Cohu, Inc. (NASDAQ:COHU – Get Free Report)’s stock price was down 4.8% during mid-day trading on Thursday . The company traded as low as $43.37 and last traded at $43.5360. Approximately 69,540 shares changed hands during mid-day trading, a decline of 94% from the average session volume of 1,117,290 shares. The stock had previously closed at $45.75.
Analysts Set New Price Targets
COHU has been the topic of a number of recent research reports. Zacks Research cut Cohu from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 28th. B. Riley Financial boosted their price objective on Cohu from $65.00 to $69.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Jefferies Financial Group reaffirmed a “buy” rating and set a $74.00 price objective on shares of Cohu in a report on Friday, July 31st. TD Cowen lifted their target price on shares of Cohu from $60.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, June 16th. Finally, Stifel Nicolaus boosted their price target on shares of Cohu from $50.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, July 10th. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, Cohu currently has a consensus rating of “Moderate Buy” and an average target price of $68.75.
Check Out Our Latest Stock Analysis on COHU
Cohu Stock Performance
Cohu (NASDAQ:COHU – Get Free Report) last issued its earnings results on Thursday, July 30th. The semiconductor company reported $0.26 EPS for the quarter, topping the consensus estimate 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 last year, the company earned $0.02 EPS. The firm’s revenue was up 38.3% compared to the same quarter last year. Analysts predict that Cohu, Inc. will post 0.47 EPS for the current fiscal year.
Insider Activity at Cohu
In related news, Director Nina Richardson sold 3,055 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $51.54, for a total transaction of $157,454.70. Following the sale, the director owned 39,093 shares of the company’s stock, valued at approximately $2,014,853.22. This represents a 7.25% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Andrew M. Caggia sold 15,252 shares of the stock in a transaction that occurred on Wednesday, August 5th. The stock was sold at an average price of $51.74, for a total transaction of $789,138.48. Following the completion of the sale, the director owned 64,778 shares in the company, valued at $3,351,613.72. This represents a 19.06% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 30,307 shares of company stock valued at $1,630,573. Corporate insiders own 3.05% of the company’s stock.
Hedge Funds Weigh In On Cohu
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Vanguard Personalized Indexing Management LLC grew its position in Cohu by 2.1% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 16,231 shares of the semiconductor company’s stock valued at $378,000 after buying an additional 332 shares during the period. Sheets Smith Wealth Management boosted its stake in shares of Cohu by 3.0% during the 1st quarter. Sheets Smith Wealth Management now owns 14,644 shares of the semiconductor company’s stock worth $448,000 after acquiring an additional 420 shares during the last quarter. US Bancorp DE boosted its stake in shares of Cohu by 4.6% during the 3rd quarter. US Bancorp DE now owns 9,847 shares of the semiconductor company’s stock worth $200,000 after acquiring an additional 432 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of Cohu by 45.0% during the 4th quarter. Farther Finance Advisors LLC now owns 1,456 shares of the semiconductor company’s stock valued at $34,000 after acquiring an additional 452 shares during the period. Finally, Nykredit A S purchased a new stake in shares of Cohu in the 2nd quarter worth $36,000. 94.67% of the stock is currently 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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