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

Cohu, Inc. (NASDAQ:COHU) insider Christopher Bohrson sold 1,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 15th. The stock was sold at an average price of $55.31, for a total value of $55,310.00. Following the transaction, the insider owned 157,702 shares in the company, valued at approximately $8,722,497.62. The trade was a 0.63% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 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 Wednesday, August 19th, Christopher Bohrson sold 10,000 shares of Cohu stock. The stock was sold at an average price of $55.82, for a total value of $558,200.00.
• On Monday, August 17th, Christopher Bohrson sold 1,000 shares of Cohu stock. The shares were sold at an average price of $61.90, for a total value of $61,900.00.

Cohu Stock Performance

Shares of COHU stock opened at $50.81 on Friday. The company has a market capitalization of $2.41 billion, a P/E ratio of -61.22 and a beta of 1.51. Cohu, Inc. has a fifty-two week low of $21.10 and a fifty-two week high of $75.72. The company has a debt-to-equity ratio of 0.37, a quick ratio of 4.72 and a current ratio of 5.74. The stock has a 50 day moving average price of $57.87 and a two-hundred day moving average price of $53.04.

Cohu (NASDAQ:COHU) last issued its earnings results on Thursday, July 30th. The semiconductor company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.12. Cohu had a negative net margin of 7.43% and a negative return on equity of 1.96%. The firm had revenue of $149.00 million for the quarter, compared to analysts’ expectations of $144.20 million. During the same quarter last year, the business earned $0.02 earnings per share. The business’s revenue was up 38.3% on a year-over-year basis. Analysts expect that Cohu, Inc. will post 0.47 earnings per share for the current year.

Wall Street Analysts Forecast Growth

COHU has been the subject of several analyst reports. Robert W. Baird began coverage on shares of Cohu in a research report on Wednesday, July 8th. They set an “outperform” rating and a $65.00 price target for the company. Zacks Research lowered shares of Cohu from a “strong-buy” rating to a “hold” rating in a report on Friday, August 28th. Stifel Nicolaus boosted their price objective on shares of Cohu from $50.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Jefferies Financial Group restated a “buy” rating and issued a $74.00 price objective on shares of Cohu in a research report on Friday, July 31st. Finally, B. Riley Financial upped their price objective on shares of Cohu from $65.00 to $69.00 and gave the company a “buy” rating in a research note on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $68.75.

Institutional Investors Weigh In On Cohu

Several institutional investors and hedge funds have recently bought and sold shares of COHU. CoreCap Advisors LLC grew its position in shares of Cohu by 150.0% in the 3rd quarter. CoreCap Advisors LLC now owns 500 shares of the semiconductor company’s stock worth $34,000 after buying an additional 300 shares during the last quarter. Fortitude Family Office LLC increased its stake in shares of Cohu by 147.9% during the third quarter. Fortitude Family Office LLC now owns 528 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 315 shares during the period. Sheets Smith Wealth Management increased its stake in shares of Cohu by 3.0% during the first quarter. Sheets Smith Wealth Management now owns 14,644 shares of the semiconductor company’s stock valued at $448,000 after buying an additional 420 shares during the period. Allworth Financial LP raised its holdings in shares of Cohu by 109.8% during the second quarter. Allworth Financial LP now owns 879 shares of the semiconductor company’s stock valued at $65,000 after acquiring an additional 460 shares in the last quarter. Finally, Nykredit A S bought a new position in shares of Cohu during the second quarter valued at approximately $36,000. Hedge funds and other institutional investors own 94.67% of the company’s stock.

About Cohu

Cohu, Inc provides semiconductor test and inspection equipment, consumables and related services used by semiconductor manufacturers and outsourced semiconductor assembly and test providers. Its solutions support the testing and handling of integrated circuits throughout the manufacturing process, helping customers evaluate device performance, reliability and quality.

The company’s product portfolio includes semiconductor test handlers, inspection and metrology systems, thermal-management equipment, test contactors and other interface products.