Cohu (NASDAQ:COHU) Insider Sells $55,310.00 in Stock

Cohu, Inc. (NASDAQ:COHU) insider Christopher Bohrson sold 1,000 shares of the stock in a transaction dated Thursday, October 15th. The stock was sold at an average price of $55.31, for a total transaction of $55,310.00. Following the sale, the insider directly owned 157,702 shares in the company, valued at approximately $8,722,497.62. This represents a 0.63% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 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 shares were sold at an average price of $61.90, for a total transaction of $61,900.00.

Cohu Stock Down 7.4%

Shares of Cohu stock traded down $4.09 during trading hours on Friday, reaching $50.81. 964,486 shares of the company’s stock were exchanged, compared to its average volume of 1,115,575. Cohu, Inc. has a fifty-two week low of $21.10 and a fifty-two week high of $75.72. The stock has a market cap of $2.41 billion, a P/E ratio of -61.22 and a beta of 1.51. The company has a current ratio of 5.74, a quick ratio of 4.72 and a debt-to-equity ratio of 0.37. The company has a 50 day moving average of $57.91 and a two-hundred day moving average of $53.05.

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

Hedge Funds Weigh In On Cohu

Several hedge funds and other institutional investors have recently bought and sold shares of COHU. BlackRock Inc. purchased a new stake in Cohu during the second quarter valued at $545,932,000. The Manufacturers Life Insurance Company bought a new stake in shares of Cohu during the 2nd quarter valued at $77,814,000. Emerald Advisers LLC purchased a new position in shares of Cohu in the first quarter valued at about $23,887,000. Paradigm Capital Management Inc. NY bought a new position in Cohu in the 2nd quarter worth approximately $42,794,000. Finally, Segall Bryant & Hamill LLC boosted its position in shares of Cohu by 125.5% during the first quarter. Segall Bryant & Hamill LLC now owns 955,344 shares of the semiconductor company’s stock worth $29,253,000 after acquiring an additional 531,661 shares during the last quarter. Institutional investors own 94.67% of the company’s stock.

Analysts Set New Price Targets

COHU has been the subject of several recent analyst reports. Zacks Research downgraded shares of Cohu from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 28th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cohu in a research note on Thursday. Stifel Nicolaus increased their price objective on Cohu from $50.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Robert W. Baird initiated coverage on Cohu in a report on Wednesday, July 8th. They set an “outperform” rating and a $65.00 price objective for the company. Finally, Craig Hallum restated a “buy” rating and issued a $74.00 price objective on shares of Cohu in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $68.75.

About Cohu

Cohu, Inc provides semiconductor test and inspection equipment, consumables and related services used by semiconductor manufacturers and outsourced semiconductor assembly and test providers. Its solutions support the testing and handling of integrated circuits throughout the manufacturing process, helping customers evaluate device performance, reliability and quality.

The company’s product portfolio includes semiconductor test handlers, inspection and metrology systems, thermal-management equipment, test contactors and other interface products.