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

Cohu, Inc. (NASDAQ:COHU) SVP Christopher Bohrson sold 1,000 shares of the firm’s stock in a transaction dated Monday, June 15th. The shares were sold at an average price of $63.88, for a total value of $63,880.00. Following the sale, the senior vice president owned 171,702 shares of the company’s stock, valued at $10,968,323.76. This represents a 0.58% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, 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 Friday, May 15th, Christopher Bohrson sold 1,000 shares of Cohu stock. The shares were sold at an average price of $46.92, for a total value of $46,920.00.
• On Monday, May 11th, Christopher Bohrson sold 1,500 shares of Cohu stock. The shares were sold at an average price of $51.28, for a total value of $76,920.00.
• On Wednesday, April 15th, Christopher Bohrson sold 1,000 shares of Cohu stock. The shares were sold at an average price of $38.00, for a total value of $38,000.00.

Cohu Stock Down 2.6%

Shares of Cohu stock opened at $62.41 on Wednesday. The business has a 50-day moving average of $47.65 and a 200-day moving average of $34.88. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.43 and a quick ratio of 5.31. The company has a market capitalization of $2.94 billion, a PE ratio of -52.44 and a beta of 1.62. Cohu, Inc. has a 1-year low of $17.71 and a 1-year high of $69.63.

Cohu (NASDAQ:COHU) last announced 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). The business had revenue of $125.12 million for the quarter, compared to analyst estimates of $122.14 million. Cohu had a negative net margin of 11.54% and a negative return on equity of 3.50%. The firm’s revenue was up 29.3% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.02) earnings per share. As a group, equities analysts forecast that Cohu, Inc. will post 0.17 EPS for the current fiscal year.

Hedge Funds Weigh In On Cohu

Hedge funds have recently bought and sold shares of the company. Bessemer Group Inc. boosted its stake 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 period. Hollencrest Capital Management acquired a new position in Cohu in the first quarter valued at approximately $31,000. Farther Finance Advisors LLC boosted its stake 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 period. Kestra Advisory Services LLC acquired a new position in Cohu in the fourth quarter valued at approximately $34,000. Finally, Los Angeles Capital Management LLC acquired a new position in Cohu in the fourth quarter valued at approximately $37,000. 94.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of research firms recently commented on COHU. Zacks Research upgraded Cohu from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. TD Cowen lifted their price target on Cohu from $60.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday. Stifel Nicolaus lifted their price target on Cohu from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, March 18th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cohu in a research note on Monday, April 20th. Finally, Jefferies Financial Group set a $60.00 price target on Cohu and gave the stock a “buy” rating in a research note on Friday, May 1st. Six analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $52.33.

About Cohu

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.