Cohu, Inc. (NASDAQ:COHU – Get Free Report) SVP Christopher Bohrson sold 1,000 shares of the business’s stock in a transaction dated Monday, June 15th. The stock was sold at an average price of $63.88, for a total transaction of $63,880.00. Following the sale, the senior vice president directly owned 171,702 shares of the company’s stock, valued at approximately $10,968,323.76. The trade was a 0.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 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 transaction of $46,920.00.
- On Monday, May 11th, Christopher Bohrson sold 1,500 shares of Cohu stock. The stock was sold at an average price of $51.28, for a total transaction of $76,920.00.
- 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.
Cohu Trading Up 4.9%
Shares of COHU stock opened at $65.45 on Thursday. Cohu, Inc. has a 52-week low of $17.71 and a 52-week high of $69.63. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.31 and a current ratio of 6.43. The company has a 50-day simple moving average of $48.31 and a two-hundred day simple moving average of $35.17. The company has a market capitalization of $3.09 billion, a price-to-earnings ratio of -55.00 and a beta of 1.62.
Analysts Set New Price Targets
A number of equities research analysts have issued reports on COHU shares. TD Cowen upped their price objective on shares of Cohu from $60.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday. Needham & Company LLC increased their target price on shares of Cohu from $33.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Zacks Research raised shares of Cohu from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Stifel Nicolaus increased 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. Finally, Evercore reissued an “outperform” rating and set a $53.00 target price on shares of Cohu in a research report on Tuesday, April 28th. Six equities research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, Cohu has an average rating of “Moderate Buy” and a consensus price target of $52.33.
Read Our Latest Report on Cohu
Institutional Trading of Cohu
Several institutional investors and hedge funds have recently bought and sold shares of COHU. Bessemer Group Inc. lifted its stake in Cohu by 45.4% in the 3rd quarter. Bessemer Group Inc. now owns 1,564 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 488 shares in the last quarter. Hollencrest Capital Management purchased a new stake in Cohu in the 1st quarter worth approximately $31,000. Farther Finance Advisors LLC increased its holdings in shares of Cohu by 45.0% in the 4th quarter. Farther Finance Advisors LLC now owns 1,456 shares of the semiconductor company’s stock worth $34,000 after buying an additional 452 shares during the last quarter. Kestra Advisory Services LLC bought a new position in shares of Cohu in the 4th quarter worth $34,000. Finally, Los Angeles Capital Management LLC bought a new position in shares of Cohu in the 4th quarter worth $37,000. 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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