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

Cohu, Inc. (NASDAQ:COHU) SVP Christopher Bohrson sold 1,000 shares of the stock in a transaction that occurred on Friday, May 15th. The shares were sold at an average price of $46.92, for a total transaction of $46,920.00. Following the completion of the sale, the senior vice president owned 172,702 shares in the company, valued at $8,103,177.84. This represents a 0.58% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at 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 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 value of $76,920.00.
• On Wednesday, April 15th, Christopher Bohrson sold 1,000 shares of Cohu stock. The shares were 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

NASDAQ COHU opened at $42.77 on Wednesday. The company has a quick ratio of 5.31, a current ratio of 6.43 and a debt-to-equity ratio of 0.37. Cohu, Inc. has a fifty-two week low of $16.46 and a fifty-two week high of $52.43. The business has a fifty day moving average of $38.05 and a 200-day moving average of $30.53. The stock has a market cap of $2.02 billion, a price-to-earnings ratio of -35.94 and a beta of 1.61.

Cohu (NASDAQ:COHU) last posted 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 net margin of 11.54% and a negative return on equity of 3.50%. The company had revenue of $125.12 million for the quarter, compared to analyst estimates of $122.14 million. During the same period in the previous year, the business earned ($0.02) EPS. The firm’s revenue was up 29.3% on a year-over-year basis. As a group, analysts predict that Cohu, Inc. will post 0.17 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

COHU has been the topic of a number of analyst reports. TD Cowen raised their target price on shares of Cohu from $35.00 to $60.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Zacks Research raised Cohu from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. B. Riley Financial restated a “buy” rating on shares of Cohu in a report on Monday, April 20th. Jefferies Financial Group set a $60.00 price objective on Cohu and gave the company a “buy” rating in a research report on Friday, May 1st. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Cohu in a research note on Monday, April 20th. Six research 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. According to data from MarketBeat, Cohu presently has an average rating of “Moderate Buy” and a consensus target price of $49.00.

Institutional Trading of Cohu

Several institutional investors have recently made changes to their positions in the stock. Vanguard Personalized Indexing Management LLC raised its position in shares of Cohu by 2.1% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 16,231 shares of the semiconductor company’s stock worth $378,000 after buying an additional 332 shares during the period. Sheets Smith Wealth Management grew its position in Cohu by 3.0% during the first quarter. Sheets Smith Wealth Management now owns 14,644 shares of the semiconductor company’s stock valued at $448,000 after acquiring an additional 420 shares during the period. US Bancorp DE increased its stake in Cohu by 4.6% during the third quarter. US Bancorp DE now owns 9,847 shares of the semiconductor company’s stock worth $200,000 after acquiring an additional 432 shares during the last quarter. Farther Finance Advisors LLC increased its stake in 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 acquiring an additional 452 shares during the last quarter. Finally, Amalgamated Bank raised its holdings in shares of Cohu by 3.4% in the 3rd quarter. Amalgamated Bank now owns 13,712 shares of the semiconductor company’s stock worth $279,000 after purchasing an additional 457 shares during the period. 94.67% of the stock is owned by hedge funds and other institutional investors.

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.