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

by · The Cerbat Gem

Cohu, Inc. (NASDAQ:COHU – Get Free Report) SVP Christopher Bohrson sold 1,000 shares of the firm’s stock in a transaction on Monday, August 17th. The stock was sold at an average price of $61.90, for a total value of $61,900.00. Following the completion of the sale, the senior vice president directly owned 169,702 shares of the company’s stock, valued at $10,504,553.80. The trade was a 0.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible 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 Stock Down 5.4%

Cohu stock traded down $3.40 during midday trading on Tuesday, reaching $59.22. The company’s stock had a trading volume of 1,836,272 shares, compared to its average volume of 1,140,179. 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 stock has a market capitalization of $2.80 billion, a P/E ratio of -71.35 and a beta of 1.59. The stock’s 50-day simple moving average is $56.95 and its 200-day simple moving average is $44.51. Cohu, Inc. has a 52-week low of $18.67 and a 52-week high of $74.60.

Cohu (NASDAQ:COHU – Get Free Report) last issued its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $0.26 earnings per share for the quarter, topping analysts’ consensus estimates 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 business had revenue of $149.00 million for the quarter, compared to analyst estimates of $144.20 million. During the same quarter in the previous year, the firm earned $0.02 earnings per share. The company’s revenue was up 38.3% on a year-over-year basis. On average, sell-side analysts expect that Cohu, Inc. will post 0.47 EPS for the current year.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the stock. Vanguard Personalized Indexing Management LLC boosted its position in Cohu by 2.1% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 16,231 shares of the semiconductor company’s stock worth $378,000 after purchasing an additional 332 shares in the last quarter. Sheets Smith Wealth Management increased its holdings in shares of Cohu by 3.0% during the 1st quarter. Sheets Smith Wealth Management now owns 14,644 shares of the semiconductor company’s stock valued at $448,000 after purchasing an additional 420 shares in the last quarter. US Bancorp DE lifted its stake in shares of Cohu by 4.6% in the 3rd quarter. US Bancorp DE now owns 9,847 shares of the semiconductor company’s stock valued at $200,000 after purchasing an additional 432 shares during the period. Farther Finance Advisors LLC lifted its stake in shares of Cohu by 45.0% in the 4th quarter. Farther Finance Advisors LLC now owns 1,456 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 452 shares during the period. Finally, CANADA LIFE ASSURANCE Co lifted its stake in shares of Cohu by 0.9% in the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 65,233 shares of the semiconductor company’s stock valued at $1,255,000 after purchasing an additional 576 shares during the period. 94.67% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

COHU has been the topic of a number of recent analyst reports. Stifel Nicolaus upped their price target 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. Robert W. Baird began coverage on shares of Cohu in a report on Wednesday, July 8th. They set an “outperform” rating and a $65.00 price objective on the stock. Weiss Ratings restated a “sell (d-)” rating on shares of Cohu in a research note on Friday, July 17th. Jefferies Financial Group reaffirmed a “buy” rating and set a $74.00 price target on shares of Cohu in a research report on Friday, July 31st. Finally, TD Cowen boosted their price target on Cohu from $60.00 to $80.00 and gave the company a “buy” rating in a research note on Tuesday, June 16th. Two analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, Cohu currently has a consensus rating of “Buy” and a consensus target price of $68.75.

Get Our Latest Stock Report on Cohu

About Cohu

(Get Free Report)

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.

See Also