Cohu, Inc. (NASDAQ:COHU – Get Free Report) Director William Bendush sold 7,500 shares of the stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $49.14, for a total transaction of $368,550.00. Following the completion of the sale, the director directly owned 24,780 shares of the company’s stock, valued at approximately $1,217,689.20. This trade represents a 23.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan.
Cohu Price Performance
COHU stock traded down $0.20 during midday trading on Thursday, hitting $48.96. The company’s stock had a trading volume of 1,661,064 shares, compared to its average volume of 1,565,784. The company has a quick ratio of 5.31, a current ratio of 6.43 and a debt-to-equity ratio of 0.37. The company has a 50 day moving average of $37.09 and a two-hundred day moving average of $30.08. Cohu, Inc. has a 12 month low of $16.46 and a 12 month high of $52.43. The firm has a market capitalization of $2.31 billion, a price-to-earnings ratio of -41.14 and a beta of 1.61.
Cohu (NASDAQ:COHU – Get Free Report) last posted its 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 during the quarter, compared to the consensus estimate of $122.14 million. During the same quarter last year, the firm earned ($0.02) earnings per share. The business’s quarterly revenue was up 29.3% on a year-over-year basis. On average, analysts expect that Cohu, Inc. will post 0.17 EPS for the current year.
Wall Street Analyst Weigh In
Read Our Latest Research Report on COHU
Institutional Investors Weigh In On Cohu
Several institutional investors have recently modified their holdings of COHU. Vanguard Personalized Indexing Management LLC grew its stake in Cohu by 2.1% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 16,231 shares of the semiconductor company’s stock valued at $378,000 after acquiring an additional 332 shares during the last quarter. Sheets Smith Wealth Management grew its holdings in Cohu by 3.0% in the first quarter. Sheets Smith Wealth Management now owns 14,644 shares of the semiconductor company’s stock valued at $448,000 after purchasing an additional 420 shares during the period. US Bancorp DE raised its position in shares of Cohu by 4.6% in the 3rd quarter. US Bancorp DE now owns 9,847 shares of the semiconductor company’s stock worth $200,000 after buying an additional 432 shares during the period. Farther Finance Advisors LLC raised its holdings in Cohu by 45.0% in the fourth quarter. Farther Finance Advisors LLC now owns 1,456 shares of the semiconductor company’s stock valued at $34,000 after buying an additional 452 shares during the period. Finally, Amalgamated Bank raised its holdings in shares of Cohu by 3.4% during the 3rd quarter. Amalgamated Bank now owns 13,712 shares of the semiconductor company’s stock valued at $279,000 after buying an additional 457 shares during the period. Hedge funds and other 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.
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