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

Cohu, Inc. (NASDAQ:COHU) SVP Christopher Bohrson sold 1,500 shares of the business’s stock in a transaction dated Monday, May 11th. The shares were sold at an average price of $51.28, for a total value of $76,920.00. Following the transaction, the senior vice president owned 173,702 shares in the company, valued at $8,907,438.56. This represents a 0.86% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 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 value of $28,570.00.

Cohu Stock Performance

COHU opened at $49.16 on Thursday. The stock’s 50 day simple moving average is $36.70 and its 200-day simple moving average is $29.90. The company has a current ratio of 6.43, a quick ratio of 5.31 and a debt-to-equity ratio of 0.37. The stock has a market cap of $2.32 billion, a PE ratio of -41.31 and a beta of 1.61. Cohu, Inc. has a 1 year low of $16.46 and a 1 year high of $52.43.

Cohu (NASDAQ:COHU) last issued 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 the consensus estimate 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 for the quarter was up 29.3% compared to the same quarter last year. During the same period last year, the business earned ($0.02) earnings per share. Sell-side analysts forecast that Cohu, Inc. will post 0.17 EPS for the current year.

Hedge Funds Weigh In On Cohu

Several institutional investors have recently modified their holdings of COHU. Vanguard Personalized Indexing Management LLC grew its holdings in Cohu by 2.1% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 16,231 shares of the semiconductor company’s stock valued at $378,000 after purchasing an additional 332 shares during the period. Sheets Smith Wealth Management raised its holdings in Cohu by 3.0% in the first quarter. Sheets Smith Wealth Management now owns 14,644 shares of the semiconductor company’s stock worth $448,000 after purchasing an additional 420 shares during the period. US Bancorp DE raised its holdings in Cohu by 4.6% in the third quarter. US Bancorp DE now owns 9,847 shares of the semiconductor company’s stock worth $200,000 after purchasing an additional 432 shares during the period. Farther Finance Advisors LLC boosted its position in shares of Cohu by 45.0% during the fourth quarter. Farther Finance Advisors LLC now owns 1,456 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 452 shares in the last quarter. Finally, Amalgamated Bank boosted its position in shares of Cohu by 3.4% during the third quarter. Amalgamated Bank now owns 13,712 shares of the semiconductor company’s stock worth $279,000 after purchasing an additional 457 shares in the last quarter. 94.67% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

COHU has been the subject of several analyst reports. B. Riley Financial reissued a “buy” rating on shares of Cohu in a report on Monday, April 20th. Zacks Research upgraded Cohu from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. Jefferies Financial Group set a $60.00 price target on shares of Cohu and gave the stock a “buy” rating in a research report on Friday, May 1st. Stifel Nicolaus increased their price objective on shares of Cohu from $32.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, March 18th. 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 issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $49.00.

Cohu Company Profile

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.