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

Shares of Cohu, Inc. (NASDAQ:COHU) have been assigned a consensus recommendation of “Moderate Buy” from the six brokerages that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $27.17.

Several research firms have weighed in on COHU. Wall Street Zen lowered shares of Cohu from a “hold” rating to a “sell” rating in a research note on Tuesday, May 13th. Stifel Nicolaus lowered their price objective on shares of Cohu from $35.00 to $28.00 and set a “buy” rating for the company in a research report on Friday, May 2nd. Needham & Company LLC reissued a “hold” rating on shares of Cohu in a report on Friday, May 2nd. Finally, TD Cowen decreased their target price on Cohu from $27.00 to $22.00 and set a “buy” rating for the company in a research note on Friday, May 2nd.

Cohu Stock Up 0.9%

Shares of Cohu stock opened at $19.71 on Thursday. The business has a 50-day moving average price of $18.58 and a 200 day moving average price of $19.07. Cohu has a fifty-two week low of $12.57 and a fifty-two week high of $35.23. The firm has a market cap of $916.57 million, a P/E ratio of -10.65 and a beta of 1.27. The company has a quick ratio of 3.69, a current ratio of 5.20 and a debt-to-equity ratio of 0.01.

Cohu (NASDAQ:COHU) last issued its quarterly earnings results on Thursday, May 1st. The semiconductor company reported ($0.02) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.14. Cohu had a negative return on equity of 3.76% and a negative net margin of 21.99%. The business had revenue of $96.80 million during the quarter, compared to the consensus estimate of $96.61 million. During the same period in the previous year, the business earned $0.01 EPS. The business’s quarterly revenue was down 10.0% on a year-over-year basis. On average, sell-side analysts forecast that Cohu will post -0.36 earnings per share for the current fiscal year.

Institutional Trading of Cohu

A number of large investors have recently modified their holdings of COHU. Ameriprise Financial Inc. raised its stake in Cohu by 15.5% during the 4th quarter. Ameriprise Financial Inc. now owns 1,148,977 shares of the semiconductor company’s stock valued at $30,678,000 after acquiring an additional 154,550 shares in the last quarter. Janney Montgomery Scott LLC increased its holdings in shares of Cohu by 6.0% during the first quarter. Janney Montgomery Scott LLC now owns 25,642 shares of the semiconductor company’s stock valued at $377,000 after purchasing an additional 1,454 shares during the period. GAMMA Investing LLC raised its stake in shares of Cohu by 172.2% during the first quarter. GAMMA Investing LLC now owns 2,659 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 1,682 shares in the last quarter. Bank of America Corp DE lifted its holdings in Cohu by 89.0% in the fourth quarter. Bank of America Corp DE now owns 110,722 shares of the semiconductor company’s stock worth $2,956,000 after purchasing an additional 52,141 shares during the period. Finally, Charles Schwab Investment Management Inc. grew its position in Cohu by 8.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 677,370 shares of the semiconductor company’s stock valued at $18,086,000 after buying an additional 53,096 shares in the last quarter. Institutional investors and hedge funds 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.