Cohu (NASDAQ:COHU) SVP Christopher Bohrson Sells 1,000 Shares of Stock

Cohu, Inc. (NASDAQ:COHU) SVP Christopher Bohrson sold 1,000 shares of Cohu stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $46.92, for a total value of $46,920.00. Following the completion of the transaction, the senior vice president owned 172,702 shares in the company, valued at $8,103,177.84. This trade represents a 0.58% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards.

Christopher Bohrson also recently made the following trade(s):

• On Monday, May 11th, Christopher Bohrson sold 1,500 shares of Cohu stock. The shares were sold at an average price of $51.28, for a total value of $76,920.00.
• On Wednesday, April 15th, Christopher Bohrson sold 1,000 shares of Cohu stock. The shares were sold at an average price of $38.00, for a total value of $38,000.00.
• On Monday, March 16th, Christopher Bohrson sold 1,000 shares of Cohu stock. The shares were sold at an average price of $28.57, for a total value of $28,570.00.

Cohu Trading Down 6.2%

Shares of COHU stock opened at $44.20 on Tuesday. The business’s 50 day moving average is $37.75 and its two-hundred day moving average is $30.40. Cohu, Inc. has a twelve month low of $16.46 and a twelve month high of $52.43. The company has a market capitalization of $2.08 billion, a P/E ratio of -37.14 and a beta of 1.61. The company has a current ratio of 6.43, a quick ratio of 5.31 and a debt-to-equity ratio of 0.37.

Cohu (NASDAQ:COHU) last announced its earnings results on Thursday, April 30th. The semiconductor company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.02). Cohu had a negative net margin of 11.54% and a negative return on equity of 3.50%. The company had revenue of $125.12 million during the quarter, compared to analysts’ expectations of $122.14 million. During the same quarter last year, the business posted ($0.02) earnings per share. The company’s revenue for the quarter was up 29.3% compared to the same quarter last year. Equities analysts forecast that Cohu, Inc. will post 0.17 EPS for the current year.

Analysts Set New Price Targets

A number of research firms recently weighed in on COHU. Jefferies Financial Group set a $60.00 price target on Cohu and gave the company a “buy” rating in a research note on Friday, May 1st. TD Cowen lifted their price target on Cohu from $35.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Needham & Company LLC lifted their price target on Cohu from $33.00 to $54.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Weiss Ratings restated a “sell (d-)” rating on shares of Cohu in a research note on Monday, April 20th. Finally, Stifel Nicolaus lifted their price target on Cohu from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, March 18th. Six investment analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $49.00.

Institutional Trading of Cohu

A number of institutional investors have recently bought and sold shares of the company. Amundi boosted its position in Cohu by 89.0% during the first quarter. Amundi now owns 36,844 shares of the semiconductor company’s stock worth $1,128,000 after purchasing an additional 17,345 shares in the last quarter. California State Teachers Retirement System boosted its position in Cohu by 35.8% during the first quarter. California State Teachers Retirement System now owns 58,792 shares of the semiconductor company’s stock worth $1,800,000 after purchasing an additional 15,503 shares in the last quarter. The Manufacturers Life Insurance Company boosted its position in Cohu by 44.2% during the first quarter. The Manufacturers Life Insurance Company now owns 19,734 shares of the semiconductor company’s stock worth $604,000 after purchasing an additional 6,045 shares in the last quarter. Quantinno Capital Management LP boosted its position in Cohu by 17.4% during the first quarter. Quantinno Capital Management LP now owns 63,417 shares of the semiconductor company’s stock worth $1,942,000 after purchasing an additional 9,415 shares in the last quarter. Finally, Dean Capital Management boosted its position in Cohu by 1.2% during the first quarter. Dean Capital Management now owns 88,248 shares of the semiconductor company’s stock worth $2,702,000 after purchasing an additional 1,049 shares in the last quarter. 94.67% of the stock is currently owned by hedge funds and other institutional investors.

About Cohu

Cohu, Inc is a global provider of semiconductor test and inspection solutions, offering a broad portfolio of products designed to support chip manufacturers, outsourced semiconductor assembly and test (OSAT) providers, and electronics original equipment manufacturers (OEMs). The company’s product lineup includes automatic test handlers, wafer probers, test sockets, thermal subassembly systems and burn-in boards, all engineered to optimize throughput, accuracy and reliability in semiconductor production and final test.

Founded in 1947 and headquartered in Poway, California, Cohu has grown through both organic development and targeted acquisitions to become a recognized leader in test handling and interconnect technologies.