Cohu (NASDAQ:COHU) SVP Christopher Bohrson Sells 1,500 Shares

Cohu, Inc. (NASDAQ:COHU – Get Free Report) SVP Christopher Bohrson sold 1,500 shares of the firm’s stock in a transaction that occurred on Monday, May 11th. The stock was sold at an average price of $51.28, for a total transaction of $76,920.00. Following the sale, the senior vice president owned 173,702 shares of the company’s stock, valued at $8,907,438.56. This represents a 0.86% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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):

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• On Wednesday, April 15th, Christopher Bohrson sold 1,000 shares of Cohu stock. The stock was sold at an average price of $38.00, for a total transaction of $38,000.00.
• On Monday, March 16th, Christopher Bohrson sold 1,000 shares of Cohu stock. The stock was sold at an average price of $28.57, for a total transaction of $28,570.00.

Cohu Trading Down 3.8%

Cohu stock traded down $1.96 during trading on Tuesday, hitting $49.32. The company had a trading volume of 965,002 shares, compared to its average volume of 968,250. Cohu, Inc. has a 1-year low of $16.46 and a 1-year high of $52.43. The company has a current ratio of 6.43, a quick ratio of 5.31 and a debt-to-equity ratio of 0.37. The company’s 50 day simple moving average is $35.96 and its 200-day simple moving average is $29.52. The stock has a market cap of $2.33 billion, a price-to-earnings ratio of -41.45 and a beta of 1.61.

Cohu (NASDAQ:COHU – Get Free Report) last posted 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 analyst estimates of $122.14 million. During the same quarter last year, the business posted ($0.02) EPS. The firm’s revenue for the quarter was up 29.3% on a year-over-year basis. As a group, analysts expect that Cohu, Inc. will post 0.17 EPS for the current fiscal year.

Institutional Investors Weigh In On Cohu

A number of institutional investors and hedge funds have recently bought and sold shares of COHU. Bessemer Group Inc. lifted its position in Cohu by 45.4% in the third quarter. Bessemer Group Inc. now owns 1,564 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 488 shares during the last quarter. Hollencrest Capital Management purchased a new stake in Cohu in the first quarter valued at $31,000. Hantz Financial Services Inc. lifted its position in Cohu by 83.7% in the third quarter. Hantz Financial Services Inc. now owns 1,569 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 715 shares during the last quarter. Farther Finance Advisors LLC lifted its position 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. Finally, Kestra Advisory Services LLC purchased a new stake in Cohu in the fourth quarter valued at $34,000. 94.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on COHU shares. B. Riley Financial reiterated a “buy” rating on shares of Cohu in a report on Monday, April 20th. TD Cowen boosted their price target on shares of Cohu from $35.00 to $60.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Stifel Nicolaus boosted their price target on shares of Cohu from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, March 18th. Zacks Research raised shares of Cohu from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Finally, Needham & Company LLC lifted their price objective on shares of Cohu from $33.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Six research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $49.00.

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Cohu Company Profile

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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.

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