Cohu’s chief buyer officer sells $5,536 in inventory

Christopher Bohrson, the Senior Vice President and Chief Buyer Officer of Cohu Inc. (NASDAQ:COHU), not too long ago bought 200 shares of the corporate’s frequent inventory. The semiconductor tools producer, at the moment buying and selling at $27.05, maintains a robust stability sheet with additional cash than debt and a wholesome present ratio of 6.38x. The shares had been bought at a value of $27.68 every, totaling $5,536. Following this transaction, Bohrson retains direct possession of 129,339 shares, which incorporates 74,746 restricted inventory items (RSUs) set to transform to frequent inventory sooner or later upon assembly sure situations. Based on InvestingPro evaluation, whereas administration has been actively shopping for again shares, 5 analysts have not too long ago revised their earnings expectations downward. The transaction was carried out beneath a pre-established 10b5-1 buying and selling plan, adopted on Might 17, 2024. Primarily based on InvestingPro‘s Honest Worth evaluation, the inventory at the moment seems to be buying and selling above its intrinsic worth. Uncover extra insights and eight extra ProTips within the complete Professional Analysis Report obtainable for COHU.

In different current information, semiconductor take a look at tools provider Cohu reported a resilient monetary efficiency for its third quarter of 2024, with revenues reaching $95.3 million and a gross margin of 47%. A noteworthy 67% of the full income was recurring, demonstrating stability regardless of market challenges. The corporate has made strategic developments into excessive progress areas comparable to excessive bandwidth reminiscence and silicon carbide markets. TD Cowen not too long ago adjusted its value goal for Cohu, lowering it to $30.00 from $36.00, whereas sustaining a Purchase ranking on the inventory. This adjustment adopted a evaluate of Cohu’s current monetary efficiency and market situations. Regardless of take a look at utilization presenting a near-term problem, Cohu’s skill to safe new design wins was highlighted as a constructive signal for potential progress alternatives. Wanting forward, Cohu anticipates a ten% income improve for Q1 2025, additional indicating its resilience within the face of market headwinds. These current developments underscore the corporate’s strategic positioning and potential for progress.

This text was generated with the assist of AI and reviewed by an editor. For extra data see our T&C.