Key Points
- Cohu insider Christopher Bohrson sold 1,000 shares for approximately $55,310 under a pre-arranged Rule 10b5-1 plan to cover tax obligations from vested equity awards. He retained 157,702 shares after the transaction.
- Cohu shares fell 7.4% to $50.81, while the semiconductor company reported quarterly revenue of $149 million, up 38.3% year over year, and EPS of $0.26 versus analysts’ $0.14 estimate.
- Analysts maintain a generally positive outlook, with a consensus “Moderate Buy” rating and an average price target of $68.75; institutional investors own 94.67% of the company.
Cohu, Inc. (NASDAQ:COHU - Get Free Report) insider Christopher Bohrson sold 1,000 shares of the stock in a transaction on Thursday, October 15th. The shares were sold at an average price of $55.31, for a total transaction of $55,310.00. Following the transaction, the insider owned 157,702 shares in the company, valued at $8,722,497.62. This trade represents a 0.63% decrease in their ownership of the stock. The transaction was disclosed in a legal 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 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 transaction of $558,200.00.
- On Monday, August 17th, Christopher Bohrson sold 1,000 shares of Cohu stock. The stock was sold at an average price of $61.90, for a total transaction of $61,900.00.
Cohu Stock Down 7.4%
Shares of COHU traded down $4.09 during midday trading on Friday, hitting $50.81. The company had a trading volume of 964,486 shares, compared to its average volume of 1,100,696. The company's 50 day moving average price is $57.87 and its 200 day moving average price is $53.04. The stock has a market cap of $2.41 billion, a price-to-earnings ratio of -61.22 and a beta of 1.51. Cohu, Inc. has a 52 week low of $21.10 and a 52 week high of $75.72. The company has a quick ratio of 4.72, a current ratio of 5.74 and a debt-to-equity ratio of 0.37.
Cohu (NASDAQ:COHU - Get Free Report) last issued its earnings results on Thursday, July 30th. The semiconductor company reported $0.26 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $144.20 million. During the same quarter in the prior year, the business posted $0.02 EPS. The company's revenue for the quarter was up 38.3% on a year-over-year basis. On average, equities research analysts predict that Cohu, Inc. will post 0.47 EPS for the current year.
Analysts Set New Price Targets
Several brokerages recently weighed in on COHU. Stifel Nicolaus boosted their price objective on Cohu from $50.00 to $70.00 and gave the company a "buy" rating in a report on Friday, July 10th. Craig Hallum reaffirmed a "buy" rating and set a $74.00 target price on shares of Cohu in a report on Friday, July 31st. Robert W. Baird began coverage on Cohu in a report on Wednesday, July 8th. They set an "outperform" rating and a $65.00 target price on the stock. B. Riley Financial lifted their target price on Cohu from $65.00 to $69.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Finally, Weiss Ratings reiterated a "sell (d-)" rating on shares of Cohu in a research report on Thursday. One research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has given a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $68.75.
View Our Latest Stock Report on COHU
Institutional Investors Weigh In On Cohu
A number of institutional investors have recently modified their holdings of COHU. Assenagon Asset Management S.A. bought a new position in Cohu in the first quarter worth about $705,000. Bank of America Corp DE acquired a new position in Cohu in the second quarter valued at approximately $17,744,000. Legal & General Group Plc acquired a new position in Cohu in the second quarter valued at approximately $7,802,000. Louisiana State Employees Retirement System acquired a new position in Cohu in the first quarter valued at approximately $634,000. Finally, Leeward Investments LLC MA grew its holdings in shares of Cohu by 4.0% during the first quarter. Leeward Investments LLC MA now owns 646,133 shares of the semiconductor company's stock valued at $19,785,000 after purchasing an additional 24,755 shares during the last quarter. Institutional investors own 94.67% of the company's stock.
About Cohu
(
Get Free Report)
Cohu, Inc provides semiconductor test and inspection equipment, consumables and related services used by semiconductor manufacturers and outsourced semiconductor assembly and test providers. Its solutions support the testing and handling of integrated circuits throughout the manufacturing process, helping customers evaluate device performance, reliability and quality.
The company's product portfolio includes semiconductor test handlers, inspection and metrology systems, thermal-management equipment, test contactors and other interface products.
Further Reading
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