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

Cohu, Inc. (NASDAQ:COHU) SVP Christopher Bohrson sold 1,000 shares of the company’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $61.90, for a total transaction of $61,900.00. Following the transaction, the senior vice president owned 169,702 shares of the company’s stock, valued at $10,504,553.80. This represents a 0.59% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, 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, 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 value of $63,880.00.

Cohu Stock Performance

NASDAQ COHU opened at $59.22 on Wednesday. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.74 and a quick ratio of 4.72. The stock’s 50 day simple moving average is $57.03 and its 200-day simple moving average is $44.72. The company has a market cap of $2.80 billion, a PE ratio of -71.35 and a beta of 1.59. Cohu, Inc. has a 1-year low of $18.67 and a 1-year high of $74.60.

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

Institutional Trading of Cohu

Several institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in Cohu during the 2nd quarter worth approximately $545,932,000. SG Capital Management LLC purchased a new position in Cohu in the 4th quarter valued at approximately $33,174,000. The Manufacturers Life Insurance Company purchased a new position in Cohu in the 2nd quarter valued at approximately $77,814,000. Invesco Ltd. grew its stake in shares of Cohu by 478.4% in the second quarter. Invesco Ltd. now owns 1,175,282 shares of the semiconductor company’s stock worth $22,612,000 after acquiring an additional 972,088 shares in the last quarter. Finally, Emerald Advisers LLC acquired a new position in shares of Cohu in the first quarter worth $23,887,000. Institutional investors and hedge funds own 94.67% of the company’s stock.

Wall Street Analyst Weigh In

COHU has been the topic of a number of analyst reports. TD Cowen lifted their price objective on Cohu from $60.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, June 16th. Stifel Nicolaus upped their target price on Cohu from $50.00 to $70.00 and gave the company a “buy” rating in a report on Friday, July 10th. Craig Hallum reaffirmed a “buy” rating and issued a $74.00 target price on shares of Cohu in a research note on Friday, July 31st. Robert W. Baird began coverage on shares of Cohu in a research note on Wednesday, July 8th. They issued an “outperform” rating and a $65.00 price target for the company. Finally, Zacks Research raised shares of Cohu from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. Two 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 stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $68.75.

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.