Key Points
- Cohu SVP Christopher Bohrson sold 1,000 shares on June 15 at an average price of $63.88, totaling $63,880. After the transaction, he still held 171,702 shares, and the sale was part of a pre-arranged Rule 10b5-1 plan to cover tax withholding tied to equity vesting.
- Cohu’s stock has risen sharply, opening at $62.41 versus a 50-day average of $47.65 and a 52-week low of $17.71. The company’s 52-week high is $69.63.
- Recent earnings and analyst sentiment are mixed: Cohu reported Q1 EPS of $0.01, missing estimates, though revenue came in above expectations at $125.12 million and rose 29.3% year over year. Analysts currently rate the stock a consensus Moderate Buy with an average price target of $52.33.
Cohu, Inc. (NASDAQ:COHU - Get Free Report) SVP Christopher Bohrson sold 1,000 shares of Cohu stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $63.88, for a total value of $63,880.00. Following the completion of the transaction, the senior vice president owned 171,702 shares of the company's stock, valued at approximately $10,968,323.76. The trade was a 0.58% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, 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 Friday, May 15th, Christopher Bohrson sold 1,000 shares of Cohu stock. The shares were sold at an average price of $46.92, for a total value of $46,920.00.
- On Monday, May 11th, Christopher Bohrson sold 1,500 shares of Cohu stock. The shares were 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 shares were sold at an average price of $38.00, for a total value of $38,000.00.
Cohu Stock Performance
Shares of COHU stock opened at $62.41 on Wednesday. The business has a 50 day moving average of $47.65 and a two-hundred day moving average of $34.88. The company has a market cap of $2.94 billion, a P/E ratio of -52.44 and a beta of 1.62. The company has a quick ratio of 5.31, a current ratio of 6.43 and a debt-to-equity ratio of 0.37. Cohu, Inc. has a 52 week low of $17.71 and a 52 week high of $69.63.
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). The business had revenue of $125.12 million for the quarter, compared to the consensus estimate of $122.14 million. Cohu had a negative net margin of 11.54% and a negative return on equity of 3.50%. The business's quarterly revenue was up 29.3% on a year-over-year basis. During the same period last year, the firm posted ($0.02) EPS. As a group, analysts anticipate that Cohu, Inc. will post 0.17 EPS for the current year.
Institutional Investors Weigh In On Cohu
Several hedge funds and other institutional investors have recently added to or reduced their stakes in COHU. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Cohu by 3.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,214 shares of the semiconductor company's stock worth $400,000 after purchasing an additional 905 shares in the last quarter. Caxton Associates LLP bought a new stake in Cohu during the first quarter worth approximately $276,000. Jane Street Group LLC raised its holdings in Cohu by 2,042.7% during the first quarter. Jane Street Group LLC now owns 162,674 shares of the semiconductor company's stock worth $2,393,000 after purchasing an additional 155,082 shares in the last quarter. American Century Companies Inc. raised its holdings in Cohu by 4.9% during the second quarter. American Century Companies Inc. now owns 114,361 shares of the semiconductor company's stock worth $2,200,000 after purchasing an additional 5,297 shares in the last quarter. Finally, Invesco Ltd. raised its holdings in Cohu by 478.4% during the second quarter. Invesco Ltd. now owns 1,175,282 shares of the semiconductor company's stock worth $22,612,000 after purchasing an additional 972,088 shares in the last quarter. Institutional investors own 94.67% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms have recently weighed in on COHU. Stifel Nicolaus lifted their price target on Cohu from $32.00 to $34.00 and gave the company a "buy" rating in a report on Wednesday, March 18th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Cohu in a report on Monday, April 20th. TD Cowen lifted their price target on Cohu from $60.00 to $80.00 and gave the company a "buy" rating in a report on Tuesday. Zacks Research raised Cohu from a "strong sell" rating to a "hold" rating in a report on Monday, April 20th. Finally, Jefferies Financial Group set a $60.00 price target on Cohu and gave the company a "buy" rating in a report on Friday, May 1st. Six research analysts have rated the stock with a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $52.33.
View Our Latest Research 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.
Further Reading
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