Andrew Caggia Sells 15,252 Shares of Cohu (NASDAQ:COHU) Stock

Cohu, Inc. (NASDAQ:COHU) Director Andrew Caggia sold 15,252 shares of Cohu stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $51.74, for a total value of $789,138.48. Following the completion of the sale, the director directly owned 64,778 shares in the company, valued at $3,351,613.72. This represents a 19.06% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Cohu Stock Up 2.1%

COHU opened at $52.88 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.74 and a quick ratio of 4.72. Cohu, Inc. has a 12 month low of $18.67 and a 12 month high of $74.60. The stock has a market capitalization of $2.50 billion, a P/E ratio of -63.71 and a beta of 1.59. The business has a 50 day simple moving average of $56.70 and a 200-day simple moving average of $43.25.

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

Analyst Ratings Changes

COHU has been the subject of several recent analyst reports. Robert W. Baird assumed coverage on shares of Cohu in a research note on Wednesday, July 8th. They issued an “outperform” rating and a $65.00 price objective for the company. Needham & Company LLC increased their target price on shares of Cohu from $54.00 to $65.00 and gave the company a “buy” rating in a report on Friday, July 31st. Jefferies Financial Group reiterated a “buy” rating and set a $74.00 price target on shares of Cohu in a research report on Friday, July 31st. Weiss Ratings restated a “sell (d-)” rating on shares of Cohu in a report on Friday, July 17th. Finally, TD Cowen raised their price objective on Cohu from $60.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, June 16th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Buy” and a consensus target price of $68.75.

Institutional Trading of Cohu

Several institutional investors and hedge funds have recently modified their holdings of COHU. BlackRock Inc. purchased a new stake in Cohu in the 2nd quarter valued at approximately $545,932,000. SG Capital Management LLC purchased a new position in Cohu during the fourth quarter worth $33,174,000. Invesco Ltd. raised its holdings in shares of Cohu by 478.4% in the second quarter. Invesco Ltd. now owns 1,175,282 shares of the semiconductor company’s stock worth $22,612,000 after acquiring an additional 972,088 shares during the last quarter. Emerald Advisers LLC acquired a new position in shares of Cohu in the first quarter worth $23,887,000. Finally, Segall Bryant & Hamill LLC lifted its position in shares of Cohu by 125.5% in the first quarter. Segall Bryant & Hamill LLC now owns 955,344 shares of the semiconductor company’s stock valued at $29,253,000 after acquiring an additional 531,661 shares in the last quarter. Hedge funds and other institutional investors own 94.67% of the company’s stock.

Cohu Company Profile

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.