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

Cohu, Inc. (NASDAQ:COHU) SVP Christopher Bohrson sold 1,000 shares of the stock in a transaction on Monday, March 16th. The shares were sold at an average price of $28.57, for a total transaction of $28,570.00. Following the sale, the senior vice president directly owned 176,202 shares of the company’s stock, valued at $5,034,091.14. The trade was a 0.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Cohu Price Performance

Shares of Cohu stock opened at $28.88 on Wednesday. The company’s fifty day simple moving average is $29.38 and its two-hundred day simple moving average is $24.96. Cohu, Inc. has a 12-month low of $12.57 and a 12-month high of $34.96. The firm has a market cap of $1.35 billion, a PE ratio of -18.16 and a beta of 1.27. The company has a quick ratio of 5.69, a current ratio of 6.88 and a debt-to-equity ratio of 0.36.

Cohu (NASDAQ:COHU) last issued its quarterly earnings data on Thursday, February 12th. The semiconductor company reported ($0.15) EPS for the quarter, missing the consensus estimate of $0.07 by ($0.22). The firm had revenue of $122.23 million for the quarter, compared to the consensus estimate of $122.09 million. Cohu had a negative net margin of 16.40% and a negative return on equity of 3.76%. The business’s revenue was up 29.9% on a year-over-year basis. During the same period last year, the company posted ($0.15) earnings per share. As a group, equities analysts expect that Cohu, Inc. will post -0.36 EPS for the current year.

Institutional Trading of Cohu

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Bessemer Group Inc. grew its holdings in shares of Cohu by 45.4% during the 3rd quarter. Bessemer Group Inc. now owns 1,564 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 488 shares during the period. Hantz Financial Services Inc. grew its stake in Cohu by 83.7% in the third quarter. Hantz Financial Services Inc. now owns 1,569 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 715 shares during the period. Farther Finance Advisors LLC raised its holdings in Cohu by 45.0% in the fourth quarter. Farther Finance Advisors LLC now owns 1,456 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 452 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in Cohu during the fourth quarter valued at $34,000. Finally, Los Angeles Capital Management LLC bought a new stake in shares of Cohu during the 4th quarter valued at $37,000. 94.67% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of research analysts have commented on COHU shares. TD Cowen upped their price target on Cohu from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Needham & Company LLC lifted their price objective on Cohu from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. Stifel Nicolaus boosted their target price on Cohu from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th. Weiss Ratings restated a “sell (d-)” rating on shares of Cohu in a report on Wednesday, January 21st. Finally, Evercore started coverage on Cohu in a research note on Monday. They issued an “outperform” rating and a $35.00 price target for the company. Five research analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $33.60.

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.