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

Cohu, Inc. (NASDAQ:COHU) SVP Christopher Bohrson sold 1,000 shares of the stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $63.88, for a total transaction of $63,880.00. Following the completion of the sale, the senior vice president owned 171,702 shares in the company, valued at $10,968,323.76. This represents a 0.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 Friday, May 15th, Christopher Bohrson sold 1,000 shares of Cohu stock. The shares were sold at an average price of $46.92, for a total value of $46,920.00.
• 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 transaction 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 transaction of $38,000.00.

Cohu Stock Up 1.1%

Shares of NASDAQ:COHU traded up $0.68 during midday trading on Tuesday, reaching $64.73. 1,245,580 shares of the company were exchanged, compared to its average volume of 1,099,047. Cohu, Inc. has a fifty-two week low of $17.71 and a fifty-two week high of $69.63. The company has a quick ratio of 5.31, a current ratio of 6.43 and a debt-to-equity ratio of 0.37. The stock has a fifty day simple moving average of $47.05 and a two-hundred day simple moving average of $34.61. The firm has a market cap of $3.05 billion, a PE ratio of -54.63 and a beta of 1.62.

Cohu (NASDAQ:COHU) last issued its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). Cohu had a negative return on equity of 3.50% and a negative net margin of 11.54%.The company had revenue of $125.12 million for the quarter, compared to analyst estimates of $122.14 million. During the same quarter in the previous year, the business earned ($0.02) earnings per share. The company’s revenue was up 29.3% on a year-over-year basis. As a group, sell-side analysts forecast that Cohu, Inc. will post 0.17 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in COHU. Tudor Investment Corp ET AL acquired a new position in Cohu during the 3rd quarter worth about $243,960,000. Vanguard Group Inc. lifted its holdings in Cohu by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 4,361,164 shares of the semiconductor company’s stock worth $101,484,000 after buying an additional 57,618 shares during the period. Royce & Associates LP increased its position in shares of Cohu by 0.4% during the fourth quarter. Royce & Associates LP now owns 1,918,424 shares of the semiconductor company’s stock worth $44,642,000 after buying an additional 7,927 shares during the period. State Street Corp increased its position in shares of Cohu by 0.3% during the fourth quarter. State Street Corp now owns 1,819,530 shares of the semiconductor company’s stock worth $42,340,000 after buying an additional 5,439 shares during the period. Finally, SG Capital Management LLC acquired a new position in Cohu in the fourth quarter valued at approximately $33,174,000. Institutional investors and hedge funds own 94.67% of the company’s stock.

Analyst Ratings Changes

COHU has been the subject of a number of recent analyst reports. Zacks Research upgraded 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 note on Monday, April 20th. TD Cowen boosted their price target on Cohu from $60.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday. Weiss Ratings restated a “sell (d-)” rating on shares of Cohu in a research note on Monday, April 20th. Finally, Needham & Company LLC raised their target price on shares of Cohu from $33.00 to $54.00 and gave the company a “buy” rating in a research report on Friday, May 1st. Six investment analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $52.33.

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.