Cohu, Inc. (NASDAQ:COHU) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Cohu, Inc. (NASDAQ:COHU) have been assigned a consensus rating of “Moderate Buy” from the five ratings firms that are covering the firm, MarketBeat reports. Two research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1-year price target among brokerages that have issued ratings on the stock in the last year is $35.00.

Several analysts have issued reports on the company. TD Cowen lowered their target price on Cohu from $40.00 to $36.00 and set a “buy” rating on the stock in a research note on Friday, May 3rd. Needham & Company LLC lowered their target price on Cohu from $37.00 to $33.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Citigroup lowered Cohu from a “buy” rating to a “neutral” rating and set a $36.00 price objective on the stock. in a research note on Monday, July 15th. Craig Hallum decreased their price objective on Cohu from $35.00 to $30.00 and set a “hold” rating on the stock in a research note on Friday, May 3rd. Finally, StockNews.com lowered Cohu from a “hold” rating to a “sell” rating in a research note on Friday, August 2nd.

Cohu Stock Performance

Shares of COHU opened at $24.11 on Thursday. The firm has a market cap of $1.14 billion, a PE ratio of -482.20 and a beta of 1.58. The stock’s fifty day moving average price is $31.97 and its two-hundred day moving average price is $31.69. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.95 and a quick ratio of 4.63. Cohu has a 1 year low of $24.03 and a 1 year high of $40.50.

Insider Buying and Selling

In other news, SVP Christopher Bohrson sold 2,000 shares of the company’s stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $30.00, for a total value of $60,000.00. Following the completion of the transaction, the senior vice president now directly owns 130,339 shares in the company, valued at approximately $3,910,170. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director William Bendush sold 2,500 shares of the company’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $29.27, for a total value of $73,175.00. Following the completion of the transaction, the director now directly owns 34,162 shares in the company, valued at approximately $999,921.74. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Christopher Bohrson sold 2,000 shares of the stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $30.00, for a total value of $60,000.00. Following the sale, the senior vice president now owns 130,339 shares of the company’s stock, valued at $3,910,170. The disclosure for this sale can be found here. Insiders sold a total of 10,091 shares of company stock worth $298,755 over the last ninety days. 2.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Cohu

Several institutional investors have recently bought and sold shares of COHU. CM Management LLC bought a new position in Cohu during the 2nd quarter valued at approximately $993,000. Natixis Advisors LLC raised its position in Cohu by 63.0% during the 2nd quarter. Natixis Advisors LLC now owns 25,155 shares of the semiconductor company’s stock valued at $833,000 after purchasing an additional 9,727 shares during the last quarter. Rothschild Investment LLC bought a new position in Cohu during the 2nd quarter valued at approximately $1,234,000. Hantz Financial Services Inc. bought a new position in Cohu during the 2nd quarter valued at approximately $1,786,000. Finally, Azzad Asset Management Inc. ADV bought a new position in Cohu during the 2nd quarter valued at approximately $890,000. 94.67% of the stock is currently owned by hedge funds and other institutional investors.

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.