Cohu (NASDAQ:COHU) SVP Sells $558,200.00 in Stock

Cohu, Inc. (NASDAQ:COHU) SVP Christopher Bohrson sold 10,000 shares of Cohu stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $55.82, for a total value of $558,200.00. Following the transaction, the senior vice president owned 159,702 shares in the company, valued at $8,914,565.64. This trade represents a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through 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 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.
• On Monday, June 15th, Christopher Bohrson sold 1,000 shares of Cohu stock. The stock was sold at an average price of $63.88, for a total value of $63,880.00.

Cohu Price Performance

NASDAQ COHU opened at $54.37 on Monday. Cohu, Inc. has a 52 week low of $18.67 and a 52 week high of $74.60. The company has a quick ratio of 4.72, a current ratio of 5.74 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $2.57 billion, a P/E ratio of -65.51 and a beta of 1.59. The stock’s 50-day moving average price is $56.82 and its 200-day moving average price is $45.26.

Cohu (NASDAQ:COHU) last announced its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.12. Cohu had a negative return on equity of 1.96% and a negative net margin of 7.43%.The company had revenue of $149.00 million during the quarter, compared to the consensus estimate of $144.20 million. During the same period in the previous year, the company posted $0.02 EPS. The firm’s revenue was up 38.3% on a year-over-year basis. On average, equities research analysts predict that Cohu, Inc. will post 0.47 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Nykredit A S purchased a new stake in shares of Cohu in the second quarter worth about $36,000. Mitsubishi UFJ Asset Management Co. Ltd. bought a new position in Cohu during the second quarter valued at approximately $48,000. Allworth Financial LP purchased a new position in Cohu during the 2nd quarter valued at approximately $65,000. Hollencrest Capital Management purchased a new position in Cohu during the 1st quarter valued at approximately $31,000. Finally, Public Employees Retirement System of Ohio bought a new stake in Cohu in the 2nd quarter worth approximately $79,000. Institutional investors own 94.67% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have recently commented on COHU shares. Needham & Company LLC raised 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. Evercore reaffirmed an “outperform” rating and issued a $53.00 target price on shares of Cohu in a report on Tuesday, April 28th. Zacks Research upgraded Cohu from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th. B. Riley Financial raised their price target on Cohu from $65.00 to $69.00 and gave the company a “buy” rating in a report on Friday, July 31st. Finally, Craig Hallum reaffirmed a “buy” rating and issued a $74.00 price objective on shares of Cohu in a research note on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat, Cohu has an average rating of “Buy” and an average price target of $68.75.

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.