Cohu (NASDAQ:COHU) SVP Sells $63,880.00 in Stock

Cohu, Inc. (NASDAQ:COHU) SVP Christopher Bohrson sold 1,000 shares of the stock in a transaction on Monday, June 15th. The shares were sold at an average price of $63.88, for a total value of $63,880.00. Following the completion of the transaction, the senior vice president owned 171,702 shares of the company’s stock, valued at $10,968,323.76. This trade represents a 0.58% decrease in their position. The transaction 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 shares were 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 shares were sold at an average price of $38.00, for a total transaction of $38,000.00.

Cohu Stock Up 1.1%

Shares of COHU stock traded up $0.68 during trading on Tuesday, hitting $64.73. 1,245,580 shares of the company were exchanged, compared to its average volume of 1,099,047. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.31 and a current ratio of 6.43. Cohu, Inc. has a twelve month low of $17.71 and a twelve month high of $69.63. The business’s 50-day simple moving average is $47.05 and its 200 day simple moving average is $34.61. The firm has a market capitalization of $3.05 billion, a price-to-earnings ratio of -54.63 and a beta of 1.62.

Cohu (NASDAQ:COHU) last released its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business had revenue of $125.12 million during the quarter, compared to analyst estimates of $122.14 million. During the same period in the previous year, the firm posted ($0.02) EPS. The firm’s revenue for the quarter was up 29.3% on a year-over-year basis. As a group, analysts forecast that Cohu, Inc. will post 0.17 EPS for the current fiscal year.

Hedge Funds Weigh In On Cohu

Several large investors have recently made changes to their positions in COHU. Bessemer Group Inc. lifted its stake in shares of Cohu by 45.4% during the third quarter. Bessemer Group Inc. now owns 1,564 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 488 shares during the period. Hollencrest Capital Management acquired a new position in shares of Cohu during the first quarter valued at $31,000. Farther Finance Advisors LLC lifted its stake 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 valued at $34,000 after acquiring an additional 452 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of Cohu during the fourth quarter valued at $34,000. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Cohu during the fourth quarter valued at $37,000. Institutional investors and hedge funds own 94.67% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on COHU shares. Weiss Ratings restated a “sell (d-)” rating on shares of Cohu in a research note on Monday, April 20th. Zacks Research upgraded Cohu from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. Stifel Nicolaus upped their target price on Cohu from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, March 18th. B. Riley Financial restated a “buy” rating on shares of Cohu in a research note on Monday, April 20th. Finally, Evercore reaffirmed an “outperform” rating and set a $53.00 price objective on shares of Cohu in a report on Tuesday, April 28th. Six analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $52.33.

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.