Cohu, Inc. (NASDAQ:COHU) Receives $31.50 Average PT from Brokerages

Cohu, Inc. (NASDAQ:COHU) has received a consensus rating of “Moderate Buy” from the six research firms that are presently covering the company, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The average 12-month price objective among brokerages that have updated their coverage on the stock in the last year is $31.50.

Several research firms have recently issued reports on COHU. Needham & Company LLC increased their price target on Cohu from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, November 1st. TD Cowen decreased their target price on Cohu from $36.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, November 1st. The Goldman Sachs Group decreased their target price on Cohu from $26.00 to $23.00 and set a “sell” rating for the company in a research note on Friday, November 1st. StockNews.com cut Cohu from a “hold” rating to a “sell” rating in a research note on Friday, August 2nd. Finally, Craig Hallum raised Cohu from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Friday, November 1st.

Cohu Trading Down 4.0 %

NASDAQ:COHU opened at $25.87 on Friday. Cohu has a 1 year low of $22.80 and a 1 year high of $36.60. The stock has a market cap of $1.21 billion, a price-to-earnings ratio of -23.95 and a beta of 1.52. The business has a fifty day moving average of $25.40 and a 200-day moving average of $28.51. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.69 and a current ratio of 6.38.

Cohu (NASDAQ:COHU) last released its quarterly earnings results on Thursday, October 31st. The semiconductor company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.02). Cohu had a negative return on equity of 1.01% and a negative net margin of 11.35%. The business had revenue of $95.30 million during the quarter, compared to the consensus estimate of $95.75 million. During the same period in the previous year, the company posted $0.27 EPS. The company’s revenue for the quarter was down 36.8% compared to the same quarter last year. Equities analysts predict that Cohu will post -0.46 earnings per share for the current year.

Insider Activity at Cohu

In related news, Director Nina Richardson sold 4,999 shares of the stock in a transaction 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 completion of the transaction, the director now owns 28,313 shares in the company, valued at $683,475.82. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders sold 5,599 shares of company stock worth $135,850 in the last quarter. 2.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Cohu

Hedge funds and other institutional investors have recently modified their holdings of the stock. Signaturefd LLC boosted its position in shares of Cohu by 1,256.3% in the 2nd quarter. Signaturefd LLC now owns 868 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 804 shares during the period. First Horizon Advisors Inc. lifted its stake in Cohu by 558.8% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,087 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 922 shares in the last quarter. CWM LLC lifted its stake in Cohu by 158.1% in the 2nd quarter. CWM LLC now owns 1,533 shares of the semiconductor company’s stock worth $51,000 after acquiring an additional 939 shares in the last quarter. 1620 Investment Advisors Inc. purchased a new stake in Cohu in the 2nd quarter worth about $97,000. Finally, Perkins Coie Trust Co purchased a new stake in Cohu in the 2nd quarter worth about $132,000. 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.