Key Points
- Cohu SVP Christopher Bohrson sold 1,000 shares on May 15 at an average price of $46.92, for total proceeds of $46,920. The sale was made under a pre-arranged 10b5-1 plan to cover tax withholding tied to equity vesting.
- Cohu shares fell 6.2% and were trading at $44.20, with the stock still near its 52-week high of $52.43. The company has a market cap of about $2.08 billion and a beta of 1.61.
- Recent results and analyst sentiment are mixed: Cohu beat revenue estimates in its latest quarter but missed EPS expectations. Analysts currently rate the stock a “Moderate Buy,” with an average price target of $49.00.
Cohu, Inc. (NASDAQ:COHU - Get Free Report) SVP Christopher Bohrson sold 1,000 shares of the business's stock in a transaction on Friday, May 15th. The stock was sold at an average price of $46.92, for a total value of $46,920.00. Following the sale, the senior vice president owned 172,702 shares in the company, valued at approximately $8,103,177.84. The trade was a 0.58% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available 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, May 11th, Christopher Bohrson sold 1,500 shares of Cohu stock. The stock was sold at an average price of $51.28, for a total value of $76,920.00.
- On Wednesday, April 15th, Christopher Bohrson sold 1,000 shares of Cohu stock. The stock was sold at an average price of $38.00, for a total value of $38,000.00.
- 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 Stock Down 6.2%
COHU opened at $44.20 on Tuesday. The business's fifty day moving average is $37.75 and its two-hundred day moving average is $30.40. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.31 and a current ratio of 6.43. The company has a market cap of $2.08 billion, a price-to-earnings ratio of -37.14 and a beta of 1.61. Cohu, Inc. has a one year low of $16.46 and a one year high of $52.43.
Cohu (NASDAQ:COHU - Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $0.01 earnings per share for the quarter, missing analysts' consensus estimates of $0.03 by ($0.02). Cohu had a negative return on equity of 3.50% and a negative net margin of 11.54%.The company had revenue of $125.12 million during the quarter, compared to analyst estimates of $122.14 million. During the same period last year, the firm earned ($0.02) earnings per share. The business's revenue was up 29.3% compared to the same quarter last year. Analysts anticipate that Cohu, Inc. will post 0.17 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
A number of equities analysts have recently weighed in on the company. TD Cowen boosted their price target on Cohu from $35.00 to $60.00 and gave the stock a "buy" rating in a report on Friday, May 1st. B. Riley Financial reissued a "buy" rating on shares of Cohu in a report on Monday, April 20th. Weiss Ratings reissued a "sell (d-)" rating on shares of Cohu in a report on Monday, April 20th. Jefferies Financial Group set a $60.00 price target on Cohu and gave the stock a "buy" rating in a report on Friday, May 1st. Finally, Stifel Nicolaus boosted their price target on Cohu from $32.00 to $34.00 and gave the stock a "buy" rating in a report on Wednesday, March 18th. Six equities research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $49.00.
Check Out Our Latest Stock Report on Cohu
Hedge Funds Weigh In On Cohu
Several institutional investors have recently added to or reduced their stakes in the business. Amundi increased its stake in Cohu by 89.0% in the first quarter. Amundi now owns 36,844 shares of the semiconductor company's stock valued at $1,128,000 after purchasing an additional 17,345 shares during the last quarter. California State Teachers Retirement System increased its stake in Cohu by 35.8% in the first quarter. California State Teachers Retirement System now owns 58,792 shares of the semiconductor company's stock valued at $1,800,000 after purchasing an additional 15,503 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in Cohu by 44.2% in the first quarter. The Manufacturers Life Insurance Company now owns 19,734 shares of the semiconductor company's stock valued at $604,000 after purchasing an additional 6,045 shares during the last quarter. Quantinno Capital Management LP increased its stake in Cohu by 17.4% in the first quarter. Quantinno Capital Management LP now owns 63,417 shares of the semiconductor company's stock valued at $1,942,000 after purchasing an additional 9,415 shares during the last quarter. Finally, Dean Capital Management increased its stake in Cohu by 1.2% in the first quarter. Dean Capital Management now owns 88,248 shares of the semiconductor company's stock valued at $2,702,000 after purchasing an additional 1,049 shares during the last quarter. 94.67% of the stock is currently 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.
Further Reading
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