Key Points
- Cohu SVP Christopher Bohrson sold 10,000 shares at an average price of $55.82, generating $558,200. The sale was made to cover tax withholding related to vested equity awards, and he retained 159,702 shares.
- Cohu’s latest quarterly results exceeded expectations, with EPS of $0.26 versus the $0.14 consensus and revenue of $149 million, up 38.3% year over year.
- Analysts maintain a generally positive outlook, with the stock carrying a consensus “Buy” rating and a $68.75 price target; institutional investors own 94.67% of outstanding shares.
Cohu, Inc. (NASDAQ:COHU - Get Free Report) SVP Christopher Bohrson sold 10,000 shares of the firm's stock in a transaction dated Wednesday, August 19th. The stock was sold at an average price of $55.82, for a total transaction of $558,200.00. Following the completion of the transaction, the senior vice president owned 159,702 shares in the company, valued at approximately $8,914,565.64. The trade was a 5.89% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 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, August 17th, Christopher Bohrson sold 1,000 shares of Cohu stock. The shares were sold at an average price of $61.90, for a total transaction of $61,900.00.
- On Monday, June 15th, Christopher Bohrson sold 1,000 shares of Cohu stock. The stock was sold at an average price of $63.88, for a total transaction of $63,880.00.
Cohu Price Performance
COHU opened at $54.37 on Friday. The company has a quick ratio of 4.72, a current ratio of 5.74 and a debt-to-equity ratio of 0.37. The company's 50-day moving average price is $56.82 and its 200 day moving average price is $45.15. Cohu, Inc. has a fifty-two week low of $18.67 and a fifty-two week high of $74.60. The firm has a market cap of $2.57 billion, a price-to-earnings ratio of -65.51 and a beta of 1.59.
Cohu (NASDAQ:COHU - Get Free Report) last issued its earnings results on Thursday, July 30th. The semiconductor company reported $0.26 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.12. The company had revenue of $149.00 million during the quarter, compared to the consensus estimate of $144.20 million. Cohu had a negative return on equity of 1.96% and a negative net margin of 7.43%.Cohu's quarterly revenue was up 38.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.02 earnings per share. As a group, sell-side analysts expect that Cohu, Inc. will post 0.47 earnings per share for the current year.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently made changes to their positions in COHU. Hollencrest Capital Management acquired a new position in shares of Cohu during the first quarter valued at approximately $31,000. Farther Finance Advisors LLC lifted its position in Cohu by 45.0% in the fourth quarter. Farther Finance Advisors LLC now owns 1,456 shares of the semiconductor company's stock worth $34,000 after purchasing an additional 452 shares during the period. Kestra Advisory Services LLC acquired a new stake in Cohu in the fourth quarter worth approximately $34,000. Nykredit A S bought a new position in Cohu during the 2nd quarter valued at $36,000. Finally, Los Angeles Capital Management LLC bought a new position in Cohu during the 4th quarter valued at $37,000. 94.67% of the stock is currently owned by institutional investors.
Wall Street Analysts Forecast Growth
COHU has been the subject of a number of analyst reports. Zacks Research upgraded Cohu from a "hold" rating to a "strong-buy" rating in a research report on Thursday, July 30th. Jefferies Financial Group reaffirmed a "buy" rating and issued a $74.00 target price on shares of Cohu in a research report on Friday, July 31st. Evercore reiterated an "outperform" rating and issued a $53.00 target price on shares of Cohu in a research note on Tuesday, April 28th. B. Riley Financial boosted their price target on shares of Cohu from $65.00 to $69.00 and gave the company a "buy" rating in a report on Friday, July 31st. Finally, Weiss Ratings restated a "sell (d-)" rating on shares of Cohu in a research report on Friday, July 17th. Two research analysts have rated the stock with a Strong Buy rating, seven have assigned a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Buy" and a consensus target price of $68.75.
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Cohu Company Profile
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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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