Luis Muller Sells 45,154 Shares of Cohu (NASDAQ:COHU) Stock

Cohu, Inc. (NASDAQ:COHU – Get Free Report) CEO Luis Muller sold 45,154 shares of the stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $46.62, for a total transaction of $2,105,079.48. Following the completion of the transaction, the chief executive officer directly owned 927,619 shares in the company, valued at approximately $43,245,597.78. This represents a 4.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Cohu Stock Performance

Cohu stock traded up $3.40 during trading hours on Tuesday, hitting $49.93. The company had a trading volume of 2,631,570 shares, compared to its average volume of 1,335,655. The firm has a market cap of $2.36 billion, a PE ratio of -41.96 and a beta of 1.61. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.43 and a quick ratio of 5.31. Cohu, Inc. has a one year low of $16.95 and a one year high of $52.43. The firm has a 50-day moving average of $39.92 and a 200 day moving average of $31.34.

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Cohu (NASDAQ:COHU – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.02). The company had revenue of $125.12 million during 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 firm’s revenue was up 29.3% compared to the same quarter last year. During the same period in the prior year, the company earned ($0.02) earnings per share. On average, sell-side analysts expect that Cohu, Inc. will post 0.17 earnings per share for the current year.

Wall Street Analyst Weigh In

Several brokerages have recently commented on COHU. Zacks Research raised shares of Cohu from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Stifel Nicolaus raised their target price on shares of Cohu from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, March 18th. Needham & Company LLC raised their target price on shares of Cohu from $33.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Evercore reaffirmed an “outperform” rating and set a $53.00 target price on shares of Cohu in a report on Tuesday, April 28th. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Cohu in a report on Monday, April 20th. Six equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $49.00.

Get Our Latest Stock Analysis on COHU

Institutional Trading of Cohu

Large investors have recently made changes to their positions in the company. Essex Investment Management Co. LLC boosted its position in shares of Cohu by 31.4% during the 3rd quarter. Essex Investment Management Co. LLC now owns 192,846 shares of the semiconductor company’s stock worth $3,921,000 after acquiring an additional 46,113 shares in the last quarter. Stanley Laman Group Ltd. boosted its position in shares of Cohu by 27.8% during the 4th quarter. Stanley Laman Group Ltd. now owns 195,536 shares of the semiconductor company’s stock worth $4,550,000 after acquiring an additional 42,593 shares in the last quarter. Dean Capital Management boosted its position in shares of Cohu by 41.5% during the 3rd quarter. Dean Capital Management now owns 127,324 shares of the semiconductor company’s stock worth $2,588,000 after acquiring an additional 37,345 shares in the last quarter. First Eagle Investment Management LLC boosted its position in shares of Cohu by 20.9% during the 3rd quarter. First Eagle Investment Management LLC now owns 248,146 shares of the semiconductor company’s stock worth $5,045,000 after acquiring an additional 42,819 shares in the last quarter. Finally, First National Bank of Omaha acquired a new stake in shares of Cohu during the 3rd quarter worth approximately $484,000. Institutional investors and hedge funds 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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