Cohu, Inc. (NASDAQ:COHU – Get Free Report) SVP Christopher Bohrson sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $61.90, for a total value of $61,900.00. Following the transaction, the senior vice president owned 169,702 shares of the company’s stock, valued at $10,504,553.80. This trade represents a 0.59% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 Monday, June 15th, Christopher Bohrson sold 1,000 shares of Cohu stock. The stock was sold at an average price of $63.88, for a total value of $63,880.00.
Cohu Stock Down 2.0%
Shares of Cohu stock opened at $54.11 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.74 and a quick ratio of 4.72. The stock has a market cap of $2.56 billion, a price-to-earnings ratio of -65.19 and a beta of 1.59. The firm’s 50-day moving average is $56.96 and its two-hundred day moving average is $45.09. Cohu, Inc. has a 1 year low of $18.67 and a 1 year high of $74.60.
Analysts Set New Price Targets
Several research firms recently commented on COHU. Jefferies Financial Group restated a “buy” rating and set a $74.00 price target on shares of Cohu in a research report on Friday, July 31st. Stifel Nicolaus upped their price objective on shares of Cohu from $50.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. Craig Hallum restated a “buy” rating and set a $74.00 target price on shares of Cohu in a research report on Friday, July 31st. Zacks Research upgraded Cohu from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cohu in a report on Friday, July 17th. Two equities research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $68.75.
Read Our Latest Analysis on COHU
Institutional Trading of Cohu
Several large investors have recently made changes to their positions in the company. Hollencrest Capital Management acquired a new position in Cohu during the first quarter worth about $31,000. Farther Finance Advisors LLC raised its holdings in Cohu by 45.0% in the 4th 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 purchased a new position in Cohu in the 4th quarter worth approximately $34,000. Los Angeles Capital Management LLC purchased a new position in Cohu in the 4th quarter worth approximately $37,000. Finally, Smartleaf Asset Management LLC boosted its holdings in shares of Cohu by 202.7% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,113 shares of the semiconductor company’s stock worth $41,000 after purchasing an additional 1,415 shares during the last quarter. 94.67% of the stock is currently owned by hedge funds and other institutional investors.
Cohu Company Profile
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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