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

Cohu, Inc. (NASDAQ:COHU) SVP Christopher Bohrson sold 1,000 shares of Cohu stock in a transaction on Monday, March 16th. The shares were sold at an average price of $28.57, for a total value of $28,570.00. Following the completion of the sale, the senior vice president directly owned 176,202 shares of the company’s stock, valued at $5,034,091.14. The trade was a 0.56% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Cohu Trading Up 1.0%

NASDAQ:COHU traded up $0.30 on Tuesday, reaching $28.88. 952,918 shares of the company’s stock were exchanged, compared to its average volume of 668,637. The firm has a market capitalization of $1.35 billion, a price-to-earnings ratio of -18.16 and a beta of 1.27. Cohu, Inc. has a 52-week low of $12.57 and a 52-week high of $34.96. The company has a quick ratio of 5.69, a current ratio of 6.88 and a debt-to-equity ratio of 0.36. The business has a fifty day moving average of $29.38 and a 200-day moving average of $24.96.

Cohu (NASDAQ:COHU) last released its earnings results on Thursday, February 12th. The semiconductor company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.22). The company had revenue of $122.23 million during the quarter, compared to analysts’ expectations of $122.09 million. Cohu had a negative net margin of 16.40% and a negative return on equity of 3.76%. The company’s revenue for the quarter was up 29.9% on a year-over-year basis. During the same quarter last year, the business posted ($0.15) earnings per share. As a group, analysts expect that Cohu, Inc. will post -0.36 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have recently weighed in on COHU. Zacks Research downgraded Cohu from a “hold” rating to a “strong sell” rating in a report on Thursday, February 19th. Weiss Ratings restated a “sell (d-)” rating on shares of Cohu in a research note on Wednesday, January 21st. Needham & Company LLC lifted their price target on Cohu from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. Evercore began coverage on Cohu in a report on Monday. They issued an “outperform” rating and a $35.00 price objective for the company. Finally, B. Riley Financial lowered their target price on shares of Cohu from $35.00 to $33.00 and set a “buy” rating on the stock in a research report on Friday, February 13th. Five research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $33.60.

Institutional Investors Weigh In On Cohu

Several institutional investors and hedge funds have recently made changes to their positions in the company. Tudor Investment Corp ET AL acquired a new stake in shares of Cohu during the third quarter worth $243,960,000. Vanguard Group Inc. grew its position in shares of Cohu by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 4,361,164 shares of the semiconductor company’s stock valued at $101,484,000 after buying an additional 57,618 shares during the last quarter. Royce & Associates LP raised its stake in Cohu by 0.4% during the fourth quarter. Royce & Associates LP now owns 1,918,424 shares of the semiconductor company’s stock worth $44,642,000 after acquiring an additional 7,927 shares during the period. State Street Corp lifted its holdings in Cohu by 0.3% in the fourth quarter. State Street Corp now owns 1,819,530 shares of the semiconductor company’s stock worth $42,340,000 after acquiring an additional 5,439 shares during the last quarter. Finally, Tributary Capital Management LLC boosted its stake in Cohu by 131.5% in the third quarter. Tributary Capital Management LLC now owns 1,520,386 shares of the semiconductor company’s stock valued at $30,909,000 after acquiring an additional 863,654 shares during the period. 94.67% of the stock is owned by institutional investors and hedge funds.

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.