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

Cohu, Inc. (NASDAQ:COHU - Get Free Report) Director Nina Richardson sold 4,999 shares of the company's stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $24.14, for a total value of $120,675.86. Following 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 ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Cohu Stock Down 3.4 %

Cohu stock traded down $0.90 during trading on Tuesday, hitting $25.21. 556,724 shares of the company were exchanged, compared to its average volume of 309,791. The company has a market capitalization of $1.19 billion, a P/E ratio of -504.20 and a beta of 1.53. The business's 50 day moving average is $25.16 and its 200 day moving average is $29.21. Cohu, Inc. has a 52 week low of $22.80 and a 52 week 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 - Get Free Report) last posted its earnings results on Wednesday, July 31st. The semiconductor company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.03). Cohu had a positive return on equity of 1.27% and a negative net margin of 5.70%. The firm had revenue of $104.70 million during the quarter, compared to the consensus estimate of $105.00 million. Analysts predict that Cohu, Inc. will post -0.41 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on COHU shares. Citigroup lowered Cohu from a "buy" rating to a "neutral" rating and set a $36.00 target price on the stock. in a research report on Monday, July 15th. Needham & Company LLC lowered their price objective on shares of Cohu from $37.00 to $33.00 and set a "buy" rating on the stock in a report on Thursday, August 1st. Finally, StockNews.com lowered shares of Cohu from a "hold" rating to a "sell" rating in a research note on Friday, August 2nd. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $35.00.

Institutional Investors Weigh In On Cohu

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Signaturefd LLC grew its holdings in shares of Cohu by 1,256.3% in the second quarter. Signaturefd LLC now owns 868 shares of the semiconductor company's stock valued at $29,000 after acquiring an additional 804 shares in the last quarter. First Horizon Advisors Inc. grew its stake in Cohu by 558.8% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,087 shares of the semiconductor company's stock valued at $36,000 after purchasing an additional 922 shares during the period. CWM LLC grew its stake in Cohu by 158.1% in the 2nd quarter. CWM LLC now owns 1,533 shares of the semiconductor company's stock valued at $51,000 after purchasing an additional 939 shares during the period. 1620 Investment Advisors Inc. purchased a new stake in shares of Cohu during the 2nd quarter valued at $97,000. Finally, Perkins Coie Trust Co bought a new stake in shares of Cohu during the 2nd quarter worth $132,000. Hedge funds and other institutional investors own 94.67% of the company's stock.

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.