Today it was reported that a Director at Cohu (COHU), Robert Ciardella, exercised options to buy 5,000 COHU shares at $8.87 a share, for a total transaction value of $44.35K. The options were close to expired and Robert Ciardella retained stocks.
This recent transaction increases Robert Ciardella’s holding in the company by 5.4% to a total of $1.73 million.
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Based on Cohu’s latest earnings report for the quarter ending March 31, the company posted quarterly revenue of $148 million and GAAP net loss of $22.73 million. In comparison, last year the company earned revenue of $95.15 million and had a net profit of $8.12 million. Currently, Cohu has an average volume of 316.6K.
Based on 3 analyst ratings, the analyst consensus is Strong Buy with an average price target of $23.67, reflecting a 33.7% upside. One of the top 25 analysts, according to TipRanks.com, recently recommended Buy COHU with a $24 price target. Starting in March 2019, COHU received 4 Buy ratings in a row.
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Cohu, Inc. engages in the provision of back-end semiconductor equipment and services. It operates through the Semiconductor Test and Inspection, and Printed Circuit Board Test. The company was founded in 1947 and is headquartered in Poway, CA.
