Insider Selling: Cohu (NASDAQ:COHU) Insider Sells 1,000 Shares of Stock

Key Points

• Cohu insider Christopher Bohrson sold 1,000 shares at an average price of $51.07, generating $51,070. The transaction was conducted under a pre-arranged Rule 10b5-1 plan to cover tax withholding on vested equity awards, leaving him with 158,702 shares.
• Cohu shares recently traded at $55, while the company reported quarterly revenue of $149 million and EPS of $0.26, surpassing analyst estimates; revenue increased 38.3% year over year.
• Analysts maintain a generally positive outlook, with a “Moderate Buy” consensus rating and an average price target of $68.75. Institutional investors own 94.67% of the company’s stock.

Cohu, Inc. (NASDAQ:COHU - Get Free Report) insider Christopher Bohrson sold 1,000 shares of the stock in a transaction that occurred on Monday, September 15th. The stock was sold at an average price of $51.07, for a total transaction of $51,070.00. Following the sale, the insider owned 158,702 shares in the company, valued at $8,104,911.14. This represents a 0.63% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed 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 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 Price Performance

Shares of COHU stock traded up $3.94 on Thursday, reaching $55.00. The company had a trading volume of 976,602 shares, compared to its average volume of 903,058. The business's 50-day moving average is $51.96 and its 200 day moving average is $47.92. Cohu, Inc. has a one year low of $18.67 and a one year high of $74.60. 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 stock has a market capitalization of $2.60 billion, a PE ratio of -66.26 and a beta of 1.58.

Cohu (NASDAQ:COHU - Get Free Report) last issued its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $0.26 EPS for the quarter, beating 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 prior year, the firm earned $0.02 EPS. The firm's revenue was up 38.3% compared to the same quarter last year. Equities research analysts forecast that Cohu, Inc. will post 0.47 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently weighed in on COHU. Needham & Company LLC lifted their price objective on shares of Cohu from $54.00 to $65.00 and gave the company a "buy" rating in a research note on Friday, July 31st. Zacks Research lowered Cohu from a "strong-buy" rating to a "hold" rating in a report on Friday, August 28th. B. Riley Financial increased their target price on Cohu from $65.00 to $69.00 and gave the stock a "buy" rating in a report on Friday, July 31st. Robert W. Baird started coverage on shares of Cohu in a report on Wednesday, July 8th. They set an "outperform" rating and a $65.00 price objective on the stock. Finally, Jefferies Financial Group reissued a "buy" rating and set a $74.00 price objective on shares of Cohu in a report on Friday, July 31st. One investment analyst has rated the stock with a Strong Buy rating, seven have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, Cohu has an average rating of "Moderate Buy" and an average price target of $68.75.

Institutional Trading of Cohu

Institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. purchased a new stake in shares of Cohu in the second quarter worth about $545,932,000. The Manufacturers Life Insurance Company bought a new position in Cohu in the 2nd quarter valued at $77,814,000. Royce & Associates LP increased its holdings in shares of Cohu by 0.4% in the fourth quarter. Royce & Associates LP now owns 1,918,424 shares of the semiconductor company's stock worth $44,642,000 after purchasing an additional 7,927 shares during the period. Paradigm Capital Management Inc. NY purchased a new stake in shares of Cohu in the second quarter worth $42,794,000. Finally, Connor Clark & Lunn Investment Management Ltd. bought a new stake in Cohu during the second quarter valued at $38,523,000. Hedge funds and other institutional investors own 94.67% of the company's stock.

Cohu Company Profile

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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