Cohu (NASDAQ:COHU) SVP Christopher Bohrson Sells 10,000 Shares

Cohu, Inc. (NASDAQ:COHU) SVP Christopher Bohrson sold 10,000 shares of the firm’s stock in a transaction on Wednesday, August 19th. The shares were sold at an average price of $55.82, for a total transaction of $558,200.00. Following the completion of the transaction, the senior vice president directly owned 159,702 shares in the company, valued at approximately $8,914,565.64. This represents a 5.89% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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, 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.
• On Monday, June 15th, Christopher Bohrson sold 1,000 shares of Cohu stock. The stock was sold at an average price of $63.88, for a total transaction of $63,880.00.

Cohu Stock Up 0.5%

Shares of NASDAQ COHU opened at $54.37 on Friday. Cohu, Inc. has a 12-month low of $18.67 and a 12-month high of $74.60. The company has a market cap of $2.57 billion, a P/E ratio of -65.51 and a beta of 1.59. 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 stock has a fifty day moving average price of $56.82 and a 200 day moving average price of $45.15.

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

Hedge Funds Weigh In On Cohu

A number of hedge funds have recently bought and sold shares of COHU. Assenagon Asset Management S.A. bought a new position in Cohu during the 1st quarter worth approximately $705,000. Vanguard Group Inc. increased its holdings in shares of Cohu by 1.3% in the 4th quarter. Vanguard Group Inc. now owns 4,361,164 shares of the semiconductor company’s stock valued at $101,484,000 after acquiring an additional 57,618 shares during the last quarter. Mizuho Markets Americas LLC increased its holdings in shares of Cohu by 349.3% in the 4th quarter. Mizuho Markets Americas LLC now owns 302,838 shares of the semiconductor company’s stock valued at $7,047,000 after acquiring an additional 235,438 shares during the last quarter. Louisiana State Employees Retirement System acquired a new stake in shares of Cohu during the 1st quarter valued at approximately $634,000. Finally, Leeward Investments LLC MA raised its position in shares of Cohu by 4.0% during the 1st quarter. Leeward Investments LLC MA now owns 646,133 shares of the semiconductor company’s stock valued at $19,785,000 after acquiring an additional 24,755 shares in the last quarter. 94.67% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research firms recently commented on COHU. B. Riley Financial boosted their price target on Cohu from $65.00 to $69.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Craig Hallum reaffirmed a “buy” rating and issued a $74.00 price objective on shares of Cohu in a research report on Friday, July 31st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cohu in a research note on Friday, July 17th. Robert W. Baird began coverage on shares of Cohu in a research report on Wednesday, July 8th. They set an “outperform” rating and a $65.00 target price on the stock. Finally, Needham & Company LLC upped their target price on shares of Cohu from $54.00 to $65.00 and gave the company a “buy” rating in a research note on Friday, July 31st. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Sell rating to the company’s stock. According to data from MarketBeat.com, Cohu has a consensus rating of “Buy” and a consensus price target of $68.75.

About Cohu

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.