Cohu, Inc. (NASDAQ:COHU – Get Free Report) Director Nina Richardson sold 4,999 shares of the firm’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $24.14, for a total transaction of $120,675.86. Following the completion of the transaction, the director now directly owns 28,313 shares of the company’s stock, valued at approximately $683,475.82. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.
Cohu Trading Down 3.4 %
Shares of Cohu stock traded down $0.90 on Tuesday, reaching $25.21. The company had a trading volume of 556,654 shares, compared to its average volume of 309,791. The firm’s 50 day moving average price is $25.16 and its two-hundred day moving average price is $29.26. The firm has a market cap of $1.19 billion, a PE ratio of -504.20 and a beta of 1.53. Cohu, Inc. has a 52-week low of $22.80 and a 52-week high of $36.60. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.09 and a current ratio of 6.95.
Cohu (NASDAQ:COHU – Get Free Report) last released its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.03). The company had revenue of $104.70 million during the quarter, compared to analysts’ expectations of $105.00 million. Cohu had a negative net margin of 5.70% and a positive return on equity of 1.27%. Sell-side analysts predict that Cohu, Inc. will post -0.41 earnings per share for the current fiscal year.
Institutional Inflows and Outflows
Analyst Upgrades and Downgrades
A number of research analysts recently commented on the company. StockNews.com cut Cohu from a “hold” rating to a “sell” rating in a research note on Friday, August 2nd. Needham & Company LLC lowered their target price on shares of Cohu from $37.00 to $33.00 and set a “buy” rating for the company in a report on Thursday, August 1st. Finally, Citigroup downgraded shares of Cohu from a “buy” rating to a “neutral” rating and set a $36.00 price objective for the company. in a research report on Monday, July 15th. One investment analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $35.00.
View Our Latest Report on COHU
Cohu Company Profile
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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