Cohu (NASDAQ:COHU) Stock: Insider Luis Muller Sells 27,236 Shares

Cohu, Inc. (NASDAQ:COHU) CEO Luis Muller sold 27,236 shares of Cohu stock in a transaction that occurred on Friday, September 25th. The stock was sold at an average price of $65.00, for a total transaction of $1,770,340.00. Following the transaction, the chief executive officer directly owned 844,589 shares in the company, valued at $54,898,285. This trade represents a 3.12% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Cohu Trading Up 5.2%

Shares of Cohu stock traded up $3.30 during trading on Friday, reaching $67.00. The company’s stock had a trading volume of 766,984 shares, compared to its average volume of 956,820. Cohu, Inc. has a 52-week low of $18.67 and a 52-week high of $74.60. The company has a market cap of $3.17 billion, a price-to-earnings ratio of -80.72 and a beta of 1.58. The firm’s 50-day moving average is $53.07 and its two-hundred day moving average is $49.21. The company has a quick ratio of 4.72, a current ratio of 5.74 and a debt-to-equity ratio of 0.37.

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

Analysts Set New Price Targets

COHU has been the topic of several recent analyst reports. Weiss Ratings restated a “sell (d-)” rating on shares of Cohu in a report on Friday, July 17th. Robert W. Baird initiated coverage on Cohu in a report on Wednesday, July 8th. They set an “outperform” rating and a $65.00 price target on the stock. Jefferies Financial Group reaffirmed a “buy” rating and set a $74.00 price target on shares of Cohu in a research report on Friday, July 31st. Craig Hallum reiterated a “buy” rating and issued a $74.00 price objective on shares of Cohu in a report on Friday, July 31st. Finally, Stifel Nicolaus lifted their price objective on Cohu from $50.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $68.75.

Hedge Funds Weigh In On Cohu

Several hedge funds and other institutional investors have recently modified their holdings of COHU. Sheets Smith Wealth Management boosted its position in shares of Cohu by 3.0% in the first quarter. Sheets Smith Wealth Management now owns 14,644 shares of the semiconductor company’s stock worth $448,000 after purchasing an additional 420 shares during the period. Allworth Financial LP raised its position in shares of Cohu by 109.8% during the 2nd quarter. Allworth Financial LP now owns 879 shares of the semiconductor company’s stock valued at $65,000 after purchasing an additional 460 shares during the period. Nykredit A S purchased a new position in shares of Cohu during the 2nd quarter valued at $36,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new position in shares of Cohu during the 2nd quarter valued at $48,000. Finally, Illinois Municipal Retirement Fund boosted its holdings in Cohu by 3.5% in the 1st quarter. Illinois Municipal Retirement Fund now owns 24,993 shares of the semiconductor company’s stock worth $765,000 after buying an additional 839 shares during the period. Hedge funds and other institutional investors own 94.67% of the company’s stock.

Cohu Company Profile

Cohu, Inc is a semiconductor test and inspection equipment company that develops products used throughout the semiconductor manufacturing process. Its portfolio includes semiconductor test handlers, test contactors, inspection and metrology systems, thermal-management solutions, and software for managing and analyzing test data.

The company’s equipment helps semiconductor manufacturers and outsourced semiconductor assembly and test providers handle, connect, test, inspect, and characterize packaged semiconductor devices.