Cohu (NASDAQ:COHU) Director William Bendush Sells 7,500 Shares

Cohu, Inc. (NASDAQ:COHU) Director William Bendush sold 7,500 shares of the firm’s stock in a transaction dated Wednesday, May 13th. The shares were sold at an average price of $49.14, for a total value of $368,550.00. Following the transaction, the director directly owned 24,780 shares of the company’s stock, valued at $1,217,689.20. This represents a 23.23% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.

Cohu Stock Down 0.4%

COHU stock traded down $0.20 during midday trading on Thursday, reaching $48.96. The company had a trading volume of 1,661,064 shares, compared to its average volume of 1,565,784. The company has a 50 day moving average of $37.09 and a two-hundred day moving average of $30.08. The company has a current ratio of 6.43, a quick ratio of 5.31 and a debt-to-equity ratio of 0.37. Cohu, Inc. has a 1 year low of $16.46 and a 1 year high of $52.43. The company has a market capitalization of $2.31 billion, a P/E ratio of -41.14 and a beta of 1.61.

Cohu (NASDAQ:COHU) last issued its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.02). The business had revenue of $125.12 million during the quarter, compared to analyst estimates of $122.14 million. Cohu had a negative net margin of 11.54% and a negative return on equity of 3.50%. The company’s revenue for the quarter was up 29.3% compared to the same quarter last year. During the same period in the prior year, the business posted ($0.02) earnings per share. On average, equities research analysts expect that Cohu, Inc. will post 0.17 earnings per share for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts have recently commented on COHU shares. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cohu in a research note on Monday, April 20th. Evercore restated an “outperform” rating and issued a $53.00 price target on shares of Cohu in a research note on Tuesday, April 28th. Zacks Research upgraded Cohu from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. Stifel Nicolaus increased their price target on shares of Cohu from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, March 18th. Finally, Needham & Company LLC increased their price objective on shares of Cohu from $33.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Six analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $49.00.

Institutional Trading of Cohu

A number of hedge funds have recently bought and sold shares of the company. Essex Investment Management Co. LLC raised its position in Cohu by 31.4% during the 3rd quarter. Essex Investment Management Co. LLC now owns 192,846 shares of the semiconductor company’s stock valued at $3,921,000 after purchasing an additional 46,113 shares during the last quarter. Stanley Laman Group Ltd. increased its stake in shares of Cohu by 27.8% during the fourth quarter. Stanley Laman Group Ltd. now owns 195,536 shares of the semiconductor company’s stock valued at $4,550,000 after purchasing an additional 42,593 shares in the last quarter. First Eagle Investment Management LLC boosted its holdings in Cohu by 20.9% in the third quarter. First Eagle Investment Management LLC now owns 248,146 shares of the semiconductor company’s stock worth $5,045,000 after acquiring an additional 42,819 shares in the last quarter. Dean Capital Management grew its position in Cohu by 41.5% during the 3rd quarter. Dean Capital Management now owns 127,324 shares of the semiconductor company’s stock valued at $2,588,000 after purchasing an additional 37,345 shares during the last quarter. Finally, First National Bank of Omaha purchased a new position in shares of Cohu in the third quarter worth $484,000. Institutional investors own 94.67% of the company’s stock.

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.