Cohu (NASDAQ:COHU) SVP Sells $63,880.00 in Stock

Cohu, Inc. (NASDAQ:COHU) SVP Christopher Bohrson sold 1,000 shares of the business’s stock in a transaction on Monday, June 15th. The shares were sold at an average price of $63.88, for a total transaction of $63,880.00. Following the completion of the sale, the senior vice president directly owned 171,702 shares in the company, valued at $10,968,323.76. This represents a 0.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through 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 Friday, May 15th, Christopher Bohrson sold 1,000 shares of Cohu stock. The stock was sold at an average price of $46.92, for a total value of $46,920.00.
• 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.

Cohu Stock Performance

Shares of Cohu stock opened at $69.40 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.43 and a quick ratio of 5.31. The firm has a market cap of $3.27 billion, a price-to-earnings ratio of -58.32 and a beta of 1.62. The stock’s 50-day moving average is $49.04 and its 200-day moving average is $35.49. Cohu, Inc. has a one year low of $17.71 and a one year high of $70.46.

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

Institutional Investors Weigh In On Cohu

Several large investors have recently made changes to their positions in COHU. Bessemer Group Inc. increased its holdings in Cohu by 45.4% during the third quarter. Bessemer Group Inc. now owns 1,564 shares of the semiconductor company’s stock worth $31,000 after buying an additional 488 shares during the last quarter. Hollencrest Capital Management acquired a new stake in Cohu in the first quarter valued at $31,000. Farther Finance Advisors LLC lifted its stake in Cohu by 45.0% in the fourth quarter. Farther Finance Advisors LLC now owns 1,456 shares of the semiconductor company’s stock valued at $34,000 after acquiring an additional 452 shares during the last quarter. Kestra Advisory Services LLC bought a new position in shares of Cohu in the 4th quarter valued at about $34,000. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Cohu during the 4th quarter worth about $37,000. Institutional investors and hedge funds own 94.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently issued reports on COHU. Evercore reiterated an “outperform” rating and issued a $53.00 price objective on shares of Cohu in a report on Tuesday, April 28th. Zacks Research upgraded shares of Cohu from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Stifel Nicolaus raised their target price on shares of Cohu from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, March 18th. TD Cowen lifted their price target on shares of Cohu from $60.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday. Finally, B. Riley Financial reissued a “buy” rating on shares of Cohu in a research report on Monday, April 20th. Six analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $52.33.

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.