Craig Hallum Trims Cohu (NASDAQ:COHU) Target Price to $30.00

Cohu (NASDAQ:COHU) had its price target cut by Craig Hallum from $35.00 to $30.00 in a report issued on Friday, Benzinga reports. They currently have a hold rating on the semiconductor company’s stock.

A number of other equities analysts have also recently weighed in on the company. Needham & Company LLC reaffirmed a buy rating and issued a $36.00 price target on shares of Cohu in a report on Friday, February 16th. B. Riley reduced their target price on Cohu from $45.00 to $40.00 and set a buy rating for the company in a research note on Friday. Finally, TD Cowen decreased their target price on Cohu from $40.00 to $36.00 and set a buy rating on the stock in a research report on Friday. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Cohu currently has an average rating of Moderate Buy and a consensus target price of $38.00.

Cohu Price Performance

NASDAQ:COHU opened at $29.60 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 6.18 and a quick ratio of 4.67. The company has a 50 day moving average price of $31.35 and a 200-day moving average price of $32.39. Cohu has a 1-year low of $28.57 and a 1-year high of $43.99. 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 (NASDAQ:COHU) last released its quarterly earnings results on Thursday, February 15th. The semiconductor company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.22 by $0.01. The company had revenue of $137.23 million for the quarter, compared to analyst estimates of $136.94 million. Cohu had a negative net margin of 0.38% and a positive return on equity of 3.88%. The firm’s revenue was down 28.2% on a year-over-year basis. During the same quarter last year, the business earned $0.63 earnings per share. Equities research analysts forecast that Cohu will post 0.22 EPS for the current year.

Institutional Trading of Cohu

A number of institutional investors have recently made changes to their positions in the company. SG Americas Securities LLC purchased a new position in Cohu in the 3rd quarter valued at $527,000. Bailard Inc. boosted its position in Cohu by 200.4% during the third quarter. Bailard Inc. now owns 16,823 shares of the semiconductor company’s stock worth $579,000 after acquiring an additional 11,223 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Cohu by 18.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,407 shares of the semiconductor company’s stock worth $358,000 after acquiring an additional 1,623 shares during the last quarter. Inspire Investing LLC grew its stake in Cohu by 17.3% during the 3rd quarter. Inspire Investing LLC now owns 8,894 shares of the semiconductor company’s stock valued at $306,000 after acquiring an additional 1,313 shares in the last quarter. Finally, TD Asset Management Inc raised its holdings in Cohu by 38.6% in the 3rd quarter. TD Asset Management Inc now owns 9,700 shares of the semiconductor company’s stock valued at $334,000 after acquiring an additional 2,700 shares during the last quarter. 94.67% of the stock is 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.