While the absolute dollar amount is small relative to market cap, the lack of insider buying and the director's large first-time sell in the cluster window warrant attention. Monitor upcoming 10-Q for any operational headwinds in Cohu's semiconductor test equipment business; a follow-on larger sale by Bendush or Bohrsen would escalate the bearish signal.
Price Chart
Executive Summary
Two COHU insiders — Director William Bendush and Sr VP Christopher Bohrsen — collectively sold ~$415K in stock in a 7-day window. Bendush's $369K sale represents a material reduction of his direct holdings, while Bohrsen's $47K sale is routine in size. The broader non-cash director grant cluster (all $0, cyclical vesting) has no economic signal. The total dollar value is ~0.02% of COHU's $2.1B market cap, well below materiality thresholds.
Key Financial Metrics
Key Facts
- Director William Bendush sold 7,500 shares at ~$49.14 on 2026-05-13, receiving ~$369K
- Sr VP & Chief Customer Officer Christopher Bohrsen sold 1,000 shares at ~$46.92 on 2026-05-15, receiving ~$47K
- Total insider selling: ~$415K, representing ~0.02% of COHU's $2.1B market cap
- Eight directors received identical 3,578-share grants at $0 each (non-cash, routine director compensation) — no informational content
- The cluster is mixed: one C-suite sale (small) plus one director sale (moderate) but no open-market buying
- Bendush's sale is the largest single insider trade in the past 30 days and lacks a disclosed 10b5-1 plan or recurring pattern in the cluster data
Financial Impact
~$415K aggregate insider selling, ~0.02% of market cap
Risk Factors
- No open-market insider buying to offset the sales
- Director Bendush has no 10b5-1 plan noted — his sale could indicate a lack of confidence
- Historical calibration on COHU shows prior reports had negative T+20 outcomes, suggesting market may already be pricing in concerns
Market Snapshot
Investment Themes
Documents Analyzed
This report is based on 1 SEC document filed with EDGAR.
| Document | Accession Number |
|---|---|
| CLUSTER Data (Synthetic) | cluster-COHU-1779239529605 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Aug 6, 2026 8w ago | Insider Cluster | $52.88 $50.72 | ▼ −4.08% | ▼ −3.69% | $73.48 (+38.96%) |
Jun 20, 2026 14w ago | Institutional Cluster | $70.07 $51.19 | ▼ −26.94% | ▼ −26.80% | $73.48 (+4.87%) |
May 26, 2026 18w ago | Insider Cluster | $54.94 $67.36 | ▲ +22.61% | ▲ +24.51% | $73.48 (+33.75%) |
May 22, 2026 18w ago | Insider Cluster | $49.93 $62.51 | ▲ +25.20% | ▲ +27.14% | $73.48 (+47.17%) |
May 18, 2026 19w ago | Insider Cluster | $44.20 $62.41 | ▼ −41.20% | ▼ −39.62% | $73.48 (−66.24%) |
May 18, 2026 19w ago | Insider Cluster | $44.20 $62.41 | ▲ +41.20% | ▲ +39.62% | $73.48 (+66.24%) |
May 18, 2026 19w ago | Insider Cluster | $44.20 $62.41 | ▲ +41.20% | ▲ +39.62% | $73.48 (+66.24%) |
May 11, 2026 20w ago | Insider Cluster | $51.28 $54.99 | ▲ +7.23% | ▲ +7.54% | $73.48 (+43.29%) |
US Market Status
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