Cohu, Inc. (NASDAQ:COHU) Receives $35.00 Consensus Price Target from Analysts

Shares of Cohu, Inc. (NASDAQ:COHU) have received an average rating of “Moderate Buy” from the five brokerages that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $35.00.

A number of equities analysts have issued reports on COHU shares. Needham & Company LLC reduced their price target on shares of Cohu from $37.00 to $33.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. Citigroup cut shares of Cohu from a “buy” rating to a “neutral” rating and set a $36.00 target price for the company. in a report on Monday, July 15th. Finally, StockNews.com lowered shares of Cohu from a “hold” rating to a “sell” rating in a report on Friday, August 2nd.

Insider Activity at Cohu

In other Cohu news, Director Nina Richardson sold 4,999 shares of the firm’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $24.14, for a total value of $120,675.86. Following the sale, the director now directly owns 28,313 shares of the company’s stock, valued at approximately $683,475.82. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders sold a total of 5,399 shares of company stock worth $130,204 in the last three months. Company insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On Cohu

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Signaturefd LLC increased its position in shares of Cohu by 1,256.3% during the second quarter. Signaturefd LLC now owns 868 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 804 shares in the last quarter. First Horizon Advisors Inc. grew its holdings in shares of Cohu by 558.8% during the second quarter. First Horizon Advisors Inc. now owns 1,087 shares of the semiconductor company’s stock worth $36,000 after buying an additional 922 shares in the last quarter. CWM LLC raised its position in shares of Cohu by 158.1% in the second quarter. CWM LLC now owns 1,533 shares of the semiconductor company’s stock valued at $51,000 after buying an additional 939 shares during the last quarter. 1620 Investment Advisors Inc. purchased a new position in shares of Cohu in the second quarter worth about $97,000. Finally, Perkins Coie Trust Co acquired a new position in Cohu during the second quarter worth about $132,000. 94.67% of the stock is owned by hedge funds and other institutional investors.

Cohu Price Performance

NASDAQ COHU opened at $25.18 on Tuesday. The company has a market cap of $1.19 billion, a price-to-earnings ratio of -503.60 and a beta of 1.53. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.95 and a quick ratio of 5.09. The stock’s fifty day moving average price is $25.18 and its 200 day moving average price is $29.15. Cohu has a 1 year low of $22.80 and a 1 year high of $36.60.

Cohu (NASDAQ:COHU) last posted its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.03). Cohu had a negative net margin of 5.70% and a positive return on equity of 1.27%. The firm had revenue of $104.70 million for the quarter, compared to analysts’ expectations of $105.00 million. As a group, equities research analysts forecast that Cohu will post -0.41 earnings per share for the current year.

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.