Citigroup Trims Cohu (NASDAQ:COHU) Target Price to $36.00

Cohu (NASDAQ:COHU) had its price target trimmed by Citigroup from $40.00 to $36.00 in a research report report published on Monday, Benzinga reports. The firm currently has a buy rating on the semiconductor company’s stock.

A number of other equities analysts have also recently issued reports on the stock. B. Riley cut their price objective on shares of Cohu from $45.00 to $40.00 and set a buy rating on the stock in a research report on Friday, May 3rd. TD Cowen reduced their price objective on Cohu from $40.00 to $36.00 and set a buy rating for the company in a research note on Friday, May 3rd. Needham & Company LLC decreased their price objective on Cohu from $36.00 to $34.00 and set a buy rating for the company in a report on Monday. Finally, Craig Hallum cut their target price on Cohu from $35.00 to $30.00 and set a hold rating on the stock in a report on Friday, May 3rd. Two analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, Cohu currently has an average rating of Moderate Buy and an average target price of $37.33.

Cohu Trading Down 1.8 %

Shares of COHU stock opened at $29.13 on Monday. Cohu has a fifty-two week low of $28.57 and a fifty-two week high of $43.99. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.63 and a current ratio of 6.29. The stock has a 50 day simple moving average of $31.20 and a two-hundred day simple moving average of $32.31. The company has a market cap of $1.37 billion, a P/E ratio of -582.60 and a beta of 1.54.

Cohu (NASDAQ:COHU) last released its quarterly earnings data on Thursday, February 15th. The semiconductor company reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.22 by $0.01. The company had revenue of $137.23 million during 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 3.91%. Cohu’s revenue for the quarter was down 28.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.63 EPS. Research analysts forecast that Cohu will post 0.22 earnings per share for the current year.

Institutional Investors Weigh In On Cohu

Institutional investors have recently bought and sold shares of the stock. SG Americas Securities LLC bought a new stake in shares of Cohu in the 3rd quarter worth $527,000. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Cohu by 18.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,407 shares of the semiconductor company’s stock worth $358,000 after purchasing an additional 1,623 shares in the last quarter. Inspire Investing LLC increased its stake in Cohu by 17.3% in the 3rd quarter. Inspire Investing LLC now owns 8,894 shares of the semiconductor company’s stock valued at $306,000 after buying an additional 1,313 shares during the last quarter. TD Asset Management Inc lifted its position in shares of Cohu by 38.6% during the 3rd quarter. TD Asset Management Inc now owns 9,700 shares of the semiconductor company’s stock worth $334,000 after buying an additional 2,700 shares in the last quarter. Finally, Teacher Retirement System of Texas increased its position in shares of Cohu by 52.5% during the third quarter. Teacher Retirement System of Texas now owns 18,646 shares of the semiconductor company’s stock valued at $642,000 after acquiring an additional 6,417 shares during the last quarter. Institutional investors own 94.67% of the company’s stock.

Cohu Company Profile

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.