Key Points
- Cohu SVP Christopher Bohrson sold 1,000 shares on April 15 at an average price of $38 for $38,000 under a pre‑arranged Rule 10b5‑1 plan to cover tax withholding, leaving him with 175,202 shares (a 0.57% ownership decrease).
- Despite 29.9% year‑over‑year revenue growth, Cohu posted an EPS miss (−$0.15 vs. $0.07 expected) and the stock currently trades above the analysts' consensus price target of $34, with an average rating of "Hold" (five Buys, two Sells).
Cohu, Inc. (NASDAQ:COHU - Get Free Report) SVP Christopher Bohrson sold 1,000 shares of the stock in a transaction dated Wednesday, April 15th. The shares were sold at an average price of $38.00, for a total value of $38,000.00. Following the completion of the transaction, the senior vice president directly owned 175,202 shares in the company, valued at $6,657,676. This represents a 0.57% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at 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 shares were sold at an average price of $28.57, for a total value of $28,570.00.
Cohu Stock Up 4.8%
Shares of COHU stock opened at $41.26 on Friday. The firm has a market capitalization of $1.95 billion, a PE ratio of -25.95 and a beta of 1.24. Cohu, Inc. has a fifty-two week low of $13.66 and a fifty-two week high of $42.17. The stock's 50-day simple moving average is $31.60 and its 200-day simple moving average is $26.89. The company has a debt-to-equity ratio of 0.36, a quick ratio of 5.69 and a current ratio of 6.88.
Cohu (NASDAQ:COHU - Get Free Report) last posted its earnings results 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 company had revenue of $122.23 million for the quarter, compared to analyst estimates of $122.09 million. Cohu had a negative return on equity of 3.76% and a negative net margin of 16.40%.The firm's revenue was up 29.9% on a year-over-year basis. During the same period last year, the business earned ($0.15) earnings per share. Equities analysts expect that Cohu, Inc. will post -0.36 earnings per share for the current year.
Analyst Upgrades and Downgrades
Several analysts recently commented on COHU shares. Stifel Nicolaus raised their target price on Cohu from $32.00 to $34.00 and gave the stock a "buy" rating in a report on Wednesday, March 18th. Zacks Research lowered Cohu from a "hold" rating to a "strong sell" rating in a report on Thursday, February 19th. Evercore began coverage on Cohu in a report on Monday, March 16th. They issued an "outperform" rating and a $35.00 price objective on the stock. TD Cowen raised their price objective on Cohu from $30.00 to $35.00 and gave the company a "buy" rating in a report on Friday, February 13th. Finally, Weiss Ratings reissued a "sell (d-)" rating on shares of Cohu in a report on Wednesday, January 21st. Five analysts have rated the stock with a Buy rating and two have given a Sell rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $34.00.
Read Our Latest Stock Report on Cohu
Institutional Trading of Cohu
Several institutional investors have recently bought and sold shares of the business. Tudor Investment Corp ET AL acquired a new stake in Cohu in the third quarter valued at approximately $243,960,000. Vanguard Group Inc. lifted its position 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 acquiring an additional 57,618 shares in the last quarter. Royce & Associates LP lifted its position 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 acquiring an additional 7,927 shares in the last quarter. State Street Corp lifted its position 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 acquiring an additional 5,439 shares in the last quarter. Finally, Tributary Capital Management LLC lifted its position 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 acquiring an additional 863,654 shares in the last quarter. 94.67% of the stock is owned by institutional investors and hedge funds.
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.
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