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

Key Points

• Insider sale: SVP Christopher Bohrson sold 1,000 Cohu shares on April 15 at an average price of $38.00 for $38,000 under a pre-arranged Rule 10b5-1 plan to cover tax withholding, leaving him with 175,202 shares (a 0.57% reduction).
• Financial and stock snapshot: Cohu reported revenue up 29.9% year‑over‑year but missed EPS estimates (reported ($0.15) vs. $0.07 expected), posts negative net margin and ROE, and its shares recently traded near a 52‑week high (~$42) with a market cap of about $1.98 billion.
• Analyst view: Broker sentiment is mixed—five Buys and two Sells—yielding a MarketBeat consensus rating of "Hold" and a $34 price target, though several firms have raised targets into the mid‑$30s.

Cohu, Inc. (NASDAQ:COHU - Get Free Report) SVP Christopher Bohrson sold 1,000 shares of Cohu stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $38.00, for a total value of $38,000.00. Following the transaction, the senior vice president owned 175,202 shares of the company's stock, valued at $6,657,676. The trade was a 0.57% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available 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 Monday, March 16th, Christopher Bohrson sold 1,000 shares of Cohu stock. The stock was sold at an average price of $28.57, for a total value of $28,570.00.

Cohu Stock Performance

Cohu stock traded up $2.68 during midday trading on Friday, reaching $42.05. 457,929 shares of the company's stock were exchanged, compared to its average volume of 796,634. Cohu, Inc. has a 52 week low of $13.66 and a 52 week high of $42.17. The company has a debt-to-equity ratio of 0.36, a quick ratio of 5.69 and a current ratio of 6.88. The firm has a market cap of $1.98 billion, a price-to-earnings ratio of -26.45 and a beta of 1.24. The stock's 50-day simple moving average is $31.39 and its 200 day simple moving average is $26.74.

Cohu (NASDAQ:COHU - Get Free Report) last posted its quarterly earnings results on Thursday, February 12th. The semiconductor company reported ($0.15) EPS for the quarter, missing analysts' consensus estimates of $0.07 by ($0.22). The business had revenue of $122.23 million for the quarter, compared to the consensus estimate of $122.09 million. Cohu had a negative return on equity of 3.76% and a negative net margin of 16.40%.The company's revenue for the quarter was up 29.9% on a year-over-year basis. During the same quarter in the previous year, the business posted ($0.15) EPS. On average, analysts expect that Cohu, Inc. will post -0.36 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on COHU. Needham & Company LLC increased their target price on Cohu from $30.00 to $33.00 and gave the stock a "buy" rating in a research note on Friday, February 13th. Stifel Nicolaus increased their target price on Cohu from $32.00 to $34.00 and gave the stock a "buy" rating in a research note on Wednesday, March 18th. Evercore began coverage on Cohu in a research note on Monday, March 16th. They set an "outperform" rating and a $35.00 target price on the stock. Zacks Research lowered Cohu from a "hold" rating to a "strong sell" rating in a research note on Thursday, February 19th. Finally, TD Cowen increased their target price on Cohu from $30.00 to $35.00 and gave the stock a "buy" rating in a research note on Friday, February 13th. Five analysts have rated the stock with a Buy rating and two have issued a Sell rating to the company's stock. According to data from MarketBeat.com, Cohu has a consensus rating of "Hold" and a consensus price target of $34.00.

Institutional Investors Weigh In On Cohu

Several institutional investors have recently made changes to their positions in the stock. Bessemer Group Inc. raised its position in Cohu by 45.4% during the third quarter. Bessemer Group Inc. now owns 1,564 shares of the semiconductor company's stock valued at $31,000 after purchasing an additional 488 shares in the last quarter. Hantz Financial Services Inc. raised its position in Cohu by 83.7% during the third quarter. Hantz Financial Services Inc. now owns 1,569 shares of the semiconductor company's stock valued at $32,000 after purchasing an additional 715 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Cohu by 45.0% during the fourth quarter. Farther Finance Advisors LLC now owns 1,456 shares of the semiconductor company's stock worth $34,000 after buying an additional 452 shares in the last quarter. Kestra Advisory Services LLC acquired a new position in shares of Cohu during the fourth quarter worth $34,000. Finally, Los Angeles Capital Management LLC acquired a new position in shares of Cohu during the fourth quarter worth $37,000. 94.67% of the stock is currently owned by institutional investors.

Cohu Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.