Cohu (NASDAQ:COHU) SVP Sells $76,920.00 in Stock

Cohu, Inc. (NASDAQ:COHU) SVP Christopher Bohrson sold 1,500 shares of the business’s stock in a transaction that occurred on Monday, May 11th. The shares were sold at an average price of $51.28, for a total transaction of $76,920.00. Following the completion of the transaction, the senior vice president directly owned 173,702 shares of the company’s stock, valued at approximately $8,907,438.56. This represents a 0.86% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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, 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 transaction of $38,000.00.
• On Monday, March 16th, Christopher Bohrson sold 1,000 shares of Cohu stock. The shares were sold at an average price of $28.57, for a total transaction of $28,570.00.

Cohu Stock Performance

NASDAQ:COHU opened at $48.96 on Friday. The firm has a 50 day simple moving average of $37.09 and a 200-day simple moving average of $30.08. 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 firm has a market cap of $2.31 billion, a PE ratio of -41.14 and a beta of 1.61. Cohu, Inc. has a 1-year low of $16.46 and a 1-year high of $52.43.

Cohu (NASDAQ:COHU) last posted its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $0.01 earnings per share for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The firm had revenue of $125.12 million during 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 business’s quarterly revenue was up 29.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.02) EPS. On average, equities analysts expect that Cohu, Inc. will post 0.17 EPS for the current year.

Institutional Investors Weigh In On Cohu

Several large investors have recently made changes to their positions in the business. Tudor Investment Corp ET AL acquired a new stake in Cohu during the 3rd quarter valued at $243,960,000. SG Capital Management LLC purchased a new stake in Cohu during the 4th quarter worth $33,174,000. Invesco Ltd. increased its stake in Cohu by 478.4% during the 2nd quarter. Invesco Ltd. now owns 1,175,282 shares of the semiconductor company’s stock worth $22,612,000 after buying an additional 972,088 shares during the period. Emerald Advisers LLC purchased a new stake in Cohu during the 1st quarter worth $23,887,000. Finally, Emerald Mutual Fund Advisers Trust purchased a new stake in Cohu during the 1st quarter worth $14,999,000. Institutional investors and hedge funds own 94.67% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on COHU shares. Needham & Company LLC upped their price target on shares of Cohu from $33.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Stifel Nicolaus upped their price target on shares of Cohu from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, March 18th. Evercore reaffirmed an “outperform” rating and set a $53.00 price target on shares of Cohu in a research report on Tuesday, April 28th. B. Riley Financial reaffirmed a “buy” rating on shares of Cohu in a research report on Monday, April 20th. Finally, TD Cowen upped their price target on shares of Cohu from $35.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Six investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $49.00.

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.