Cohu, Inc. (NASDAQ:COHU – Get Free Report) gapped up before the market opened on Friday. The stock had previously closed at $34.90, but opened at $38.52. Cohu shares last traded at $37.1020, with a volume of 108,782 shares trading hands.
Analyst Ratings Changes
A number of research firms have issued reports on COHU. Craig Hallum reiterated a “buy” rating and issued a $74.00 price objective on shares of Cohu in a report on Friday, July 31st. Zacks Research cut shares of Cohu from a “strong-buy” rating to a “hold” rating in a report on Friday, August 28th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $90.00 target price on shares of Cohu in a research report on Thursday, October 29th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cohu in a research note on Thursday, October 15th. Finally, Stifel Nicolaus lifted their price target on shares of Cohu from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, October 29th. One analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $74.38.
Cohu Trading Up 6.5%
The company has a debt-to-equity ratio of 0.36, a quick ratio of 4.24 and a current ratio of 5.16. The company has a market cap of $1.76 billion, a P/E ratio of -71.43 and a beta of 1.60. The stock has a 50-day moving average of $56.38 and a two-hundred day moving average of $47.26.
Cohu (NASDAQ:COHU – Get Free Report) last announced its quarterly earnings data on Wednesday, October 28th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.35 by $0.08. Cohu had a positive return on equity of 1.47% and a negative net margin of 3.97%. The business had revenue of $172.96 million during the quarter, compared to analysts’ expectations of $170.25 million. During the same quarter in the previous year, the business earned ($0.06) earnings per share. The firm’s quarterly revenue was up 37.0% compared to the same quarter last year. On average, equities research analysts predict that Cohu, Inc. will post 0.63 earnings per share for the current year.
Insider Activity
In other Cohu news, CEO Luis Muller sold 55,794 shares of the firm’s stock in a transaction dated Monday, September 21st. The shares were sold at an average price of $60.00, for a total transaction of $3,347,640.00. Following the completion of the sale, the chief executive officer directly owned 871,825 shares in the company, 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 can be accessed through this hyperlink. 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. Also, SVP Christopher Bohrson sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $55.82, for a total transaction of $558,200.00. Following the sale, the senior vice president owned 159,702 shares of the company’s stock, valued at approximately $8,914,565.64. This represents a 5.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last ninety days, insiders sold 116,692 shares of company stock valued at $7,374,716. 3.05% of the stock is owned by insiders.
Institutional Investors Weigh In On Cohu
Institutional investors and hedge funds have recently made changes to their positions in the company. CoreCap Advisors LLC raised its holdings in Cohu by 150.0% in the 3rd quarter. CoreCap Advisors LLC now owns 500 shares of the semiconductor company’s stock worth $34,000 after acquiring an additional 300 shares during the last quarter. Fortitude Family Office LLC boosted its stake in Cohu by 147.9% during the 3rd quarter. Fortitude Family Office LLC now owns 528 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 315 shares during the last quarter. Parallel Advisors LLC boosted its stake in Cohu by 17.7% during the 3rd quarter. Parallel Advisors LLC now owns 2,510 shares of the semiconductor company’s stock valued at $171,000 after purchasing an additional 378 shares during the last quarter. Choreo LLC increased its holdings in shares of Cohu by 12.0% in the 3rd quarter. Choreo LLC now owns 4,187 shares of the semiconductor company’s stock worth $285,000 after purchasing an additional 450 shares in the last quarter. Finally, Allworth Financial LP raised its stake in shares of Cohu by 109.8% in the second quarter. Allworth Financial LP now owns 879 shares of the semiconductor company’s stock worth $65,000 after purchasing an additional 460 shares during the last quarter. Institutional investors own 94.67% of the company’s stock.
About Cohu
Cohu, Inc is a global provider of semiconductor test and inspection equipment and related services. The company supplies solutions used by semiconductor manufacturers and outsourced semiconductor assembly and test providers to evaluate devices during production, helping improve manufacturing quality, reliability and efficiency.
Cohu’s product portfolio includes semiconductor test handlers, contactors and other interface products, inspection and metrology systems, thermal-management equipment, and software for test-data analysis and factory automation.
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