Christopher Bohrson Sells 2,000 Shares of Cohu, Inc. (NASDAQ:COHU) Stock

Cohu, Inc. (NASDAQ:COHU) SVP Christopher Bohrson sold 2,000 shares of the firm’s stock in a transaction on Wednesday, May 22nd. The stock was sold at an average price of $30.00, for a total value of $60,000.00. Following the transaction, the senior vice president now directly owns 130,339 shares of the company’s stock, valued at approximately $3,910,170. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link.

Cohu Stock Up 2.0 %

Shares of COHU opened at $31.66 on Friday. Cohu, Inc. has a fifty-two week low of $28.57 and a fifty-two week high of $43.99. The company’s fifty day moving average is $30.71 and its two-hundred day moving average is $32.22. The firm has a market cap of $1.49 billion, a PE ratio of -633.20 and a beta of 1.54. The company has a quick ratio of 4.63, a current ratio of 6.29 and a debt-to-equity ratio of 0.01.

Cohu (NASDAQ:COHU) last issued its earnings results on Thursday, May 2nd. The semiconductor company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. The firm had revenue of $107.61 million for the quarter, compared to analysts’ expectations of $107.00 million. Cohu had a positive return on equity of 3.91% and a negative net margin of 0.38%. Analysts forecast that Cohu, Inc. will post -0.07 earnings per share for the current year.

Wall Street Analyst Weigh In

COHU has been the subject of a number of analyst reports. Citigroup cut their price objective on shares of Cohu from $40.00 to $36.00 and set a “buy” rating for the company in a research report on Monday, May 6th. Craig Hallum reduced their price target on Cohu from $35.00 to $30.00 and set a “hold” rating on the stock in a research note on Friday, May 3rd. B. Riley lowered their price objective on Cohu from $45.00 to $40.00 and set a “buy” rating for the company in a research report on Friday, May 3rd. TD Cowen dropped their target price on Cohu from $40.00 to $36.00 and set a “buy” rating for the company in a research note on Friday, May 3rd. Finally, Needham & Company LLC decreased their price target on Cohu from $36.00 to $34.00 and set a “buy” rating on the stock in a research note on Monday, May 6th. Two research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $37.33.

Institutional Trading of Cohu

A number of institutional investors have recently modified their holdings of COHU. Texas Permanent School Fund Corp increased its position in Cohu by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 41,576 shares of the semiconductor company’s stock worth $1,386,000 after purchasing an additional 539 shares in the last quarter. ProShare Advisors LLC grew its stake in Cohu by 7.4% during the first quarter. ProShare Advisors LLC now owns 9,433 shares of the semiconductor company’s stock worth $314,000 after buying an additional 649 shares during the period. TFO Wealth Partners LLC increased its position in shares of Cohu by 10,587.5% in the fourth quarter. TFO Wealth Partners LLC now owns 855 shares of the semiconductor company’s stock worth $283,000 after acquiring an additional 847 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. increased its position in shares of Cohu by 4.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,314 shares of the semiconductor company’s stock worth $754,000 after acquiring an additional 865 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in shares of Cohu in the 4th quarter valued at $35,000. Hedge funds and other institutional investors own 94.67% of the company’s stock.

Cohu Company Profile

Cohu, Inc, through its subsidiaries, provides semiconductor test equipment and services in China, the United States, Taiwan, Malaysia, the Philippines, and internationally. The company supplies semiconductor test and inspection handlers, micro-electromechanical system (MEMS) test modules, test contactors, thermal sub-systems, and semiconductor automated test equipment for semiconductor manufacturers and test subcontractors.