Analysts Set Cohu, Inc. (NASDAQ:COHU) Target Price at $30.57

Cohu, Inc. (NASDAQ:COHU) has earned an average recommendation of “Hold” from the seven analysts that are currently covering the company, Marketbeat reports. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating on the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $30.57.

A number of brokerages have commented on COHU. Needham & Company LLC restated a “hold” rating on shares of Cohu in a research note on Tuesday, February 25th. B. Riley reduced their price target on Cohu from $34.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, February 14th. Finally, Stifel Nicolaus reduced their price target on Cohu from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Friday, February 14th.

Hedge Funds Weigh In On Cohu

Several large investors have recently made changes to their positions in COHU. Thrivent Financial for Lutherans lifted its position in shares of Cohu by 78.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 2,615,235 shares of the semiconductor company’s stock worth $69,827,000 after purchasing an additional 1,152,825 shares during the last quarter. Franklin Resources Inc. lifted its position in shares of Cohu by 25.9% during the 3rd quarter. Franklin Resources Inc. now owns 3,145,692 shares of the semiconductor company’s stock worth $82,134,000 after purchasing an additional 647,828 shares during the last quarter. Frontier Capital Management Co. LLC lifted its position in shares of Cohu by 52.2% during the 4th quarter. Frontier Capital Management Co. LLC now owns 1,139,325 shares of the semiconductor company’s stock worth $30,420,000 after purchasing an additional 390,558 shares during the last quarter. Royce & Associates LP lifted its position in shares of Cohu by 28.0% during the 4th quarter. Royce & Associates LP now owns 1,442,394 shares of the semiconductor company’s stock worth $38,512,000 after purchasing an additional 315,605 shares during the last quarter. Finally, Lightrock Netherlands B.V. acquired a new position in shares of Cohu during the 4th quarter worth about $8,016,000. Institutional investors and hedge funds own 94.67% of the company’s stock.

Cohu Stock Performance

Shares of NASDAQ COHU opened at $17.03 on Friday. The business’s 50-day moving average price is $21.70 and its two-hundred day moving average price is $24.41. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.38 and a quick ratio of 4.69. Cohu has a one year low of $15.61 and a one year high of $36.60. The company has a market capitalization of $795.47 million, a P/E ratio of -11.35 and a beta of 1.50.

Cohu (NASDAQ:COHU) last issued its earnings results on Thursday, February 20th. The semiconductor company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). Cohu had a negative net margin of 17.38% and a negative return on equity of 3.18%. Analysts anticipate that Cohu will post -0.36 earnings per share for the current fiscal year.

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.