Cohu (NASDAQ:COHU) SVP Sells $46,920.00 in Stock

Cohu, Inc. (NASDAQ:COHU) SVP Christopher Bohrson sold 1,000 shares of the firm’s stock in a transaction dated Friday, May 15th. The shares were sold at an average price of $46.92, for a total value of $46,920.00. Following the sale, the senior vice president directly owned 172,702 shares in the company, valued at approximately $8,103,177.84. The trade was a 0.58% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 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 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 shares were sold at an average price of $28.57, for a total value of $28,570.00.

Cohu Stock Down 6.7%

COHU stock traded down $3.15 during trading on Monday, reaching $43.99. 790,214 shares of the company traded hands, compared to its average volume of 972,370. The business has a 50 day simple moving average of $37.44 and a 200 day simple moving average of $30.25. 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 12 month low of $16.46 and a 12 month high of $52.43. The company has a market capitalization of $2.08 billion, a price-to-earnings ratio of -36.87 and a beta of 1.61.

Cohu (NASDAQ:COHU) last released its quarterly earnings results 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 business had revenue of $125.12 million during the quarter, compared to analysts’ expectations of $122.14 million. During the same quarter last year, the business posted ($0.02) earnings per share. The company’s quarterly revenue was up 29.3% compared to the same quarter last year. On average, equities research analysts anticipate that Cohu, Inc. will post 0.17 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Hollencrest Capital Management purchased a new position in Cohu during the first quarter valued at approximately $31,000. Kestra Advisory Services LLC acquired a new position in shares of Cohu in the 4th quarter valued at $34,000. Farther Finance Advisors LLC lifted its stake in shares of 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 purchasing an additional 452 shares during the period. Los Angeles Capital Management LLC acquired a new position in shares of Cohu in the 4th quarter valued at $37,000. Finally, Bessemer Group Inc. lifted its stake in shares of Cohu by 45.4% in the 3rd quarter. Bessemer Group Inc. now owns 1,564 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 488 shares during the period. 94.67% of the stock is currently owned by hedge funds and other institutional investors.

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. TD Cowen lifted their target price on Cohu from $35.00 to $60.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Evercore reaffirmed an “outperform” rating and set a $53.00 target price on shares of Cohu in a report on Tuesday, April 28th. Jefferies Financial Group set a $60.00 target price on Cohu and gave the stock a “buy” rating in a report on Friday, May 1st. Finally, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cohu in a report on Monday, April 20th. Six analysts have rated the stock with a Buy rating, one has given a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $49.00.

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.