Cohu Inc's chief customer officer Christopher Bohrson sells $2,914 in stock

Christopher Bohrson, Senior Vice President and Chief Customer Officer at Cohu Inc (NASDAQ:COHU), executed a sale of company stock on April 10, according to a recent SEC filing. Bohrson sold 200 shares of common stock at a price of $14.57 per share, totaling approximately $2,914. The transaction comes as Cohu's stock has declined over 55% in the past year, with the company's market capitalization now standing at $679 million. According to InvestingPro analysis, the stock is currently trading near its Fair Value. Following this transaction, Bohrson retains ownership of 168,437 shares, which includes 107,318 restricted stock units set to convert to common shares upon meeting certain conditions.

This transaction was conducted under a pre-established 10b5-1 trading plan, which was adopted on May 17, 2024.

In other recent news, Cohu Inc. reported its fourth-quarter 2024 earnings, revealing an earnings per share (EPS) of -$0.15, which fell short of the projected -$0.09. The company's revenue for the quarter stood at $94.1 million, slightly below the forecasted $95.11 million. Despite the earnings miss, Cohu highlighted its strategic expansion into new semiconductor markets, including memory and silicon carbide power semiconductors. Additionally, the acquisition of Tignis, an AI process control software provider, underscores Cohu's commitment to enhancing its technology portfolio. Craig-Hallum recently adjusted Cohu's stock price target to $26 from $30, maintaining a Buy rating, due to weaker-than-expected guidance for Q1 2025. The analysts noted Cohu's strong net cash position of $5.45 per share as a positive aspect amidst the challenges. Cohu's Q1 2025 guidance anticipates revenue of $97 million ± $7 million, with a gross margin forecast of 44%. The company also expects significant growth in its software segment, projecting over 50% annual revenue growth in the coming years.

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