Brokerages Set Cohu, Inc. (NASDAQ:COHU) Target Price at $30.57

Cohu, Inc. (NASDAQ:COHU) has received an average rating of “Hold” from the seven brokerages that are currently covering the company, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $30.57.

Several equities research analysts have recently weighed in on COHU shares. B. Riley lowered their price objective on Cohu from $34.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. Stifel Nicolaus lowered their price objective on Cohu from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Cohu in a research note on Tuesday, February 25th.

Cohu Trading Up 3.0 %

Shares of COHU opened at $17.03 on Friday. Cohu has a 12-month low of $15.61 and a 12-month high of $36.60. The company has a quick ratio of 4.69, a current ratio of 6.38 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $795.47 million, a price-to-earnings ratio of -11.35 and a beta of 1.50. The stock’s 50-day moving average price is $21.70 and its 200 day moving average price is $24.41.

Cohu (NASDAQ:COHU) last issued its quarterly earnings results on Thursday, February 20th. The semiconductor company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.18). Cohu had a negative net margin of 17.38% and a negative return on equity of 3.18%. As a group, research analysts predict that Cohu will post -0.36 earnings per share for the current year.

Institutional Investors Weigh In On Cohu

A number of large investors have recently bought and sold shares of COHU. Mitsubishi UFJ Asset Management Co. Ltd. grew its position in Cohu by 1,225.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,392 shares of the semiconductor company’s stock worth $37,000 after acquiring an additional 1,287 shares during the last quarter. Sterling Capital Management LLC grew its position in Cohu by 826.9% during the 4th quarter. Sterling Capital Management LLC now owns 1,483 shares of the semiconductor company’s stock worth $40,000 after acquiring an additional 1,323 shares during the last quarter. First Horizon Advisors Inc. grew its position 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 acquiring an additional 535 shares during the last quarter. Smartleaf Asset Management LLC grew its position in Cohu by 413.3% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,740 shares of the semiconductor company’s stock worth $46,000 after acquiring an additional 1,401 shares during the last quarter. Finally, KBC Group NV grew its position in Cohu by 75.7% during the 4th 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 currently owned by institutional investors.

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.