Cohu (NASDAQ:COHU) Insider Christopher Bohrson Sells 1,000 Shares

Cohu, Inc. (NASDAQ:COHU) insider Christopher Bohrson sold 1,000 shares of Cohu stock in a transaction that occurred on Monday, September 15th. The shares were sold at an average price of $51.07, for a total transaction of $51,070.00. Following the sale, the insider owned 158,702 shares of the company’s stock, valued at approximately $8,104,911.14. The trade was a 0.63% decrease in their ownership of the stock. The sale was disclosed in a legal filing 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 Wednesday, August 19th, Christopher Bohrson sold 10,000 shares of Cohu stock. The shares were sold at an average price of $55.82, for a total transaction of $558,200.00.
• 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 transaction of $61,900.00.

Cohu Price Performance

COHU traded up $3.94 during trading on Thursday, reaching $55.00. The stock had a trading volume of 976,602 shares, compared to its average volume of 903,058. The stock has a market cap of $2.60 billion, a PE ratio of -66.26 and a beta of 1.58. The company has a debt-to-equity ratio of 0.37, a quick ratio of 4.72 and a current ratio of 5.74. Cohu, Inc. has a one year low of $18.67 and a one year high of $74.60. The business has a 50-day moving average of $51.96 and a 200-day moving average of $47.92.

Cohu (NASDAQ:COHU) last issued its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $0.26 earnings per share (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 analyst estimates of $144.20 million. Cohu had a negative return on equity of 1.96% and a negative net margin of 7.43%.The company’s revenue was up 38.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $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.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on COHU. Robert W. Baird started coverage on shares of Cohu in a research report on Wednesday, July 8th. They issued an “outperform” rating and a $65.00 target price on the stock. Jefferies Financial Group reaffirmed a “buy” rating and issued a $74.00 price target on shares of Cohu in a research note on Friday, July 31st. Craig Hallum reiterated a “buy” rating and issued a $74.00 price objective on shares of Cohu in a research report on Friday, July 31st. Zacks Research lowered Cohu from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 28th. Finally, B. Riley Financial raised their target price on shares of Cohu from $65.00 to $69.00 and gave the stock a “buy” rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $68.75.

Institutional Trading of Cohu

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. purchased a new position in Cohu during the 2nd quarter valued at $545,932,000. The Manufacturers Life Insurance Company purchased a new stake in Cohu in the second quarter worth about $77,814,000. Royce & Associates LP raised its position in shares of Cohu by 0.4% in the 4th quarter. Royce & Associates LP now owns 1,918,424 shares of the semiconductor company’s stock worth $44,642,000 after acquiring an additional 7,927 shares in the last quarter. Paradigm Capital Management Inc. NY purchased a new stake in Cohu in the second quarter worth $42,794,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in Cohu during the second quarter valued at $38,523,000. Hedge funds and other institutional investors own 94.67% of the company’s stock.

About Cohu

Cohu, Inc is a semiconductor test and inspection equipment company that develops products used throughout the semiconductor manufacturing process. Its portfolio includes semiconductor test handlers, test contactors, inspection and metrology systems, thermal-management solutions, and software for managing and analyzing test data.

The company’s equipment helps semiconductor manufacturers and outsourced semiconductor assembly and test providers handle, connect, test, inspect, and characterize packaged semiconductor devices.