Cohu, Inc. (NASDAQ:COHU – Get Free Report) shares reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as $69.63 and last traded at $62.41, with a volume of 1957104 shares trading hands. The stock had previously closed at $64.05.
Analyst Ratings Changes
Several equities analysts have issued reports on COHU shares. B. Riley Financial reiterated a “buy” rating on shares of Cohu in a research note on Monday, April 20th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cohu in a research note on Monday, April 20th. Evercore reiterated an “outperform” rating and issued a $53.00 target price on shares of Cohu in a research note on Tuesday, April 28th. Stifel Nicolaus lifted their target price on Cohu from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, March 18th. Finally, Jefferies Financial Group set a $60.00 target price on Cohu and gave the company a “buy” rating in a research note on Friday, May 1st. Six equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $52.33.
View Our Latest Analysis on COHU
Cohu Price Performance
Cohu (NASDAQ:COHU – Get Free Report) last issued its quarterly earnings results 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). Cohu had a negative return on equity of 3.50% and a negative net margin of 11.54%.The business had revenue of $125.12 million for the quarter, compared to analysts’ expectations of $122.14 million. During the same quarter in the previous year, the firm posted ($0.02) EPS. Cohu’s revenue was up 29.3% on a year-over-year basis. As a group, equities analysts expect that Cohu, Inc. will post 0.17 earnings per share for the current year.
Insider Buying and Selling at Cohu
In other news, SVP Christopher Bohrson sold 1,000 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $63.88, for a total transaction of $63,880.00. Following the sale, the senior vice president owned 171,702 shares in the company, valued at approximately $10,968,323.76. The trade was a 0.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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. Also, Director Steven J. Bilodeau sold 10,257 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $44.85, for a total value of $460,026.45. Following the sale, the director owned 52,272 shares in the company, valued at $2,344,399.20. The trade was a 16.40% decrease in their position. The disclosure for this sale is available in the SEC filing. In the last three months, insiders have sold 90,668 shares of company stock valued at $4,248,016. Insiders own 3.05% of the company’s stock.
Institutional Investors Weigh In On Cohu
A number of large investors have recently modified their holdings of the business. Hollencrest Capital Management acquired a new stake in shares of Cohu during the first quarter worth about $31,000. Farther Finance Advisors LLC lifted its holdings 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 worth $34,000 after purchasing an additional 452 shares during the period. Kestra Advisory Services LLC acquired a new stake in shares of Cohu during the fourth quarter worth about $34,000. Los Angeles Capital Management LLC acquired a new stake in shares of Cohu during the fourth quarter worth about $37,000. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Cohu by 202.7% during the second quarter. Smartleaf Asset Management LLC now owns 2,113 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 1,415 shares during the period. 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.
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