Key Points
- Cohu insider Christopher Bohrson sold 1,000 shares for $51,070 at $51.07 per share, reducing his holdings by 0.63%. The transaction occurred under a Rule 10b5-1 plan to cover tax withholding from vested equity awards.
- 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 view, with a consensus “Moderate Buy” rating and a $68.75 price target; institutional investors own 94.67% of the company.
Cohu, Inc. (NASDAQ:COHU - Get Free Report) insider Christopher Bohrson sold 1,000 shares of the company's stock in a transaction on Monday, September 15th. The shares were sold at an average price of $51.07, for a total transaction of $51,070.00. Following the completion of the sale, the insider owned 158,702 shares of the company's stock, valued at approximately $8,104,911.14. This represents a 0.63% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed 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 Wednesday, August 19th, Christopher Bohrson sold 10,000 shares of Cohu stock. The stock was sold at an average price of $55.82, for a total value of $558,200.00.
- 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 value of $61,900.00.
Cohu Stock Up 7.7%
Shares of Cohu stock opened at $55.00 on Friday. The company has a market capitalization of $2.60 billion, a P/E ratio of -66.26 and a beta of 1.58. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.74 and a quick ratio of 4.72. The business has a 50-day moving average of $51.96 and a two-hundred day moving average of $47.92. Cohu, Inc. has a 1 year low of $18.67 and a 1 year high of $74.60.
Cohu (NASDAQ:COHU - Get Free Report) last released its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.12. Cohu had a negative return on equity of 1.96% and a negative net margin of 7.43%.The business had revenue of $149.00 million for the quarter, compared to analysts' expectations of $144.20 million. During the same quarter in the previous year, the business posted $0.02 EPS. Cohu's revenue for the quarter was up 38.3% on a year-over-year basis. As a group, equities analysts predict that Cohu, Inc. will post 0.47 EPS for the current year.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on COHU shares. Craig Hallum reaffirmed a "buy" rating and issued a $74.00 price target on shares of Cohu in a research note on Friday, July 31st. TD Cowen raised their price objective on shares of Cohu from $60.00 to $80.00 and gave the stock a "buy" rating in a report on Tuesday, June 16th. Jefferies Financial Group reaffirmed a "buy" rating and issued a $74.00 price objective on shares of Cohu in a research report on Friday, July 31st. Zacks Research lowered Cohu from a "strong-buy" rating to a "hold" rating in a report on Friday, August 28th. Finally, B. Riley Financial upped their price objective on Cohu from $65.00 to $69.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, Cohu has an average rating of "Moderate Buy" and a consensus target price of $68.75.
Read Our Latest Stock Report on COHU
Institutional Inflows and Outflows
Several large investors have recently added to or reduced their stakes in the business. Sequoia Financial Advisors LLC bought a new position in Cohu in the second quarter valued at $1,224,000. WINTON GROUP Ltd bought a new stake in Cohu during the 2nd quarter worth about $244,000. Engineers Gate Manager LP bought a new stake in Cohu during the 2nd quarter worth about $1,839,000. Integrated Wealth Concepts LLC acquired a new position in shares of Cohu during the 2nd quarter worth about $143,000. Finally, Squarepoint Ops LLC acquired a new position in shares of Cohu during the 2nd quarter worth about $1,665,000. Institutional investors and hedge funds own 94.67% of the company's stock.
About Cohu
(
Get Free Report)
Cohu, Inc is a semiconductor test and inspection equipment company that develops products used throughout the semiconductor manufacturing process. Its portfolio includes semiconductor test handlers, test contactors, inspection and metrology systems, thermal-management solutions, and software for managing and analyzing test data.
The company's equipment helps semiconductor manufacturers and outsourced semiconductor assembly and test providers handle, connect, test, inspect, and characterize packaged semiconductor devices.
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