Cohu, Inc. (NASDAQ:COHU – Get Free Report) shares gapped down prior to trading on Tuesday . The stock had previously closed at $58.70, but opened at $54.52. Cohu shares last traded at $53.4750, with a volume of 166,565 shares traded.
Wall Street Analysts Forecast Growth
Several equities analysts recently issued reports on COHU shares. Stifel Nicolaus lifted their price objective on shares of Cohu from $32.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, March 18th. B. Riley Financial restated a “buy” rating on shares of Cohu in a report on Monday, April 20th. Zacks Research raised Cohu from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cohu in a report on Monday, April 20th. Finally, Evercore reissued an “outperform” rating and issued a $53.00 price target on shares of Cohu in a research report on Tuesday, April 28th. Six analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $54.14.
Check Out Our Latest Report on Cohu
Cohu Stock Up 2.3%
Cohu (NASDAQ:COHU – Get Free Report) last issued its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.02). The business had revenue of $125.12 million for the quarter, compared to analysts’ expectations of $122.14 million. Cohu had a negative net margin of 11.54% and a negative return on equity of 3.50%. The business’s revenue for the quarter was up 29.3% on a year-over-year basis. During the same quarter in the prior year, the company posted ($0.02) EPS. On average, analysts forecast that Cohu, Inc. will post 0.17 EPS for the current year.
Insider Activity at Cohu
In related news, CEO Luis A. Muller sold 45,154 shares of the stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $46.62, for a total value of $2,105,079.48. Following the completion of the transaction, the chief executive officer directly owned 927,619 shares of the company’s stock, valued at $43,245,597.78. This trade represents a 4.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 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 Cohu stock in a transaction that occurred on Wednesday, May 20th. The stock was sold at an average price of $44.85, for a total transaction of $460,026.45. Following the completion of the sale, the director owned 52,272 shares of the company’s stock, valued at $2,344,399.20. This trade represents a 16.40% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 90,668 shares of company stock worth $4,248,016 over the last ninety days. Corporate insiders own 3.05% of the company’s stock.
Institutional Inflows and Outflows
Hedge funds and other institutional investors have recently made changes to their positions in the stock. Hollencrest Capital Management purchased a new stake in shares of Cohu during the first quarter valued at $31,000. Farther Finance Advisors LLC raised its stake in Cohu by 45.0% in the 4th quarter. Farther Finance Advisors LLC now owns 1,456 shares of the semiconductor company’s stock worth $34,000 after acquiring an additional 452 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in Cohu during the 4th quarter worth about $34,000. Los Angeles Capital Management LLC acquired a new stake in Cohu during the 4th quarter worth about $37,000. Finally, Smartleaf Asset Management LLC grew its stake in Cohu by 202.7% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,113 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 1,415 shares during the last quarter. 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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