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

Cohu, Inc. (NASDAQ:COHU) insider Christopher Bohrson sold 1,000 shares of the business’s stock in a transaction dated Monday, September 15th. The stock was sold at an average price of $51.07, for a total transaction of $51,070.00. Following the completion of the transaction, the insider directly owned 158,702 shares of the company’s stock, valued at approximately $8,104,911.14. This represents a 0.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 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 transaction 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 transaction of $61,900.00.

Cohu Stock Performance

Shares of Cohu stock opened at $55.00 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 firm has a 50 day simple moving average of $51.96 and a 200 day simple moving average of $47.92. Cohu, Inc. has a fifty-two week low of $18.67 and a fifty-two week high of $74.60. The firm has a market cap of $2.60 billion, a P/E ratio of -66.26 and a beta of 1.58.

Cohu (NASDAQ:COHU) last posted its quarterly earnings data 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. The firm had revenue of $149.00 million for the quarter, compared to the consensus estimate of $144.20 million. Cohu had a negative return on equity of 1.96% and a negative net margin of 7.43%.The business’s revenue for the quarter was up 38.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.02 EPS. Sell-side analysts predict that Cohu, Inc. will post 0.47 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

Several research firms recently issued reports on COHU. Jefferies Financial Group reiterated a “buy” rating and issued a $74.00 price target on shares of Cohu in a report on Friday, July 31st. Needham & Company LLC upped their target price on shares of Cohu from $54.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Craig Hallum reaffirmed a “buy” rating and issued a $74.00 target price on shares of Cohu in a research note on Friday, July 31st. B. Riley Financial lifted their price target on shares of Cohu from $65.00 to $69.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Finally, Robert W. Baird started coverage on shares of Cohu in a research note on Wednesday, July 8th. They set an “outperform” rating and a $65.00 price target for the company. One investment 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $68.75.

Institutional Investors Weigh In On Cohu

Institutional investors have recently made changes to their positions in the stock. BlackRock Inc. bought a new position in Cohu during the second quarter worth about $545,932,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Cohu in the 2nd quarter valued at approximately $77,814,000. Emerald Advisers LLC acquired a new stake in shares of Cohu in the 1st quarter valued at approximately $23,887,000. Paradigm Capital Management Inc. NY bought a new position in Cohu during the 2nd quarter worth approximately $42,794,000. Finally, Segall Bryant & Hamill LLC grew its holdings in Cohu by 125.5% during the first quarter. Segall Bryant & Hamill LLC now owns 955,344 shares of the semiconductor company’s stock valued at $29,253,000 after purchasing an additional 531,661 shares during the period. 94.67% of the stock is owned by institutional investors and hedge funds.

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.