Nina Richardson Sells 4,999 Shares of Cohu, Inc. (NASDAQ:COHU) Stock

Cohu, Inc. (NASDAQ:COHU) Director Nina Richardson sold 4,999 shares of the stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $24.14, for a total value of $120,675.86. Following the completion of the transaction, the director now directly owns 28,313 shares in the company, valued at approximately $683,475.82. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Cohu Stock Performance

COHU stock traded down $0.90 during mid-day trading on Tuesday, hitting $25.21. 556,654 shares of the company were exchanged, compared to its average volume of 309,791. The business has a 50 day simple moving average of $25.16 and a 200-day simple moving average of $29.26. The company has a current ratio of 6.95, a quick ratio of 5.09 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $1.19 billion, a PE ratio of -504.20 and a beta of 1.53. Cohu, Inc. has a 1-year low of $22.80 and a 1-year high of $36.60.

Cohu (NASDAQ:COHU) last announced its quarterly earnings data 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 firm had revenue of $104.70 million during the quarter, compared to the consensus estimate of $105.00 million. Cohu had a negative net margin of 5.70% and a positive return on equity of 1.27%. On average, equities analysts forecast that Cohu, Inc. will post -0.41 earnings per share for the current year.

Institutional Trading of Cohu

Institutional investors and hedge funds have recently bought and sold shares of the stock. Tributary Capital Management LLC bought a new position in shares of Cohu during the 2nd quarter worth about $11,781,000. Bank of New York Mellon Corp lifted its position in Cohu by 54.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 905,309 shares of the semiconductor company’s stock valued at $29,966,000 after acquiring an additional 320,234 shares in the last quarter. Vanguard Group Inc. increased its stake in Cohu by 3.3% in the 1st quarter. Vanguard Group Inc. now owns 4,303,097 shares of the semiconductor company’s stock valued at $143,422,000 after buying an additional 137,475 shares during the last quarter. Envestnet Asset Management Inc. increased its stake in Cohu by 529.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 70,880 shares of the semiconductor company’s stock valued at $2,346,000 after buying an additional 59,617 shares during the last quarter. Finally, Hantz Financial Services Inc. purchased a new stake in Cohu in the 2nd quarter valued at about $1,786,000. 94.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

COHU has been the topic of a number of analyst reports. Citigroup downgraded Cohu from a “buy” rating to a “neutral” rating and set a $36.00 price target on the stock. in a research note on Monday, July 15th. StockNews.com cut Cohu from a “hold” rating to a “sell” rating in a report on Friday, August 2nd. Finally, Needham & Company LLC decreased their price objective on Cohu from $37.00 to $33.00 and set a “buy” rating for the company in a report on Thursday, August 1st. One research analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $35.00.

About Cohu

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.