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POWAY, CA—Christopher Bohrson, Senior Vice President and Chief Customer Officer at Cohu Inc (NASDAQ:COHU), recently sold a portion of his holdings in the company. According to a filing with the Securities and Exchange Commission, Bohrson sold 200 shares of Cohu Inc’s common stock on February 10, 2025, at a price of $21.88 per share, totaling $4,376. The transaction comes as the stock trades near its 52-week low of $21.36, with shares down approximately 37% over the past year.
Following this transaction, Bohrson retains ownership of 128,939 shares, which includes 74,746 restricted stock units (RSUs). These RSUs are set to convert into common stock upon meeting specific vesting dates and performance goals. The transaction was executed under a 10b5-1 trading plan, which had an adoption date of May 17, 2024. According to InvestingPro data, the company maintains strong liquidity with a current ratio of 6.38, though it faces profitability challenges with negative earnings in the last twelve months.
Cohu Inc, based in Poway, California, specializes in instruments for measuring and testing electrical signals. The company continues to be a significant player in the industrial applications and services sector, despite facing headwinds with revenue declining 35.5% year-over-year. Investors seeking detailed analysis can access comprehensive financial health metrics and 12 additional ProTips through InvestingPro’s exclusive research reports.
In other recent news, Cohu, a semiconductor equipment manufacturer, has been downgraded from Buy to Hold by Needham based on projected moderate equipment cycle for the upcoming two years. Needham analysts have expressed concerns about the company’s ability to sustain its current market valuation, which is significantly higher than its historical peak multiples. To justify these valuations, Cohu would need to achieve a compound annual growth rate of 30% over the next two years, a target Needham considers ambitious given the expected mild cycle.
In other important developments, Cohu has completed the acquisition of Tignis, an artificial intelligence process control and analytics software company. The terms of the deal were not disclosed but it was finalized with available cash and is not expected to materially impact Cohu’s financial position. This strategic move is anticipated to enhance Cohu’s product portfolio and maintain its competitive edge in the rapidly evolving semiconductor industry.
These are the latest developments for Cohu, as the company navigates a challenging landscape characterized by market volatility, economic pressures, and rapid technological advancements. The acquisition and the rating adjustment reflect the dynamic nature of the semiconductor equipment sector and could potentially influence investor sentiment.
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