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

Cohu, Inc. (NASDAQ:COHU) insider Christopher Bohrson sold 1,000 shares of the stock in a transaction dated Thursday, October 15th. The shares were sold at an average price of $55.31, for a total value of $55,310.00. Following the completion of the sale, the insider owned 157,702 shares of the company’s stock, valued at approximately $8,722,497.62. This trade represents a 0.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at 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 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 stock was sold at an average price of $61.90, for a total value of $61,900.00.

Cohu Stock Down 7.4%

NASDAQ COHU traded down $4.09 on Friday, reaching $50.81. The company had a trading volume of 964,486 shares, compared to its average volume of 1,100,696. The firm has a market capitalization of $2.41 billion, a PE ratio of -61.22 and a beta of 1.51. Cohu, Inc. has a 1 year low of $21.10 and a 1 year high of $75.72. The firm has a 50-day moving average of $57.87 and a 200-day moving average of $53.04. 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 issued its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate 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 net margin of 7.43% and a negative return on equity of 1.96%. Cohu’s revenue for the quarter was up 38.3% on a year-over-year basis. During the same quarter last year, the company earned $0.02 earnings per share. On average, equities research analysts anticipate that Cohu, Inc. will post 0.47 EPS for the current fiscal year.

Institutional Investors Weigh In On Cohu

Several hedge funds and other institutional investors have recently bought and sold shares of the business. BlackRock Inc. acquired a new position in shares of Cohu in the 2nd quarter valued at approximately $545,932,000. The Manufacturers Life Insurance Company purchased a new position in shares of Cohu during the 2nd quarter valued at approximately $77,814,000. Segall Bryant & Hamill LLC boosted its stake in shares of Cohu by 125.5% during the 1st quarter. Segall Bryant & Hamill LLC now owns 955,344 shares of the semiconductor company’s stock valued at $29,253,000 after buying an additional 531,661 shares during the last quarter. Emerald Advisers LLC purchased a new position in shares of Cohu during the 1st quarter valued at approximately $23,887,000. Finally, Leeward Investments LLC MA grew its position in shares of Cohu by 4.0% during the first quarter. Leeward Investments LLC MA now owns 646,133 shares of the semiconductor company’s stock worth $19,785,000 after buying an additional 24,755 shares in the last quarter. 94.67% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on COHU. Robert W. Baird started coverage on shares of Cohu in a report on Wednesday, July 8th. They set an “outperform” rating and a $65.00 price target for the company. Craig Hallum reaffirmed a “buy” rating and set a $74.00 price target on shares of Cohu in a research note on Friday, July 31st. B. Riley Financial boosted their price objective on shares of Cohu from $65.00 to $69.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Needham & Company LLC upped their price objective 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. Finally, Jefferies Financial Group reissued a “buy” rating and issued a $74.00 price objective on shares of Cohu in a research report on Friday, July 31st. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, Cohu currently has a consensus rating of “Moderate Buy” and an average price target of $68.75.

Cohu Company Profile

Cohu, Inc provides semiconductor test and inspection equipment, consumables and related services used by semiconductor manufacturers and outsourced semiconductor assembly and test providers. Its solutions support the testing and handling of integrated circuits throughout the manufacturing process, helping customers evaluate device performance, reliability and quality.

The company’s product portfolio includes semiconductor test handlers, inspection and metrology systems, thermal-management equipment, test contactors and other interface products.