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

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

Cohu Stock Performance

Shares of Cohu stock traded up $0.30 during trading on Tuesday, hitting $28.88. 952,918 shares of the stock were exchanged, compared to its average volume of 668,637. The company has a debt-to-equity ratio of 0.36, a quick ratio of 5.69 and a current ratio of 6.88. Cohu, Inc. has a 12 month low of $12.57 and a 12 month high of $34.96. The stock’s fifty day moving average is $29.38 and its 200 day moving average is $24.96. The stock has a market cap of $1.35 billion, a PE ratio of -18.16 and a beta of 1.27.

Cohu (NASDAQ:COHU) last posted 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). Cohu had a negative net margin of 16.40% and a negative return on equity of 3.76%. The firm had revenue of $122.23 million for the quarter, compared to analyst estimates of $122.09 million. During the same period in the previous year, the firm earned ($0.15) earnings per share. The company’s revenue for the quarter was up 29.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Cohu, Inc. will post -0.36 EPS for the current year.

Hedge Funds Weigh In On Cohu

Institutional investors have recently made changes to their positions in the business. Tudor Investment Corp ET AL bought a new position in Cohu in the 3rd quarter worth approximately $243,960,000. SG Capital Management LLC acquired a new position in Cohu in the fourth quarter worth about $33,174,000. Invesco Ltd. raised its holdings in shares of Cohu by 478.4% in 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 in the last quarter. Tributary Capital Management LLC lifted its holdings in shares of Cohu by 131.5% during 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. Finally, Segall Bryant & Hamill LLC bought a new position in Cohu during the 4th quarter valued at about $9,859,000. 94.67% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

A number of brokerages recently issued reports on COHU. Needham & Company LLC increased their price objective on Cohu from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, February 13th. TD Cowen boosted their price target on Cohu from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. Zacks Research cut Cohu from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 19th. Evercore started coverage on Cohu in a report on Monday. They set an “outperform” rating and a $35.00 price target on the stock. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Cohu in a research note on Wednesday, January 21st. Five research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $33.60.

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.