Cohu, Inc. (NASDAQ:COHU – Get Free Report) insider Christopher Bohrson sold 1,000 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $51.07, for a total transaction of $51,070.00. Following the sale, the insider owned 158,702 shares in the company, valued at $8,104,911.14. This represents a 0.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed 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 Price Performance
Shares of COHU stock traded up $3.94 on Thursday, reaching $55.00. The company had a trading volume of 976,602 shares, compared to its average volume of 903,058. The business’s 50-day moving average is $51.96 and its 200 day moving average is $47.92. Cohu, Inc. has a one year low of $18.67 and a one year high of $74.60. The company has a quick ratio of 4.72, a current ratio of 5.74 and a debt-to-equity ratio of 0.37. The stock has a market capitalization of $2.60 billion, a PE ratio of -66.26 and a beta of 1.58.
Analyst Ratings Changes
Several research firms have recently weighed in on COHU. Needham & Company LLC lifted their price objective on shares of Cohu from $54.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Zacks Research lowered Cohu from a “strong-buy” rating to a “hold” rating in a report on Friday, August 28th. B. Riley Financial increased their target price on Cohu from $65.00 to $69.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Robert W. Baird started coverage on shares of Cohu in a report on Wednesday, July 8th. They set an “outperform” rating and a $65.00 price objective on the stock. Finally, Jefferies Financial Group reissued a “buy” rating and set a $74.00 price objective on shares of Cohu in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Cohu has an average rating of “Moderate Buy” and an average price target of $68.75.
Read Our Latest Research Report on COHU
Institutional Trading of Cohu
Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in shares of Cohu in the second quarter worth about $545,932,000. The Manufacturers Life Insurance Company bought a new position in Cohu in the 2nd quarter valued at $77,814,000. Royce & Associates LP increased its holdings in shares of Cohu by 0.4% in the fourth quarter. Royce & Associates LP now owns 1,918,424 shares of the semiconductor company’s stock worth $44,642,000 after purchasing an additional 7,927 shares during the period. Paradigm Capital Management Inc. NY purchased a new stake in shares of Cohu in the second quarter worth $42,794,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in Cohu during the second quarter valued at $38,523,000. Hedge funds and other institutional investors own 94.67% of the company’s stock.
Cohu Company Profile
Cohu, Inc is a semiconductor test and inspection equipment company that develops products used throughout the semiconductor manufacturing process. Its portfolio includes semiconductor test handlers, test contactors, inspection and metrology systems, thermal-management solutions, and software for managing and analyzing test data.
The company’s equipment helps semiconductor manufacturers and outsourced semiconductor assembly and test providers handle, connect, test, inspect, and characterize packaged semiconductor devices.
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