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 Wednesday, April 15th. The stock was sold at an average price of $38.00, for a total value of $38,000.00. Following the transaction, the senior vice president directly owned 175,202 shares in the company, valued at $6,657,676. The trade was a 0.57% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through 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 Monday, March 16th, Christopher Bohrson sold 1,000 shares of Cohu stock. The stock was sold at an average price of $28.57, for a total value of $28,570.00.

Cohu Price Performance

COHU opened at $41.26 on Friday. Cohu, Inc. has a 12-month low of $13.66 and a 12-month high of $42.17. The company has a current ratio of 6.88, a quick ratio of 5.69 and a debt-to-equity ratio of 0.36. The business’s fifty day simple moving average is $31.60 and its 200-day simple moving average is $26.89. The company has a market capitalization of $1.95 billion, a price-to-earnings ratio of -25.95 and a beta of 1.24.

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

Analyst Ratings Changes

A number of equities research analysts recently weighed in on the company. Zacks Research cut Cohu from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 19th. B. Riley Financial decreased their price objective on Cohu from $35.00 to $33.00 and set a “buy” rating for the company in a research note on Friday, February 13th. Needham & Company LLC upped their price objective on Cohu from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cohu in a research note on Wednesday, January 21st. Finally, Stifel Nicolaus increased their price target on Cohu from $32.00 to $34.00 and gave the company a “buy” rating in a research note on Wednesday, March 18th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Cohu has an average rating of “Hold” and a consensus price target of $34.00.

Institutional Investors Weigh In On Cohu

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Tudor Investment Corp ET AL purchased a new stake in Cohu in the third quarter valued at about $243,960,000. Vanguard Group Inc. increased its holdings in shares of Cohu by 1.3% in the fourth quarter. Vanguard Group Inc. now owns 4,361,164 shares of the semiconductor company’s stock valued at $101,484,000 after purchasing an additional 57,618 shares during the period. Royce & Associates LP increased its holdings in shares of Cohu by 0.4% in the fourth quarter. Royce & Associates LP now owns 1,918,424 shares of the semiconductor company’s stock valued at $44,642,000 after purchasing an additional 7,927 shares during the period. State Street Corp increased its holdings in shares of Cohu by 0.3% in the fourth quarter. State Street Corp now owns 1,819,530 shares of the semiconductor company’s stock valued at $42,340,000 after purchasing an additional 5,439 shares during the period. Finally, Tributary Capital Management LLC increased its holdings in shares of Cohu by 131.5% in the third quarter. Tributary Capital Management LLC now owns 1,520,386 shares of the semiconductor company’s stock valued at $30,909,000 after purchasing an additional 863,654 shares during the period. 94.67% of the stock is currently owned by hedge funds and other institutional investors.

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.