Cohu (NASDAQ:COHU) Stock: Insider Christopher Bohrson Sells 1,000 Shares

Key Points

• Insider Christopher Bohrson sold 1,000 Cohu shares at an average price of $55.31, generating $55,310. The transaction was conducted under a pre-arranged Rule 10b5-1 plan to cover tax withholding, leaving him with 157,702 shares.
• Cohu shares traded down to $50.81, while the company reported quarterly revenue of $149 million, up 38.3% year over year, and EPS of $0.26 versus analysts’ expectations of $0.14.
• Analysts maintain a “Moderate Buy” consensus with an average price target of $68.75; institutional investors own approximately 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 that occurred on Thursday, October 15th. The stock was sold at an average price of $55.31, for a total transaction of $55,310.00. Following the completion of the sale, the insider directly owned 157,702 shares of the company's stock, valued at approximately $8,722,497.62. This represents a 0.63% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 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 shares were 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 shares were sold at an average price of $61.90, for a total transaction of $61,900.00.

Cohu Price Performance

NASDAQ:COHU traded down $4.09 during midday trading on Friday, hitting $50.81. 964,486 shares of the stock were exchanged, compared to its average volume of 1,115,575. Cohu, Inc. has a one year low of $21.10 and a one year high of $75.72. The company has a market capitalization of $2.41 billion, a price-to-earnings ratio of -61.22 and a beta of 1.51. The business has a 50-day moving average price of $57.91 and a two-hundred day moving average price of $53.05. The company has a current ratio of 5.74, a quick ratio of 4.72 and a debt-to-equity ratio of 0.37.

Cohu (NASDAQ:COHU - Get Free Report) last issued its quarterly 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 return on equity of 1.96% and a negative net margin of 7.43%. The firm had revenue of $149.00 million during the quarter, compared to analyst estimates of $144.20 million. During the same period last year, the company posted $0.02 EPS. The firm's quarterly revenue was up 38.3% on a year-over-year basis. Sell-side analysts predict that Cohu, Inc. will post 0.47 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in COHU. CoreCap Advisors LLC raised its holdings in Cohu by 150.0% during the 3rd quarter. CoreCap Advisors LLC now owns 500 shares of the semiconductor company's stock worth $34,000 after buying an additional 300 shares during the period. Fortitude Family Office LLC boosted its stake in shares of Cohu by 147.9% during the 3rd quarter. Fortitude Family Office LLC now owns 528 shares of the semiconductor company's stock valued at $36,000 after buying an additional 315 shares during the period. Sheets Smith Wealth Management boosted its stake in shares of Cohu by 3.0% during the 1st quarter. Sheets Smith Wealth Management now owns 14,644 shares of the semiconductor company's stock valued at $448,000 after buying an additional 420 shares during the period. Allworth Financial LP boosted its stake in shares of Cohu by 109.8% during the 2nd quarter. Allworth Financial LP now owns 879 shares of the semiconductor company's stock valued at $65,000 after buying an additional 460 shares during the period. Finally, Nykredit A S purchased a new stake in shares of Cohu during the 2nd quarter worth about $36,000. 94.67% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

COHU has been the topic of a number of research reports. Stifel Nicolaus boosted their target price on shares of Cohu from $50.00 to $70.00 and gave the stock a "buy" rating in a report on Friday, July 10th. Weiss Ratings restated a "sell (d-)" rating on shares of Cohu in a report on Thursday. B. Riley Financial lifted their price target on shares of Cohu from $65.00 to $69.00 and gave the stock a "buy" rating in a research report on Friday, July 31st. Craig Hallum reaffirmed a "buy" rating and issued a $74.00 price target on shares of Cohu in a report on Friday, July 31st. Finally, Needham & Company LLC upped their price target on Cohu from $54.00 to $65.00 and gave the company a "buy" rating in a report on Friday, July 31st. One equities research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $68.75.

About Cohu

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.

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