Cohu, Inc. (NASDAQ:COHU) Receives Consensus Recommendation of “Hold” from Analysts

Cohu, Inc. (NASDAQ:COHU) has been assigned a consensus rating of “Hold” from the seven brokerages that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have given a buy recommendation to the company. The average 12-month price target among brokers that have updated their coverage on the stock in the last year is $28.43.

Several research analysts recently issued reports on the stock. Stifel Nicolaus cut their price target on shares of Cohu from $35.00 to $28.00 and set a “buy” rating for the company in a report on Friday. TD Cowen reduced their price target on Cohu from $27.00 to $22.00 and set a “buy” rating for the company in a report on Friday. Needham & Company LLC restated a “hold” rating on shares of Cohu in a research note on Friday. Finally, B. Riley cut their price objective on Cohu from $34.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, February 14th.

Hedge Funds Weigh In On Cohu

Several hedge funds and other institutional investors have recently bought and sold shares of COHU. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in shares of Cohu by 1,225.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,392 shares of the semiconductor company’s stock valued at $37,000 after purchasing an additional 1,287 shares during the last quarter. Sterling Capital Management LLC lifted its stake in Cohu by 826.9% in the 4th quarter. Sterling Capital Management LLC now owns 1,483 shares of the semiconductor company’s stock valued at $40,000 after buying an additional 1,323 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in Cohu by 413.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,740 shares of the semiconductor company’s stock valued at $46,000 after buying an additional 1,401 shares during the last quarter. Versant Capital Management Inc increased its position in Cohu by 232.0% during the first quarter. Versant Capital Management Inc now owns 2,417 shares of the semiconductor company’s stock worth $36,000 after buying an additional 1,689 shares in the last quarter. Finally, KBC Group NV raised its holdings in shares of Cohu by 75.7% in the fourth quarter. KBC Group NV now owns 2,627 shares of the semiconductor company’s stock worth $70,000 after acquiring an additional 1,132 shares during the last quarter. 94.67% of the stock is owned by institutional investors and hedge funds.

Cohu Stock Performance

NASDAQ COHU opened at $16.69 on Friday. The firm has a market cap of $776.75 million, a P/E ratio of -11.13 and a beta of 1.39. Cohu has a 52-week low of $12.57 and a 52-week high of $36.60. The business’s 50-day moving average price is $16.04 and its 200 day moving average price is $21.99. The company has a quick ratio of 4.69, a current ratio of 6.38 and a debt-to-equity ratio of 0.01.

Cohu (NASDAQ:COHU) last released its earnings results on Thursday, May 1st. The semiconductor company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.14. Cohu had a negative return on equity of 3.18% and a negative net margin of 17.38%. The business had revenue of $96.80 million for the quarter, compared to analyst estimates of $96.61 million. During the same quarter in the previous year, the company posted $0.01 earnings per share. The company’s revenue for the quarter was down 10.0% compared to the same quarter last year. On average, equities research analysts expect that Cohu will post -0.36 earnings per share for the current 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.