Steven Bilodeau Sells 10,257 Shares of Cohu (NASDAQ:COHU) Stock
by Amy Steele · The Cerbat GemCohu, Inc. (NASDAQ:COHU – Get Free Report) Director Steven Bilodeau sold 10,257 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $44.85, for a total transaction of $460,026.45. Following the transaction, the director owned 52,272 shares in the company, valued at $2,344,399.20. The trade was a 16.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link.
Cohu Price Performance
COHU traded up $0.88 on Friday, reaching $46.53. 734,669 shares of the company’s stock were exchanged, compared to its average volume of 984,813. The stock has a market cap of $2.19 billion, a PE ratio of -39.10 and a beta of 1.61. Cohu, Inc. has a twelve month low of $16.46 and a twelve month high of $52.43. The stock’s fifty day moving average price is $38.73 and its 200-day moving average price is $30.83. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.43 and a quick ratio of 5.31.
Cohu (NASDAQ:COHU – Get Free Report) last posted its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The business had revenue of $125.12 million for the quarter, compared to analyst estimates of $122.14 million. Cohu had a negative return on equity of 3.50% and a negative net margin of 11.54%.The business’s revenue was up 29.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.02) earnings per share. Sell-side analysts expect that Cohu, Inc. will post 0.17 EPS for the current year.
Hedge Funds Weigh In On Cohu
Large investors have recently made changes to their positions in the stock. Essex Investment Management Co. LLC lifted its holdings in shares of Cohu by 31.4% in the 3rd quarter. Essex Investment Management Co. LLC now owns 192,846 shares of the semiconductor company’s stock worth $3,921,000 after acquiring an additional 46,113 shares during the last quarter. Stanley Laman Group Ltd. increased its stake in Cohu by 27.8% during the 4th quarter. Stanley Laman Group Ltd. now owns 195,536 shares of the semiconductor company’s stock worth $4,550,000 after buying an additional 42,593 shares during the period. Dean Capital Management increased its stake in Cohu by 41.5% during the 3rd quarter. Dean Capital Management now owns 127,324 shares of the semiconductor company’s stock worth $2,588,000 after buying an additional 37,345 shares during the period. First Eagle Investment Management LLC increased its stake in Cohu by 20.9% during the 3rd quarter. First Eagle Investment Management LLC now owns 248,146 shares of the semiconductor company’s stock worth $5,045,000 after buying an additional 42,819 shares during the period. Finally, First National Bank of Omaha purchased a new stake in Cohu during the 3rd quarter worth approximately $484,000. 94.67% of the stock is currently owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
Several equities analysts have weighed in on COHU shares. Jefferies Financial Group set a $60.00 target price on shares of Cohu and gave the company a “buy” rating in a report on Friday, May 1st. Needham & Company LLC boosted their target price on shares of Cohu from $33.00 to $54.00 and gave the company a “buy” rating in a report on Friday, May 1st. Stifel Nicolaus boosted their target price on shares of Cohu from $32.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, March 18th. Zacks Research upgraded shares of Cohu from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Cohu in a report on Monday, April 20th. Six analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $49.00.
Check Out Our Latest Analysis on COHU
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.