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

Cohu, Inc. (NASDAQ:COHU) SVP Christopher Bohrson sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 17th. The shares were sold at an average price of $61.90, for a total transaction of $61,900.00. Following the completion of the sale, the senior vice president owned 169,702 shares of the company’s stock, valued at approximately $10,504,553.80. This trade represents a 0.59% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 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 Price Performance

Shares of COHU opened at $55.19 on Thursday. The company has a market capitalization of $2.61 billion, a price-to-earnings ratio of -66.49 and a beta of 1.59. Cohu, Inc. has a fifty-two week low of $18.67 and a fifty-two week high of $74.60. 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 business’s 50-day moving average is $57.05 and its 200-day moving average is $44.91.

Cohu (NASDAQ:COHU) last announced its quarterly earnings data 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 business 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%.Cohu’s quarterly revenue was up 38.3% compared to the same quarter last year. During the same period last year, the company earned $0.02 earnings per share. Equities research analysts expect that Cohu, Inc. will post 0.47 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors have recently modified their holdings of the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in Cohu by 7.5% during the 2nd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 99,125 shares of the semiconductor company’s stock worth $7,326,000 after buying an additional 6,880 shares in the last quarter. Public Employees Retirement System of Ohio acquired a new stake in Cohu in the 2nd quarter valued at about $79,000. Corient Private Wealth LP acquired a new stake in Cohu in the 2nd quarter valued at about $568,000. Bank of America Corp DE bought a new position in shares of Cohu in the second quarter worth about $17,744,000. Finally, Freestone Grove Partners LP acquired a new position in shares of Cohu during the second quarter worth approximately $829,000. Institutional investors own 94.67% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently commented on COHU shares. Needham & Company LLC upped their price target on Cohu from $54.00 to $65.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Craig Hallum reaffirmed a “buy” rating and set a $74.00 target price on shares of Cohu in a research report on Friday, July 31st. Stifel Nicolaus upped their target price on shares of Cohu from $50.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, July 10th. TD Cowen increased their target price on shares of Cohu from $60.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, June 16th. Finally, B. Riley Financial upped their price target on Cohu from $65.00 to $69.00 and gave the company a “buy” rating in a report on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Buy” and an average 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.