductor company’s stock valued at $44,642,000 after purchasing an additional 7,927 shares during the period. State Street Corp raised its stake in shares of Cohu by 0.3% in the fourth quarter. State Street Corp now owns 1,819,530 shares of the semiconductor company’s stock worth $42,340,000 after purchasing an additional 5,439 shares during the last quarter. Finally, SG Capital Management LLC acquired a new stake in shares of Cohu during the fourth quarter worth about $33,174,000. 94.67% of the stock is 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.