Insider Selling: Cohu (NASDAQ:COHU) CEO Sells $3,347,640.00 in Stock

Cohu, Inc. (NASDAQ:COHU) CEO Luis Muller sold 55,794 shares of Cohu stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $60.00, for a total transaction of $3,347,640.00. Following the completion of the sale, the chief executive officer directly owned 871,825 shares of the company’s stock, valued at $52,309,500. The trade was a 6.01% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 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 Down 0.1%

Shares of Cohu stock opened at $64.48 on Thursday. Cohu, Inc. has a fifty-two week low of $18.67 and a fifty-two week high of $74.60. The firm has a market cap of $3.05 billion, a PE ratio of -77.69 and a beta of 1.58. The business’s fifty day moving average is $52.51 and its two-hundred day moving average is $48.83. 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 announced its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates 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 business had revenue of $149.00 million during the quarter, compared to the consensus estimate of $144.20 million. During the same quarter in the previous year, the business earned $0.02 earnings per share. The business’s revenue for the quarter was up 38.3% on a year-over-year basis. Analysts anticipate that Cohu, Inc. will post 0.47 earnings per share for the current year.

Institutional Trading of Cohu

Institutional investors have recently modified their holdings of the company. Nykredit A S acquired a new position in Cohu during the second quarter valued at approximately $36,000. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Cohu during the second quarter worth approximately $48,000. Allworth Financial LP acquired a new stake in shares of Cohu in the second quarter worth $65,000. Hollencrest Capital Management acquired a new stake in shares of Cohu in the first quarter worth $31,000. Finally, Public Employees Retirement System of Ohio purchased a new position in shares of Cohu in the 2nd quarter valued at $79,000. Hedge funds and other institutional investors own 94.67% of the company’s stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on COHU. Stifel Nicolaus increased their price objective on shares of Cohu from $50.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, July 10th. TD Cowen boosted their target price on shares of Cohu from $60.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, June 16th. Craig Hallum reaffirmed a “buy” rating and set a $74.00 price target on shares of Cohu in a research report on Friday, July 31st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cohu in a research note on Friday, July 17th. Finally, Robert W. Baird began coverage on shares of Cohu in a report on Wednesday, July 8th. They issued an “outperform” rating and a $65.00 price target on the stock. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.75.

About Cohu

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.