Cohu, Inc. (NASDAQ:COHU) VP Pascal Ronde Sells 10,000 Shares of Stock

Cohu, Inc. (NASDAQ:COHU) VP Pascal Ronde sold 10,000 shares of the stock in a transaction dated Thursday, November 7th. The shares were sold at an average price of $19.45, for a total transaction of $194,500.00. Following the sale, the vice president now directly owns 152,705 shares of the company’s stock, valued at $2,970,112.25. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

COHU stock opened at $19.71 on Friday. The firm has a market cap of $801.78 million, a price-to-earnings ratio of 15.90 and a beta of 1.41. Cohu, Inc. has a one year low of $11.37 and a one year high of $20.05. The firm has a 50-day simple moving average of $15.25 and a two-hundred day simple moving average of $14.83. The company has a debt-to-equity ratio of 0.76, a quick ratio of 2.08 and a current ratio of 3.10.

Cohu (NASDAQ:COHU) last issued its quarterly earnings data on Sunday, November 3rd. The semiconductor company reported $0.12 EPS for the quarter, topping analysts’ consensus estimates of ($0.06) by $0.18. The business had revenue of $143.50 million for the quarter, compared to analysts’ expectations of $142.99 million. Cohu had a negative net margin of 17.84% and a positive return on equity of 0.35%. The business’s revenue was up 66.5% on a year-over-year basis. During the same quarter last year, the company earned $0.30 EPS. As a group, equities analysts predict that Cohu, Inc. will post -0.24 earnings per share for the current fiscal year.

The company also recently disclosed a dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, November 15th will be paid a dividend of $0.06 per share. The ex-dividend date of this dividend is Thursday, November 14th. Cohu’s payout ratio is 19.35%.

Several hedge funds and other institutional investors have recently modified their holdings of COHU. Bank of Montreal Can grew its stake in shares of Cohu by 985.1% during the 2nd quarter. Bank of Montreal Can now owns 4,080 shares of the semiconductor company’s stock worth $62,000 after purchasing an additional 3,704 shares during the period. Flinton Capital Management LLC grew its stake in Cohu by 18.8% in the 2nd quarter. Flinton Capital Management LLC now owns 5,456 shares of the semiconductor company’s stock valued at $84,000 after acquiring an additional 864 shares during the period. Tower Research Capital LLC TRC grew its stake in Cohu by 566.5% in the 3rd quarter. Tower Research Capital LLC TRC now owns 6,318 shares of the semiconductor company’s stock valued at $85,000 after acquiring an additional 5,370 shares during the period. Meadow Creek Investment Management LLC grew its stake in Cohu by 18.8% in the 2nd quarter. Meadow Creek Investment Management LLC now owns 7,502 shares of the semiconductor company’s stock valued at $116,000 after acquiring an additional 1,188 shares during the period. Finally, Riverhead Capital Management LLC grew its stake in Cohu by 18.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 8,500 shares of the semiconductor company’s stock valued at $131,000 after acquiring an additional 1,300 shares during the period. 91.93% of the stock is currently owned by institutional investors and hedge funds.

COHU has been the subject of several analyst reports. BidaskClub raised shares of Cohu from a “buy” rating to a “strong-buy” rating in a research report on Saturday, October 26th. ValuEngine lowered shares of Cohu from a “strong-buy” rating to a “buy” rating in a research report on Wednesday. Craig Hallum initiated coverage on shares of Cohu in a research report on Thursday, September 5th. They set a “buy” rating and a $20.00 price target for the company. DA Davidson increased their price target on shares of Cohu from $19.00 to $25.00 and gave the company a “buy” rating in a research report on Tuesday. Finally, Zacks Investment Research raised shares of Cohu from a “sell” rating to a “hold” rating and set a $22.00 price target for the company in a research report on Tuesday. One research analyst has rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $22.60.

Cohu Company Profile

Cohu, Inc, through its subsidiaries, provides semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors, thermal sub-systems, semiconductor automated test equipment (ATE), and bare board printed circuit board (PCB) test systems for semiconductor and electronics manufacturers, and test subcontractors worldwide.

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