Cohu, Inc. (NASDAQ:COHU) Director Sells $120,675.86 in Stock

Cohu, Inc. (NASDAQ:COHU) Director Nina Richardson sold 4,999 shares of Cohu stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $24.14, for a total transaction of $120,675.86. Following the transaction, the director now directly owns 28,313 shares of the company’s stock, valued at $683,475.82. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Cohu Price Performance

COHU opened at $25.18 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.95 and a quick ratio of 5.09. The company’s 50 day simple moving average is $25.18 and its 200-day simple moving average is $29.15. Cohu, Inc. has a one year low of $22.80 and a one year high of $36.60. The stock has a market capitalization of $1.19 billion, a P/E ratio of -503.60 and a beta of 1.53.

Cohu (NASDAQ:COHU) last announced its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.03). Cohu had a negative net margin of 5.70% and a positive return on equity of 1.27%. The firm had revenue of $104.70 million during the quarter, compared to the consensus estimate of $105.00 million. Sell-side analysts anticipate that Cohu, Inc. will post -0.41 earnings per share for the current fiscal year.

Institutional Trading of Cohu

Several institutional investors and hedge funds have recently added to or reduced their stakes in COHU. Mackenzie Financial Corp grew its position in shares of Cohu by 5.6% during the 2nd quarter. Mackenzie Financial Corp now owns 7,939 shares of the semiconductor company’s stock worth $263,000 after buying an additional 419 shares during the period. Wedge Capital Management L L P NC grew its holdings in Cohu by 1.0% during the 2nd quarter. Wedge Capital Management L L P NC now owns 47,223 shares of the semiconductor company’s stock worth $1,563,000 after acquiring an additional 466 shares during the period. Oak Associates Ltd. OH raised its position in shares of Cohu by 0.6% during the 2nd quarter. Oak Associates Ltd. OH now owns 83,704 shares of the semiconductor company’s stock valued at $2,771,000 after acquiring an additional 521 shares during the last quarter. Texas Permanent School Fund Corp lifted its stake in shares of Cohu by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 41,576 shares of the semiconductor company’s stock valued at $1,386,000 after purchasing an additional 539 shares during the period. Finally, Linden Thomas Advisory Services LLC boosted its position in shares of Cohu by 1.7% in the 2nd quarter. Linden Thomas Advisory Services LLC now owns 34,091 shares of the semiconductor company’s stock worth $1,128,000 after purchasing an additional 555 shares during the last quarter. 94.67% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

COHU has been the subject of a number of research analyst reports. StockNews.com cut shares of Cohu from a “hold” rating to a “sell” rating in a research note on Friday, August 2nd. Needham & Company LLC cut their price objective on Cohu from $37.00 to $33.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Finally, Citigroup lowered Cohu from a “buy” rating to a “neutral” rating and set a $36.00 price objective on the stock. in a research note on Monday, July 15th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $35.00.

Cohu Company Profile

Cohu, Inc, through its subsidiaries, provides semiconductor test equipment and services in China, the United States, Taiwan, Malaysia, the Philippines, and internationally. The company supplies semiconductor test and inspection handlers, micro-electromechanical system (MEMS) test modules, test contactors, thermal sub-systems, and semiconductor automated test equipment for semiconductor manufacturers and test subcontractors.