Cohu, Inc. (NASDAQ:COHU - Get Free Report) SVP Christopher Bohrson sold 1,000 shares of the business's stock in a transaction that occurred on Monday, August 17th. The stock was sold at an average price of $61.90, for a total transaction of $61,900.00. Following the transaction, the senior vice president owned 169,702 shares of the company's stock, valued at $10,504,553.80. This trade represents a 0.59% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through 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, 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 Trading Down 5.4%
NASDAQ:COHU opened at $59.22 on Wednesday. Cohu, Inc. has a 1 year low of $18.67 and a 1 year high of $74.60. The stock has a market cap of $2.80 billion, a P/E ratio of -71.35 and a beta of 1.59. The company has a debt-to-equity ratio of 0.37, a quick ratio of 4.72 and a current ratio of 5.74. The stock has a 50-day simple moving average of $57.03 and a 200-day simple moving average of $44.72.
Cohu (NASDAQ:COHU - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $0.26 earnings per share for the quarter, topping the consensus estimate of $0.14 by $0.12. Cohu had a negative net margin of 7.43% and a negative return on equity of 1.96%. The business had revenue of $149.00 million during the quarter, compared to the consensus estimate of $144.20 million. During the same quarter in the previous year, the firm earned $0.02 EPS. The company's revenue was up 38.3% compared to the same quarter last year. As a group, analysts anticipate that Cohu, Inc. will post 0.47 earnings per share for the current fiscal year.
Analyst Ratings Changes
A number of equities analysts have recently commented on COHU shares. B. Riley Financial lifted their target price on shares of Cohu from $65.00 to $69.00 and gave the company a "buy" rating in a report on Friday, July 31st. TD Cowen boosted their price target on Cohu from $60.00 to $80.00 and gave the company a "buy" rating in a research report on Tuesday, June 16th. Weiss Ratings reaffirmed a "sell (d-)" rating on shares of Cohu in a research note on Friday, July 17th. Needham & Company LLC lifted their target price on Cohu from $54.00 to $65.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Finally, Craig Hallum reissued a "buy" rating and issued a $74.00 target price on shares of Cohu in a report on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, seven have given a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average target price of $68.75.
Check Out Our Latest Analysis on COHU
Hedge Funds Weigh In On Cohu
A number of large investors have recently modified their holdings of the business. Mitsubishi UFJ Asset Management Co. Ltd. purchased a new stake in Cohu during the second quarter worth $48,000. Allworth Financial LP purchased a new position in shares of Cohu in the second quarter valued at $65,000. Hollencrest Capital Management acquired a new position in shares of Cohu during the 1st quarter worth $31,000. Public Employees Retirement System of Ohio purchased a new stake in shares of Cohu in the second quarter valued at about $79,000. Finally, Kestra Advisory Services LLC acquired a new stake in shares of Cohu in the fourth quarter valued at approximately $34,000. 94.67% of the stock is owned by hedge funds and other institutional investors.
About Cohu
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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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