COHU INC
COHU · Instruments For Meas & Testing of Electricity & Elec Signals · 47.2M shares · +4%/yr ↑ dilution · EDGAR filings ↗
Net buyback after stock comp: $6M (gross $24M, SBC $17M)
Reference price $63.88 · est. market cap ~$3.0B — last insider sale, 2026-06-15 (estimated from the dated SEC Form 4 price × shares outstanding — not a live quote)
Grade
D54Cyclical semiconductor-test supplier in a loss year despite a pristine balance sheet and AI-driven recovery.
Strengths
- Exceptional liquidity: current ratio 6.9 and quick 5.7 (both 100th pct), cash $484M (78th)
- Revenue grew 12.7% on mobile/AI demand; 60% recurring revenue mix
Risks
- Negative returns this year: ROE -9.5% (25th), ROA -6.0% (33rd), interest coverage -34
- Highly cyclical end-markets (mobile sales down three straight years); Jabil/single-source supplier dependence
Notable findings
- No interest coverageInterest coverage -33.97 (cannot cover interest)
- Strong balance sheetStrong balance sheet — $484M cash & investments
- Revenue declineRevenue -10.2% YoY
- Insider sellingInsider selling — 12 open-market sale(s) by 6 insider(s) (cluster of 6 insiders, ~$5M, last 6mo) Form 4 ↗
Quarterly revenue
Last 4 quarters · from SEC filings.
Key metrics
Return on equity
-9.5%
Return on assets
-6.0%
ROIC
-5.1%
Revenue growth (QoQ)
-10.2%
Debt / equity
0.4×
Interest coverage
-34.0×
Current ratio
6.9×
Free cash flow
$11M
EBITDA
-$19M
Tangible book value
$423M
Cash & investments
$484M
Insider transactions · last 18 months
| Date | Insider | Type | Shares | Price |
|---|---|---|---|---|
| 2026-06-15 | BOHRSON CHRISTOPHER | Sell | 1.0K | $63.88 |
| 2026-05-22 | DONAHUE JAMES A | Sell | 10K | $46.77 |
| 2026-05-22 | Muller Luis A | Sell | 45K | $46.62 |
| 2026-05-22 | Jones Jeffrey D | Sell | 13K | $46.84 |
| 2026-05-20 | BILODEAU STEVEN J | Sell | 10K | $44.85 |
| 2026-05-15 | DONAHUE JAMES A | Grant | 3.6K | — |
| 2026-05-15 | BENDUSH WILLIAM | Other | 10K | — |
| 2026-05-15 | Mattes Andreas W | Grant | 3.6K | — |
| 2026-05-15 | Richardson Nina | Grant | 3.6K | — |
| 2026-05-15 | Rapp Karen Marie | Grant | 3.6K | — |
| 2026-05-15 | BOHRSON CHRISTOPHER | Sell | 1.0K | $46.92 |
| 2026-05-15 | BENDUSH WILLIAM | Grant | 3.6K | — |
| 2026-05-15 | BILODEAU STEVEN J | Grant | 3.6K | — |
| 2026-05-15 | CAGGIA ANDREW M | Grant | 3.6K | — |
| 2026-05-15 | JORDEN YON | Grant | 3.6K | — |
| 2026-05-13 | BENDUSH WILLIAM | Sell | 7.5K | $49.14 |
| 2026-05-11 | BOHRSON CHRISTOPHER | Sell | 1.5K | $51.28 |
| 2026-04-15 | BOHRSON CHRISTOPHER | Sell | 1.0K | $38.00 |
| 2026-03-27 | CAGGIA ANDREW M | Grant | 594 | — |
| 2026-03-16 | BOHRSON CHRISTOPHER | Sell | 1.0K | $28.57 |
