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

Cohu, Inc. (NASDAQ:COHUGet 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:COHUGet 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

Several analysts have commented on COHU shares. Evercore reissued an “outperform” rating and set a $53.00 price target on shares of Cohu in a research report on Tuesday, April 28th. Stifel Nicolaus lifted their price objective on Cohu from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, March 18th. Zacks Research raised shares of Cohu from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. B. Riley Financial reissued a “buy” rating on shares of Cohu in a report on Monday, April 20th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cohu in a research note on Monday, April 20th. Six equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $49.00.

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

(Get Free Report)

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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