Hock Woo Chiang Sells 10,000 Shares of Cohu, Inc. (COHU) Stock

Cohu, Inc. (NASDAQ:COHU) VP Hock Woo Chiang sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, November 16th. The stock was sold at an average price of $24.78, for a total transaction of $247,800.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

Hock Woo Chiang also recently made the following trade(s):

  • On Thursday, August 31st, Hock Woo Chiang sold 10,844 shares of Cohu stock. The stock was sold at an average price of $18.77, for a total transaction of $203,541.88.

Cohu, Inc. (NASDAQ COHU) traded down $0.08 during midday trading on Monday, hitting $24.74. 152,800 shares of the company traded hands, compared to its average volume of 243,524. The company has a current ratio of 3.62, a quick ratio of 2.89 and a debt-to-equity ratio of 0.02. The company has a market cap of $699.85, a P/E ratio of 19.03 and a beta of 0.89. Cohu, Inc. has a fifty-two week low of $11.80 and a fifty-two week high of $26.17.

Cohu (NASDAQ:COHU) last issued its quarterly earnings results on Thursday, November 2nd. The semiconductor company reported $0.43 earnings per share for the quarter, beating analysts’ consensus estimates of $0.39 by $0.04. Cohu had a net margin of 8.26% and a return on equity of 14.67%. The firm had revenue of $93.70 million during the quarter, compared to the consensus estimate of $91.43 million. During the same period in the prior year, the firm earned $0.14 EPS. The business’s revenue was up 35.2% on a year-over-year basis. sell-side analysts anticipate that Cohu, Inc. will post 1.37 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 2nd. Shareholders of record on Friday, November 17th will be issued a $0.06 dividend. This represents a $0.24 dividend on an annualized basis and a yield of 0.97%. The ex-dividend date is Thursday, November 16th. Cohu’s dividend payout ratio (DPR) is presently 24.49%.

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COHU has been the subject of several recent research reports. B. Riley reissued a “buy” rating and set a $28.00 target price on shares of Cohu in a research note on Friday, July 28th. Dougherty & Co increased their target price on shares of Cohu from $23.50 to $24.00 and gave the company a “buy” rating in a research note on Friday, July 28th. BidaskClub lowered shares of Cohu from a “buy” rating to a “hold” rating in a research note on Wednesday, August 2nd. Zacks Investment Research upgraded shares of Cohu from a “hold” rating to a “strong-buy” rating and set a $20.00 price target on the stock in a report on Monday, August 21st. Finally, Needham & Company LLC restated a “hold” rating on shares of Cohu in a report on Friday, September 1st. Two equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $25.40.

Large investors have recently added to or reduced their stakes in the company. Cubist Systematic Strategies LLC lifted its holdings in shares of Cohu by 34.9% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 16,410 shares of the semiconductor company’s stock worth $258,000 after acquiring an additional 4,243 shares during the period. Swiss National Bank increased its position in Cohu by 10.8% in the 2nd quarter. Swiss National Bank now owns 46,141 shares of the semiconductor company’s stock valued at $726,000 after acquiring an additional 4,500 shares in the last quarter. AJO LP increased its position in Cohu by 73.4% in the 2nd quarter. AJO LP now owns 210,071 shares of the semiconductor company’s stock valued at $3,307,000 after acquiring an additional 88,949 shares in the last quarter. Bank of America Corp DE increased its position in Cohu by 38.4% in the 1st quarter. Bank of America Corp DE now owns 43,752 shares of the semiconductor company’s stock valued at $808,000 after acquiring an additional 12,147 shares in the last quarter. Finally, Texas Permanent School Fund increased its position in Cohu by 2.7% in the 2nd quarter. Texas Permanent School Fund now owns 18,558 shares of the semiconductor company’s stock valued at $292,000 after acquiring an additional 480 shares in the last quarter. 85.13% of the stock is owned by institutional investors.

About Cohu

Cohu, Inc is a supplier of semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors and thermal sub-systems used by global semiconductor manufacturers and test subcontractors. It develops, manufactures, sells and services a line of equipment capable of handling a range of integrated circuits and light-emitting diodes.

Insider Buying and Selling by Quarter for Cohu (NASDAQ:COHU)

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