Insider Selling: Cohu, Inc. (NASDAQ:COHU) Director Sells 4,999 Shares of Stock

Cohu, Inc. (NASDAQ:COHU) Director Nina Richardson sold 4,999 shares of the company’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $24.14, for a total transaction of $120,675.86. Following the transaction, the director now directly owns 28,313 shares of the company’s stock, valued at $683,475.82. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

Cohu Trading Down 3.4 %

Shares of COHU opened at $25.21 on Wednesday. The stock has a market cap of $1.19 billion, a PE ratio of -504.20 and a beta of 1.53. The stock has a 50 day simple moving average of $25.16 and a 200-day simple moving average of $29.21. Cohu, Inc. has a 1 year low of $22.80 and a 1 year high of $36.60. The company has a current ratio of 6.95, a quick ratio of 5.09 and a debt-to-equity ratio of 0.01.

Cohu (NASDAQ:COHU) last posted its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.03). The firm had revenue of $104.70 million for the quarter, compared to analyst estimates of $105.00 million. Cohu had a positive return on equity of 1.27% and a negative net margin of 5.70%. On average, sell-side analysts predict that Cohu, Inc. will post -0.41 EPS for the current fiscal year.

Hedge Funds Weigh In On Cohu

Institutional investors and hedge funds have recently bought and sold shares of the business. Creative Planning lifted its position in Cohu by 219.4% during the 3rd quarter. Creative Planning now owns 27,237 shares of the semiconductor company’s stock worth $700,000 after buying an additional 18,709 shares in the last quarter. Inspire Investing LLC raised its stake in shares of Cohu by 49.4% in the third quarter. Inspire Investing LLC now owns 15,974 shares of the semiconductor company’s stock worth $411,000 after acquiring an additional 5,281 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Cohu by 677.0% during the third quarter. SG Americas Securities LLC now owns 39,031 shares of the semiconductor company’s stock worth $1,003,000 after purchasing an additional 34,008 shares in the last quarter. Sanctuary Advisors LLC bought a new stake in shares of Cohu during the second quarter valued at approximately $357,000. Finally, Algert Global LLC increased its holdings in shares of Cohu by 38.0% in the second quarter. Algert Global LLC now owns 17,214 shares of the semiconductor company’s stock valued at $570,000 after purchasing an additional 4,744 shares in the last quarter. Institutional investors and hedge funds own 94.67% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have commented on the company. StockNews.com cut Cohu from a “hold” rating to a “sell” rating in a report on Friday, August 2nd. Citigroup lowered Cohu from a “buy” rating to a “neutral” rating and set a $36.00 target price for the company. in a research note on Monday, July 15th. Finally, Needham & Company LLC decreased their price target on shares of Cohu from $37.00 to $33.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat.com, the stock 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.