Cohu, Inc. (NASDAQ:COHU) Director Sells $73,175.00 in Stock

Cohu, Inc. (NASDAQ:COHUGet Free Report) Director William Bendush sold 2,500 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $29.27, for a total transaction of $73,175.00. Following the sale, the director now owns 34,162 shares in the company, valued at $999,921.74. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website.

William Bendush also recently made the following trade(s):

  • On Monday, May 13th, William Bendush sold 2,591 shares of Cohu stock. The stock was sold at an average price of $29.83, for a total transaction of $77,289.53.

Cohu Stock Performance

COHU opened at $29.55 on Friday. The company has a current ratio of 6.29, a quick ratio of 4.63 and a debt-to-equity ratio of 0.01. Cohu, Inc. has a one year low of $28.57 and a one year high of $43.99. The business’s 50-day simple moving average is $30.81 and its 200-day simple moving average is $32.23.

Cohu (NASDAQ:COHUGet Free Report) last issued its earnings results on Thursday, February 15th. The semiconductor company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.01. The business had revenue of $137.23 million for the quarter, compared to the consensus estimate of $136.94 million. Cohu had a negative net margin of 0.38% and a positive return on equity of 3.91%. The business’s quarterly revenue was down 28.2% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.63 earnings per share. Analysts forecast that Cohu, Inc. will post -0.07 EPS for the current year.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Citigroup decreased their price target on shares of Cohu from $40.00 to $36.00 and set a “buy” rating for the company in a research report on Monday, May 6th. Needham & Company LLC cut their price target on Cohu from $36.00 to $34.00 and set a “buy” rating on the stock in a report on Monday, May 6th. B. Riley decreased their price objective on Cohu from $45.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, May 3rd. TD Cowen cut their target price on shares of Cohu from $40.00 to $36.00 and set a “buy” rating on the stock in a research note on Friday, May 3rd. Finally, Craig Hallum decreased their price target on shares of Cohu from $35.00 to $30.00 and set a “hold” rating for the company in a research note on Friday, May 3rd. Two investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $37.33.

Read Our Latest Research Report on COHU

Institutional Investors Weigh In On Cohu

Hedge funds have recently added to or reduced their stakes in the company. Meeder Asset Management Inc. purchased a new position in shares of Cohu during the 4th quarter worth approximately $35,000. Teza Capital Management LLC purchased a new position in Cohu in the third quarter worth $212,000. Altfest L J & Co. Inc. purchased a new stake in shares of Cohu during the 4th quarter worth $250,000. TFO Wealth Partners LLC increased its holdings in shares of Cohu by 10,587.5% in the 4th quarter. TFO Wealth Partners LLC now owns 855 shares of the semiconductor company’s stock valued at $283,000 after purchasing an additional 847 shares in the last quarter. Finally, ProShare Advisors LLC lifted its stake in shares of Cohu by 7.4% in the first quarter. ProShare Advisors LLC now owns 9,433 shares of the semiconductor company’s stock valued at $314,000 after purchasing an additional 649 shares during the period. Institutional investors and hedge funds own 94.67% of the company’s stock.

About Cohu

(Get Free Report)

Cohu, Inc, through its subsidiaries, provides semiconductor test equipment and services in China, the United States, Taiwan, Malaysia, the Philippines, and internationally. The company supplies semiconductor test and inspection handlers, micro-electromechanical system (MEMS) test modules, test contactors, thermal sub-systems, and semiconductor automated test equipment for semiconductor manufacturers and test subcontractors.

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