| 2026-03-14 | Muller Luis A | Other | 66K | — |
| 2026-03-14 | Jones Jeffrey D | Tax withheld | 4.4K | — |
| 2026-03-14 | Jones Jeffrey D | Other | 22K | — |
| 2026-03-14 | Ilgenfritz Klaus | Tax withheld | 1.1K | — |
| 2026-03-14 | Ilgenfritz Klaus | Other | 7.4K | — |
| 2026-03-14 | BOHRSON CHRISTOPHER | Tax withheld | 3.1K | — |
| 2026-03-14 | BOHRSON CHRISTOPHER | Other | 17K | — |
| 2026-03-14 | Muller Luis A | Tax withheld | 13K | — |
| 2026-03-12 | BOHRSON CHRISTOPHER | Tax withheld | 2.3K | — |
| 2026-03-12 | Ilgenfritz Klaus | Tax withheld | 998 | — |
| 2026-03-12 | Jones Jeffrey D | Tax withheld | 3.0K | — |
| 2026-03-12 | Muller Luis A | Tax withheld | 8.9K | — |
| 2026-03-11 | BOHRSON CHRISTOPHER | Tax withheld | 4.1K | — |
| 2026-03-11 | Muller Luis A | Tax withheld | 17K | — |
| 2026-03-11 | Jones Jeffrey D | Tax withheld | 5.6K | — |
| 2026-03-11 | Ilgenfritz Klaus | Tax withheld | 2.2K | — |
| 2026-03-10 | Jones Jeffrey D | Grant | 27K | — |
| 2026-03-10 | BOHRSON CHRISTOPHER | Grant | 18K | — |
| 2026-03-10 | Ilgenfritz Klaus | Grant | 13K | — |
| 2026-03-10 | Ilgenfritz Klaus | Grant | 13K | — |
| 2026-03-10 | Muller Luis A | Grant | 98K | — |
| 2026-03-10 | Muller Luis A | Grant | 98K | — |
| 2026-03-10 | BOHRSON CHRISTOPHER | Grant | 18K | — |
| 2026-03-10 | Jones Jeffrey D | Grant | 27K | — |
| 2026-02-20 | BILODEAU STEVEN J | Sell | 11K | $31.26 |
| 2026-02-20 | BOHRSON CHRISTOPHER | Sell | 1.0K | $30.23 |
| 2025-12-26 | CAGGIA ANDREW M | Grant | 723 | — |
| 2025-09-26 | CAGGIA ANDREW M | Grant | 833 | — |
| 2025-06-27 | CAGGIA ANDREW M | Grant | 947 | — |
| 2025-05-16 | BENDUSH WILLIAM | Other | 4.9K | — |
| 2025-05-16 | BENDUSH WILLIAM | Grant | 10K | — |
| 2025-05-16 | Richardson Nina | Grant | 10K | — |
| 2025-05-16 | Rapp Karen Marie | Grant | 10K | — |
| 2025-05-16 | JORDEN YON | Grant | 10K | — |
| 2025-05-16 | CAGGIA ANDREW M | Grant | 10K | — |
| 2025-05-16 | BILODEAU STEVEN J | Grant | 10K | — |
| 2025-05-16 | Mattes Andreas W | Grant | 10K | — |
| 2025-05-16 | DONAHUE JAMES A | Other | 4.9K | — |
| 2025-05-16 | DONAHUE JAMES A | Grant | 10K | — |
| 2025-05-13 | BENDUSH WILLIAM | Sell | 3.4K | $17.93 |
| 2025-05-12 | BENDUSH WILLIAM | Sell | 3.4K | $17.69 |
| 2025-05-12 | BOHRSON CHRISTOPHER | Sell | 200 | $17.52 |
| 2025-04-10 | BOHRSON CHRISTOPHER | Sell | 200 | $14.57 |
| 2025-03-28 | CAGGIA ANDREW M | Grant | 1.0K | — |
| 2025-03-15 | BOHRSON CHRISTOPHER | Tax withheld | 812 | — |
| 2025-03-15 | Jones Jeffrey D | Tax withheld | 1.3K | — |
| 2025-03-15 | Ilgenfritz Klaus | Tax withheld | 227 | — |
| 2025-03-15 | Muller Luis A | Tax withheld | 3.8K | — |
