Following this sale, Bohrson retains ownership of 129,139 shares. This figure includes 74,746 restricted stock units (RSUs), which are set to convert into common stock upon meeting certain performance and employment conditions. The sale was conducted under a 10b5-1 trading plan, which was adopted on May 17, 2024. For investors seeking deeper insights, InvestingPro offers comprehensive analysis with 12 additional ProTips and a detailed Fair Value assessment, along with exclusive access to the Pro Research Report covering Cohu (NASDAQ:COHU)'s financial health and growth prospects. For investors seeking deeper insights, InvestingPro offers comprehensive analysis with 12 additional ProTips and a detailed Fair Value assessment, along with exclusive access to the Pro Research Report covering Cohu's financial health and growth prospects.
Following this sale, Bohrson retains ownership of 129,139 shares. This figure includes 74,746 restricted stock units (RSUs), which are set to convert into common stock upon meeting certain performance and employment conditions. The sale was conducted under a 10b5-1 trading plan, which was adopted on May 17, 2024.
In other recent news, semiconductor equipment manufacturer Cohu has seen several notable developments. The company's stock rating was downgraded from Buy to Hold by Needham analysts, a decision influenced by projections of a moderate equipment cycle over the next two years. Concurrently, Cohu completed the acquisition of artificial intelligence firm Tignis, a move aimed at enhancing semiconductor manufacturing yield and productivity.
TD Cowen, after reviewing Cohu's recent financial performance, reduced its price target for the company to $30.00 from the previous $36.00, but maintained a Buy rating. Despite a test utilization rate in the low-70% range, the firm highlighted Cohu's ability to secure new design wins, which could provide growth opportunities.
Cohu also reported a steady financial performance for its third-quarter 2024 earnings, with revenues reaching $95.3 million and a gross margin of 47%. A significant 67% of the total revenue came from recurring sources, demonstrating the company's resilience in a challenging market. Looking ahead, Cohu expects a 10% revenue increase for Q1 2025. These recent developments underscore Cohu's resilience and potential for growth in the semiconductor sector.
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