Summary: Christopher Bohrson, Senior Vice President and Chief Customer Officer at Cohu Inc. (NASDAQ: COHU), disposed of 1,000 Restricted Stock Units on April 15, 2026, at $38.00 per unit, generating $38,000 in proceeds. The sale was carried out pursuant to a 10b5-1(c) trading arrangement that Bohrson put in place on November 21, 2025. After the transaction, his direct holdings in Cohu total 175,202 shares, which include 109,565 Restricted Stock Units; this tally does not account for any shares that will be withheld to satisfy tax obligations.
The securities sale comes as Cohu reports additional commercial traction for its Eclipse testing platform. The company said it received follow-on orders aggregating $30 million for Eclipse, intended to support testing of next-generation high-performance computing processors. Those orders are scheduled for delivery over the next couple of quarters. Separately, Cohu secured a multi-unit order from a U.S.-based semiconductor manufacturer to use the Eclipse platform for AI datacenter processor development.
Market analysts have reacted to Cohu’s recent order momentum. Stifel raised its price target on Cohu shares to $34 and reiterated a Buy rating, citing the company’s order wins in AI chip testing. Needham lifted its price target to $33 while noting that Cohu reported fourth-quarter 2025 revenue in line with guidance but recorded lower-than-expected non-GAAP gross margins driven by a one-time inventory charge. Evercore ISI initiated coverage with an Outperform rating and set a $35 price target, citing an expectation that Cohu may benefit from a cyclical recovery in auto-industrial markets in future years.
For investors seeking further analysis, a Pro Research Report covering Cohu and more than 1,400 U.S. equities is available on InvestingPro.
Key points
- Insider transaction: Christopher Bohrson sold 1,000 Restricted Stock Units on April 15, 2026, at $38.00 each for $38,000 under a 10b5-1(c) plan adopted November 21, 2025.
- Order activity: Cohu disclosed follow-on orders totaling $30 million for its Eclipse platform and an additional multi-unit order tied to AI datacenter processor testing.
- Analyst coverage: Stifel, Needham, and Evercore ISI updated coverage or targets following recent order announcements, reflecting renewed analyst attention to Cohu’s positioning.
Risks and uncertainties
- Profitability pressure: Cohu reported lower-than-expected non-GAAP gross margins in Q4 2025 due to a one-time inventory charge, which may affect near-term margin metrics.
- Timing of deliveries: The $30 million in follow-on orders are expected to be delivered over the next couple of quarters, so revenue recognition and cash flow timing depend on execution and delivery schedules.
- Market sensitivity: Analyst price-target changes reflect expectations tied to cyclical market recoveries and order flow; actual benefits from these market dynamics are uncertain.