| 2025-03-14 | Muller Luis A | Other | 33K | — |
| 2025-03-14 | Ilgenfritz Klaus | Other | 3.0K | — |
| 2025-03-14 | Ilgenfritz Klaus | Tax withheld | 2.0K | — |
| 2025-03-14 | Jones Jeffrey D | Other | 11K | — |
| 2025-03-14 | Jones Jeffrey D | Tax withheld | 8.4K | — |
| 2025-03-14 | Muller Luis A | Tax withheld | 25K | — |
| 2025-03-14 | BOHRSON CHRISTOPHER | Other | 7.0K | — |
| 2025-03-14 | BOHRSON CHRISTOPHER | Tax withheld | 5.5K | — |
| 2025-03-12 | BOHRSON CHRISTOPHER | Tax withheld | 2.4K | — |
| 2025-03-12 | Ilgenfritz Klaus | Tax withheld | 998 | — |
| 2025-03-12 | Muller Luis A | Tax withheld | 8.9K | — |
| 2025-03-12 | Jones Jeffrey D | Tax withheld | 3.3K | — |
| 2025-03-11 | Jones Jeffrey D | Grant | 30K | — |
| 2025-03-11 | Jones Jeffrey D | Grant | 46K | — |
| 2025-03-11 | Ilgenfritz Klaus | Grant | 23K | — |
| 2025-03-11 | Ilgenfritz Klaus | Grant | 15K | — |
| 2025-03-11 | Muller Luis A | Grant | 97K | — |
| 2025-03-11 | Muller Luis A | Grant | 146K | — |
| 2025-03-11 | BOHRSON CHRISTOPHER | Grant | 33K | — |
| 2025-03-11 | BOHRSON CHRISTOPHER | Grant | 22K | — |
| 2025-03-10 | BOHRSON CHRISTOPHER | Sell | 200 | $16.88 |
| 2025-02-10 | BOHRSON CHRISTOPHER | Sell | 200 | $21.88 |
| 2025-01-10 | BOHRSON CHRISTOPHER | Sell | 200 | $25.78 |
All non-derivative Form 4 activity (SEC), newest first.
Supply chain
Customers (0)
Suppliers (1)
Named in the 10-K; linked when we track them.
Notable events (8-K)
| Date | Items | |
|---|---|---|
| 2026-05-15 | 5.03Shareholder voteExhibits | filing ↗ |
| 2026-04-30 | ResultsExhibits | filing ↗ |
| 2026-02-12 | ResultsExhibits | filing ↗ |
| 2025-10-29 | ResultsExhibits | filing ↗ |
| 2025-09-29 | Material agreementDebt obligation3.02Reg FDOtherExhibits | filing ↗ |
| 2025-09-23 | OtherExhibits | filing ↗ |
| 2025-07-31 | ResultsExhibits | filing ↗ |
| 2025-05-20 | Reg FDExhibits | filing ↗ |
Recent filings
| Form | Filed | Period | Accession |
|---|---|---|---|
| 8-K | 2026-05-15 | 2026-05-15 | 0001437749-26-017386 ↗ |
| 10-Q | 2026-05-01 | 2026-03-28 | 0001437749-26-014308 ↗ |
| 8-K | 2026-04-30 | 2026-04-30 | 0001437749-26-014188 ↗ |
| 10-K | 2026-02-17 | 2025-12-27 | 0001437749-26-004339 ↗ |
| 8-K | 2026-02-12 | 2026-02-12 | 0001437749-26-003937 ↗ |
| 10-Q | 2025-10-30 | 2025-09-27 | 0001437749-25-032269 ↗ |
| 8-K | 2025-10-29 | 2025-10-29 | 0001437749-25-032182 ↗ |
| 8-K | 2025-09-29 | 2025-09-24 | 0001437749-25-030026 ↗ |
| 8-K | 2025-09-23 | 2025-09-23 | 0001437749-25-029728 ↗ |
| 10-Q | 2025-08-01 | 2025-06-28 | 0001437749-25-024281 ↗ |
| 8-K | 2025-07-31 | 2025-07-31 | 0001437749-25-024192 ↗ |
| 8-K | 2025-05-20 | 2025-05-20 | 0001437749-25-017818 ↗ |