Cohu, Inc. (NASDAQ:COHU – Get Free Report) CEO Luis Muller sold 55,794 shares of the company’s stock in a transaction dated Monday, September 21st. The stock was sold at an average price of $60.00, for a total value of $3,347,640.00. Following the completion of the transaction, the chief executive officer directly owned 871,825 shares of the company’s stock, valued at approximately $52,309,500. This trade represents a 6.01% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.
Cohu Price Performance
Shares of NASDAQ:COHU traded up $2.87 during trading on Monday, hitting $60.62. 1,386,456 shares of the company’s stock were exchanged, compared to its average volume of 925,726. The business’s 50-day simple moving average is $52.15 and its 200 day simple moving average is $48.33. The company has a market cap of $2.87 billion, a price-to-earnings ratio of -73.04 and a beta of 1.58. Cohu, Inc. has a 52-week low of $18.67 and a 52-week high of $74.60. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.74 and a quick ratio of 4.72.
Cohu (NASDAQ:COHU – Get Free Report) last posted its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates 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 company had revenue of $149.00 million for the quarter, compared to analysts’ expectations of $144.20 million. During the same period in the previous year, the firm earned $0.02 EPS. The firm’s revenue was up 38.3% compared to the same quarter last year. As a group, equities analysts predict that Cohu, Inc. will post 0.47 EPS for the current year.
Wall Street Analyst Weigh In
View Our Latest Analysis on Cohu
Institutional Investors Weigh In On Cohu
Large investors have recently bought and sold shares of the business. BlackRock Inc. purchased a new position in Cohu in the second quarter worth about $545,932,000. The Manufacturers Life Insurance Company purchased a new stake in Cohu during the second quarter valued at approximately $77,814,000. Emerald Advisers LLC purchased a new stake in Cohu during the first quarter valued at approximately $23,887,000. Paradigm Capital Management Inc. NY bought a new stake in shares of Cohu in the 2nd quarter valued at approximately $42,794,000. Finally, Segall Bryant & Hamill LLC boosted its holdings in shares of Cohu by 125.5% in the 1st quarter. Segall Bryant & Hamill LLC now owns 955,344 shares of the semiconductor company’s stock worth $29,253,000 after purchasing an additional 531,661 shares during the period. Institutional investors own 94.67% of the company’s stock.
About Cohu
Cohu, Inc is a semiconductor test and inspection equipment company that develops products used throughout the semiconductor manufacturing process. Its portfolio includes semiconductor test handlers, test contactors, inspection and metrology systems, thermal-management solutions, and software for managing and analyzing test data.
The company’s equipment helps semiconductor manufacturers and outsourced semiconductor assembly and test providers handle, connect, test, inspect, and characterize packaged semiconductor devices.
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