Cohu (NASDAQ:COHU) SVP Christopher Bohrson Sells 1,500 Shares of Stock

Cohu, Inc. (NASDAQ:COHU) SVP Christopher Bohrson sold 1,500 shares of Cohu stock in a transaction dated 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 $8,907,438.56. This trade represents a 0.86% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this link. 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 stock was 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 stock was sold at an average price of $28.57, for a total value of $28,570.00.

Cohu Price Performance

Shares of NASDAQ COHU opened at $49.32 on Wednesday. The business’s fifty day moving average price is $36.34 and its two-hundred day moving average price is $29.71. The firm has a market capitalization of $2.33 billion, a PE ratio of -41.45 and a beta of 1.61. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.43 and a quick ratio of 5.31. Cohu, Inc. has a 1-year low of $16.46 and a 1-year high of $52.43.

Cohu (NASDAQ:COHU) last released 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 return on equity of 3.50% and a negative net margin of 11.54%.The firm’s revenue was up 29.3% on a year-over-year basis. During the same period last year, the business earned ($0.02) EPS. On average, research analysts expect that Cohu, Inc. will post 0.17 EPS for the current year.

Institutional Investors Weigh In On Cohu

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Tudor Investment Corp ET AL purchased a new stake in shares of Cohu during the third quarter valued at $243,960,000. Vanguard Group Inc. grew its position in Cohu by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 4,361,164 shares of the semiconductor company’s stock worth $101,484,000 after purchasing an additional 57,618 shares in the last quarter. Royce & Associates LP grew its holdings in shares of Cohu by 0.4% during the fourth quarter. Royce & Associates LP now owns 1,918,424 shares of the semiconductor company’s stock valued at $44,642,000 after buying an additional 7,927 shares in the last quarter. State Street Corp lifted its stake in Cohu by 0.3% in the 4th 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 in the last quarter. Finally, SG Capital Management LLC acquired a new stake in Cohu during the 4th quarter worth about $33,174,000. Institutional investors and hedge funds own 94.67% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on COHU. Zacks Research raised Cohu from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. B. Riley Financial restated a “buy” rating on shares of Cohu in a research report on Monday, April 20th. TD Cowen increased their price objective on shares of Cohu from $35.00 to $60.00 and gave the company a “buy” rating in a report on Friday, May 1st. Stifel Nicolaus raised their price objective on shares of Cohu from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, March 18th. Finally, Jefferies Financial Group set a $60.00 price target on Cohu and gave the company a “buy” rating in a research note on Friday, May 1st. Six 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’s stock. According to data from MarketBeat, Cohu currently has an average rating of “Moderate Buy” and an average price target of $49.00.

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.