Cohu (NASDAQ:COHU) SVP Sells 10,000 Shares of Stock

Cohu, Inc. (NASDAQ:COHU) SVP Christopher Bohrson sold 10,000 shares of the stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $55.82, for a total transaction of $558,200.00. Following the completion of the transaction, the senior vice president owned 159,702 shares in the company, valued at approximately $8,914,565.64. This trade represents a 5.89% decrease in their position. The sale was disclosed in a document filed 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 shares were sold at an average price of $61.90, for a total transaction of $61,900.00.
• On Monday, June 15th, Christopher Bohrson sold 1,000 shares of Cohu stock. The shares were sold at an average price of $63.88, for a total transaction of $63,880.00.

Cohu Stock Performance

Shares of Cohu stock traded up $0.26 during trading on Friday, hitting $54.37. 789,189 shares of the company’s stock were exchanged, compared to its average volume of 1,136,361. The company has a debt-to-equity ratio of 0.37, a quick ratio of 4.72 and a current ratio of 5.74. The business has a 50-day simple moving average of $56.96 and a 200-day simple moving average of $45.09. Cohu, Inc. has a 52-week low of $18.67 and a 52-week high of $74.60. The stock has a market capitalization of $2.57 billion, a price-to-earnings ratio of -65.51 and a beta of 1.59.

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

Analysts Set New Price Targets

Several research analysts recently weighed in on the company. Stifel Nicolaus lifted their price target on Cohu from $50.00 to $70.00 and gave the company a “buy” rating in a research report on Friday, July 10th. Needham & Company LLC upped their price objective on Cohu from $54.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. TD Cowen lifted their target price on shares of Cohu from $60.00 to $80.00 and gave the company a “buy” rating in a report on Tuesday, June 16th. Craig Hallum reiterated a “buy” rating and issued a $74.00 target price on shares of Cohu in a research note on Friday, July 31st. Finally, Robert W. Baird began coverage on shares of Cohu in a report on Wednesday, July 8th. They set an “outperform” rating and a $65.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and an average target price of $68.75.

Institutional Trading of Cohu

Several institutional investors have recently bought and sold shares of COHU. Hollencrest Capital Management acquired a new position in shares of Cohu during the 1st quarter worth approximately $31,000. Farther Finance Advisors LLC grew its stake in Cohu by 45.0% in the 4th 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 purchased a new stake in Cohu in the 4th quarter worth $34,000. Nykredit A S acquired a new position in Cohu during the second quarter worth $36,000. Finally, Los Angeles Capital Management LLC acquired a new position in Cohu during the fourth quarter worth $37,000. 94.67% of the stock is owned by institutional investors and hedge funds.

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.