Brokerages Set Cohu, Inc. (NASDAQ:COHU) Price Target at $31.50

Cohu, Inc. (NASDAQ:COHU) has been given a consensus recommendation of “Moderate Buy” by the six analysts that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $31.50.

COHU has been the topic of several research reports. Craig Hallum raised Cohu from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Friday, November 1st. The Goldman Sachs Group cut their target price on shares of Cohu from $26.00 to $23.00 and set a “sell” rating on the stock in a research report on Friday, November 1st. TD Cowen lowered their price target on shares of Cohu from $36.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Finally, Needham & Company LLC increased their price objective on shares of Cohu from $27.00 to $30.00 and gave the company a “buy” rating in a report on Friday, November 1st.

Insider Transactions at Cohu

In other news, Director Nina Richardson sold 4,999 shares of Cohu stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $24.14, for a total transaction of $120,675.86. Following the transaction, the director now directly owns 28,313 shares of the company’s stock, valued at $683,475.82. This trade represents a 15.01 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. In the last ninety days, insiders sold 5,599 shares of company stock worth $135,850. 2.70% of the stock is currently owned by company insiders.

Institutional Trading of Cohu

A number of large investors have recently made changes to their positions in the company. Mackenzie Financial Corp lifted its holdings in Cohu by 5.6% during the second quarter. Mackenzie Financial Corp now owns 7,939 shares of the semiconductor company’s stock worth $263,000 after acquiring an additional 419 shares in the last quarter. Wedge Capital Management L L P NC lifted its holdings in shares of Cohu by 1.0% during the 2nd quarter. Wedge Capital Management L L P NC now owns 47,223 shares of the semiconductor company’s stock valued at $1,563,000 after purchasing an additional 466 shares in the last quarter. Oak Associates Ltd. OH grew its position in shares of Cohu by 0.6% in the 2nd quarter. Oak Associates Ltd. OH now owns 83,704 shares of the semiconductor company’s stock valued at $2,771,000 after purchasing an additional 521 shares during the period. First Horizon Advisors Inc. increased its stake in Cohu by 49.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,622 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 535 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC raised its holdings in Cohu by 1.7% during the 2nd quarter. Linden Thomas Advisory Services LLC now owns 34,091 shares of the semiconductor company’s stock worth $1,128,000 after buying an additional 555 shares during the period. Institutional investors own 94.67% of the company’s stock.

Cohu Price Performance

Shares of COHU stock opened at $26.54 on Wednesday. Cohu has a 1 year low of $22.80 and a 1 year high of $36.60. The company has a current ratio of 6.38, a quick ratio of 4.69 and a debt-to-equity ratio of 0.01. The firm’s 50 day moving average is $25.95 and its 200-day moving average is $28.11. The firm has a market capitalization of $1.24 billion, a price-to-earnings ratio of -24.57 and a beta of 1.51.

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