Cohu, Inc. (NASDAQ:COHU) CFO Jeffrey D. Jones Sells 10,000 Shares

Cohu, Inc. (NASDAQ:COHUGet Rating) CFO Jeffrey D. Jones sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, November 11th. The stock was sold at an average price of $37.00, for a total transaction of $370,000.00. Following the sale, the chief financial officer now directly owns 249,733 shares of the company’s stock, valued at approximately $9,240,121. The sale was disclosed in a filing with the SEC, which is available at the SEC website.

Cohu Price Performance

COHU stock opened at $36.38 on Tuesday. The company has a fifty day moving average price of $29.04 and a 200-day moving average price of $28.41. The company has a market capitalization of $1.73 billion, a P/E ratio of 18.56 and a beta of 1.53. Cohu, Inc. has a 52-week low of $24.06 and a 52-week high of $39.86. The company has a debt-to-equity ratio of 0.08, a quick ratio of 3.42 and a current ratio of 4.39.

Hedge Funds Weigh In On Cohu

Several large investors have recently modified their holdings of COHU. Inspire Investing LLC increased its position in shares of Cohu by 4.7% during the third quarter. Inspire Investing LLC now owns 8,004 shares of the semiconductor company’s stock worth $206,000 after buying an additional 357 shares during the period. Teacher Retirement System of Texas increased its position in shares of Cohu by 6.7% during the first quarter. Teacher Retirement System of Texas now owns 9,963 shares of the semiconductor company’s stock worth $295,000 after buying an additional 622 shares during the period. Morgan Dempsey Capital Management LLC increased its position in shares of Cohu by 27.7% during the second quarter. Morgan Dempsey Capital Management LLC now owns 2,943 shares of the semiconductor company’s stock worth $82,000 after buying an additional 638 shares during the period. Texas Permanent School Fund increased its position in shares of Cohu by 1.9% during the second quarter. Texas Permanent School Fund now owns 35,159 shares of the semiconductor company’s stock worth $976,000 after buying an additional 641 shares during the period. Finally, Kovitz Investment Group Partners LLC increased its position in shares of Cohu by 0.5% during the third quarter. Kovitz Investment Group Partners LLC now owns 139,783 shares of the semiconductor company’s stock worth $3,604,000 after buying an additional 664 shares during the period. Institutional investors own 90.24% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the stock. Citigroup raised shares of Cohu from a “neutral” rating to a “buy” rating and increased their price objective for the company from $30.00 to $45.00 in a research note on Friday, November 4th. Cowen increased their price objective on shares of Cohu from $35.00 to $42.00 and gave the company an “outperform” rating in a research note on Monday, October 31st. Cowen increased their price objective on shares of Cohu from $35.00 to $42.00 and gave the company an “outperform” rating in a research note on Monday, October 31st. The Goldman Sachs Group increased their price objective on shares of Cohu from $25.00 to $28.00 and gave the company a “sell” rating in a research note on Tuesday, November 1st. Finally, DA Davidson dropped their price objective on shares of Cohu to $40.00 in a research note on Tuesday, November 1st. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $38.00.

Cohu Company Profile

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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 and electronics manufacturers, and test subcontractors.

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