Cohu (NASDAQ:COHU) PT Lowered to $36.00 at TD Cowen

Cohu (NASDAQ:COHU) had its price target reduced by TD Cowen from $40.00 to $36.00 in a research note published on Friday, Marketbeat Ratings reports. They currently have a buy rating on the semiconductor company’s stock.

Separately, Needham & Company LLC reaffirmed a buy rating and set a $36.00 target price on shares of Cohu in a research note on Friday, February 16th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of Moderate Buy and an average target price of $38.00.

Cohu Stock Down 2.4 %

Cohu stock opened at $29.60 on Friday. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of -592.00 and a beta of 1.54. Cohu has a 52-week low of $28.57 and a 52-week high of $43.99. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.67 and a current ratio of 6.18. The firm has a 50 day moving average price of $31.35 and a two-hundred day moving average price of $32.39.

Cohu (NASDAQ:COHU) last announced its earnings results on Thursday, February 15th. The semiconductor company reported $0.23 earnings per share for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. Cohu had a negative net margin of 0.38% and a positive return on equity of 3.88%. The business had revenue of $137.23 million during the quarter, compared to the consensus estimate of $136.94 million. During the same quarter last year, the firm earned $0.63 earnings per share. Cohu’s quarterly revenue was down 28.2% on a year-over-year basis. Equities analysts predict that Cohu will post 0.22 EPS for the current year.

Institutional Trading of Cohu

Several large investors have recently made changes to their positions in the company. TimesSquare Capital Management LLC raised its position in shares of Cohu by 166.1% during the third quarter. TimesSquare Capital Management LLC now owns 647,338 shares of the semiconductor company’s stock worth $22,294,000 after purchasing an additional 404,028 shares during the period. Vanguard Group Inc. lifted its stake in shares of Cohu by 7.8% in the third quarter. Vanguard Group Inc. now owns 4,105,906 shares of the semiconductor company’s stock valued at $141,407,000 after buying an additional 295,456 shares in the last quarter. Pacer Advisors Inc. grew its holdings in shares of Cohu by 61.3% during the fourth quarter. Pacer Advisors Inc. now owns 751,039 shares of the semiconductor company’s stock valued at $26,579,000 after buying an additional 285,537 shares during the last quarter. Franklin Resources Inc. grew its holdings in shares of Cohu by 8.4% during the fourth quarter. Franklin Resources Inc. now owns 2,782,650 shares of the semiconductor company’s stock valued at $98,478,000 after buying an additional 215,153 shares during the last quarter. Finally, American Century Companies Inc. increased its position in shares of Cohu by 22.9% during the third quarter. American Century Companies Inc. now owns 974,605 shares of the semiconductor company’s stock worth $33,565,000 after acquiring an additional 181,689 shares in the last quarter. 94.67% of the stock is currently owned by institutional investors and hedge funds.

About Cohu

Cohu, Inc, through its subsidiaries, provides semiconductor test equipment and services in China, the United States, Taiwan, Malaysia, the Philippines, and internationally. The company supplies semiconductor test and inspection handlers, micro-electromechanical system (MEMS) test modules, test contactors, thermal sub-systems, and semiconductor automated test equipment for semiconductor manufacturers and test subcontractors.