Christopher Bohrson Sells 10,000 Shares of Cohu (NASDAQ:COHU) Stock

Cohu, Inc. (NASDAQ:COHU) SVP Christopher Bohrson sold 10,000 shares of the stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $55.82, for a total value of $558,200.00. Following the sale, the senior vice president directly owned 159,702 shares in the company, valued at $8,914,565.64. This trade represents a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through 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 Monday, August 17th, Christopher Bohrson sold 1,000 shares of Cohu stock. The stock was sold at an average price of $61.90, for a total value of $61,900.00.
• On Monday, June 15th, Christopher Bohrson sold 1,000 shares of Cohu stock. The stock was sold at an average price of $63.88, for a total value of $63,880.00.

Cohu Price Performance

COHU opened at $54.37 on Friday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 4.72 and a current ratio of 5.74. The stock has a market capitalization of $2.57 billion, a P/E ratio of -65.51 and a beta of 1.59. The company’s 50-day simple moving average is $56.82 and its two-hundred day simple moving average is $45.15. Cohu, Inc. has a 52-week low of $18.67 and a 52-week high of $74.60.

Cohu (NASDAQ:COHU) last announced its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $0.26 EPS for the quarter, topping analysts’ consensus estimates of $0.14 by $0.12. Cohu had a negative net margin of 7.43% and a negative return on equity of 1.96%. The firm had revenue of $149.00 million during the quarter, compared to analyst estimates of $144.20 million. During the same period in the previous year, the business posted $0.02 earnings per share. The business’s revenue for the quarter was up 38.3% on a year-over-year basis. As a group, analysts predict that Cohu, Inc. will post 0.47 EPS for the current year.

Institutional Investors Weigh In On Cohu

Institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. purchased a new stake in shares of Cohu during the second quarter worth about $545,932,000. SG Capital Management LLC purchased a new position in Cohu in the 4th quarter worth approximately $33,174,000. The Manufacturers Life Insurance Company purchased a new position in Cohu in the 2nd quarter worth approximately $77,814,000. Invesco Ltd. boosted its stake in 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 purchasing an additional 972,088 shares during the period. Finally, Emerald Advisers LLC bought a new position in Cohu in the 1st quarter worth approximately $23,887,000. 94.67% of the stock is owned by institutional investors.

Analysts Set New Price Targets

COHU has been the subject of a number of research analyst reports. Craig Hallum reaffirmed a “buy” rating and issued a $74.00 target price on shares of Cohu in a research report on Friday, July 31st. TD Cowen increased their price target on Cohu from $60.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, June 16th. Jefferies Financial Group restated a “buy” rating and issued a $74.00 price target on shares of Cohu in a research note on Friday, July 31st. Needham & Company LLC lifted their price objective on Cohu from $54.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Finally, Zacks Research upgraded Cohu from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Two research analysts have rated the stock with a Strong Buy rating, seven have issued a Buy rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has an average rating of “Buy” and an average price target of $68.75.

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.