Insider Selling: Cohu (NASDAQ:COHU) SVP Sells $46,920.00 in Stock

Cohu, Inc. (NASDAQ:COHU) SVP Christopher Bohrson sold 1,000 shares of the stock in a transaction on Friday, May 15th. The stock was sold at an average price of $46.92, for a total value of $46,920.00. Following the sale, the senior vice president owned 172,702 shares in the company, valued at $8,103,177.84. The trade was a 0.58% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 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 Monday, May 11th, Christopher Bohrson sold 1,500 shares of Cohu stock. The stock was 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 stock was sold at an average price of $38.00, for a total value 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 transaction of $28,570.00.

Cohu Stock Up 5.2%

NASDAQ:COHU opened at $44.98 on Thursday. The company has a market cap of $2.12 billion, a price-to-earnings ratio of -37.80 and a beta of 1.61. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.31 and a current ratio of 6.43. The stock’s fifty day moving average price is $38.39 and its two-hundred day moving average price is $30.68. Cohu, Inc. has a 52-week low of $16.46 and a 52-week high of $52.43.

Cohu (NASDAQ:COHU) last released its earnings results on Thursday, April 30th. The semiconductor company reported $0.01 EPS for the quarter, missing the consensus estimate 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 firm’s quarterly revenue was up 29.3% on a year-over-year basis. During the same period last year, the business posted ($0.02) earnings per share. On average, analysts anticipate that Cohu, Inc. will post 0.17 EPS for the current year.

Analyst Upgrades and Downgrades

Several analysts have weighed in on COHU shares. Stifel Nicolaus boosted their price objective on Cohu from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, March 18th. Zacks Research raised shares of Cohu from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. B. Riley Financial reiterated a “buy” rating on shares of Cohu in a research report on Monday, April 20th. Needham & Company LLC boosted their price target on shares of Cohu from $33.00 to $54.00 and gave the stock a “buy” rating in a research note on Friday, May 1st. Finally, TD Cowen raised their price objective on shares of Cohu from $35.00 to $60.00 and gave the company a “buy” rating in a research note on Friday, May 1st. Six equities research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $49.00.

Hedge Funds Weigh In On Cohu

Institutional investors have recently modified their holdings of the stock. Bank of America Corp DE raised its position in shares of Cohu by 2.2% in the 1st quarter. Bank of America Corp DE now owns 517,195 shares of the semiconductor company’s stock valued at $15,837,000 after acquiring an additional 11,123 shares during the period. Amundi raised its position in shares of Cohu by 89.0% in the 1st quarter. Amundi now owns 36,844 shares of the semiconductor company’s stock valued at $1,128,000 after acquiring an additional 17,345 shares during the period. California State Teachers Retirement System raised its position in shares of Cohu by 35.8% in the 1st quarter. California State Teachers Retirement System now owns 58,792 shares of the semiconductor company’s stock valued at $1,800,000 after acquiring an additional 15,503 shares during the period. The Manufacturers Life Insurance Company raised its position in shares of Cohu by 44.2% in the 1st quarter. The Manufacturers Life Insurance Company now owns 19,734 shares of the semiconductor company’s stock valued at $604,000 after acquiring an additional 6,045 shares during the period. Finally, Quantinno Capital Management LP raised its position in shares of Cohu by 17.4% in the 1st quarter. Quantinno Capital Management LP now owns 63,417 shares of the semiconductor company’s stock valued at $1,942,000 after acquiring an additional 9,415 shares during the period. 94.67% of the stock is currently 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.