Shares of Cohu, Inc. (NASDAQ:COHU – Get Free Report) shot up 8.3% during trading on Tuesday . The stock traded as high as $67.81 and last traded at $69.3820. 159,300 shares were traded during trading, a decline of 85% from the average session volume of 1,089,691 shares. The stock had previously closed at $64.05.
Analyst Ratings Changes
COHU has been the subject of a number of recent research reports. Zacks Research raised shares of Cohu from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. Evercore reissued an “outperform” rating and issued a $53.00 price objective on shares of Cohu in a research note on Tuesday, April 28th. B. Riley Financial reissued a “buy” rating on shares of Cohu in a research note on Monday, April 20th. TD Cowen reissued a “buy” rating on shares of Cohu in a research note on Tuesday. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Cohu in a research note on Monday, April 20th. Six investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, Cohu presently has an average rating of “Moderate Buy” and an average price target of $49.00.
Get Our Latest Stock Analysis on Cohu
Cohu Price Performance
Cohu (NASDAQ:COHU – Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The firm had revenue of $125.12 million for the quarter, compared to the consensus estimate 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 was up 29.3% on a year-over-year basis. During the same quarter last year, the firm earned ($0.02) EPS. Equities research analysts forecast that Cohu, Inc. will post 0.17 earnings per share for the current fiscal year.
Insider Activity
In other news, Director James A. Donahue sold 10,257 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $46.77, for a total transaction of $479,719.89. Following the completion of the sale, the director directly owned 3,578 shares of the company’s stock, valued at approximately $167,343.06. The trade was a 74.14% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven J. Bilodeau sold 10,257 shares of the business’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $44.85, for a total transaction of $460,026.45. Following the sale, the director directly owned 52,272 shares of the company’s stock, valued at $2,344,399.20. This represents a 16.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 89,668 shares of company stock valued at $4,184,136. Insiders own 3.05% of the company’s stock.
Institutional Trading of Cohu
Large investors have recently made changes to their positions in the stock. Bessemer Group Inc. boosted its stake in shares of Cohu by 45.4% during the third quarter. Bessemer Group Inc. now owns 1,564 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 488 shares during the period. Hollencrest Capital Management purchased a new stake in shares of Cohu during the first quarter valued at $31,000. Farther Finance Advisors LLC boosted its stake in shares of Cohu by 45.0% during the fourth quarter. Farther Finance Advisors LLC now owns 1,456 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 452 shares during the period. Kestra Advisory Services LLC purchased a new stake in shares of Cohu during the fourth quarter valued at $34,000. Finally, Los Angeles Capital Management LLC purchased a new stake in Cohu in the fourth quarter worth about $37,000. 94.67% of the stock is owned by hedge funds and other institutional investors.
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.
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