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

Cohu, Inc. (NASDAQ:COHU) insider Christopher Bohrson sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $51.07, for a total value of $51,070.00. Following the transaction, the insider owned 158,702 shares in the company, valued at $8,104,911.14. The trade was a 0.63% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 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 Wednesday, August 19th, Christopher Bohrson sold 10,000 shares of Cohu stock. The shares were sold at an average price of $55.82, for a total value of $558,200.00.
• On Monday, August 17th, Christopher Bohrson sold 1,000 shares of Cohu stock. The shares were sold at an average price of $61.90, for a total value of $61,900.00.

Cohu Trading Up 5.0%

Shares of COHU stock opened at $57.75 on Friday. The business’s fifty day moving average price is $51.99 and its 200 day moving average price is $47.99. Cohu, Inc. has a 1-year low of $18.67 and a 1-year high of $74.60. The firm has a market capitalization of $2.73 billion, a PE ratio of -69.58 and a beta of 1.58. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.74 and a quick ratio of 4.72.

Cohu (NASDAQ:COHU) last released its earnings results on Thursday, July 30th. The semiconductor company reported $0.26 EPS for the quarter, beating analysts’ consensus estimates of $0.14 by $0.12. The company had revenue of $149.00 million during the quarter, compared to the consensus estimate of $144.20 million. Cohu had a negative return on equity of 1.96% and a negative net margin of 7.43%.Cohu’s quarterly revenue was up 38.3% compared to the same quarter last year. During the same quarter last year, the company earned $0.02 earnings per share. As a group, sell-side analysts forecast that Cohu, Inc. will post 0.47 EPS for the current fiscal year.

Wall Street Analyst Weigh In

A number of analysts recently commented on the stock. Zacks Research downgraded shares of Cohu from a “strong-buy” rating to a “hold” rating in a report on Friday, August 28th. Jefferies Financial Group reaffirmed a “buy” rating and issued a $74.00 target price on shares of Cohu in a report on Friday, July 31st. Needham & Company LLC lifted their price target on shares of Cohu from $54.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Weiss Ratings reissued a “sell (d-)” rating on shares of Cohu in a research note on Friday, July 17th. Finally, B. Riley Financial upped their price target on Cohu from $65.00 to $69.00 and gave the stock a “buy” rating in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, Cohu presently has a consensus rating of “Moderate Buy” and a consensus price target of $68.75.

Institutional Investors Weigh In On Cohu

Large investors have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC purchased a new stake in shares of Cohu in the second quarter valued at about $1,224,000. WINTON GROUP Ltd purchased a new position in Cohu during the second quarter worth $244,000. Engineers Gate Manager LP acquired a new position in shares of Cohu in the second quarter worth $1,839,000. Integrated Wealth Concepts LLC purchased a new stake in shares of Cohu in the second quarter valued at $143,000. Finally, Squarepoint Ops LLC purchased a new stake in shares of Cohu in the second quarter valued at $1,665,000. 94.67% of the stock is owned by institutional investors and hedge funds.

Cohu Company Profile

Cohu, Inc is a semiconductor test and inspection equipment company that develops products used throughout the semiconductor manufacturing process. Its portfolio includes semiconductor test handlers, test contactors, inspection and metrology systems, thermal-management solutions, and software for managing and analyzing test data.

The company’s equipment helps semiconductor manufacturers and outsourced semiconductor assembly and test providers handle, connect, test, inspect, and characterize packaged semiconductor devices.