Cohu (NASDAQ:COHU) Given New $30.00 Price Target at Craig Hallum

Cohu (NASDAQ:COHU) had its target price reduced by Craig Hallum from $35.00 to $30.00 in a report released on Friday morning, Benzinga reports. They currently have a hold rating on the semiconductor company’s stock.

A number of other analysts have also recently commented on COHU. Needham & Company LLC reaffirmed a buy rating and issued a $36.00 price target on shares of Cohu in a research note on Friday, February 16th. TD Cowen cut their target price on shares of Cohu from $40.00 to $36.00 and set a buy rating on the stock in a report on Friday. Finally, B. Riley dropped their price target on Cohu from $45.00 to $40.00 and set a buy rating on the stock in a research note on Friday. Two research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of $38.00.

Cohu Price Performance

Shares of NASDAQ:COHU traded down $0.74 during midday trading on Friday, reaching $29.60. The company’s stock had a trading volume of 346,440 shares, compared to its average volume of 230,611. The business’s fifty day simple moving average is $31.35 and its 200-day simple moving average is $32.42. The company has a debt-to-equity ratio of 0.04, a current ratio of 6.18 and a quick ratio of 4.67. Cohu has a fifty-two week low of $28.57 and a fifty-two week high of $43.99. The company has a market capitalization of $1.39 billion, a P/E ratio of -592.00 and a beta of 1.54.

Cohu (NASDAQ:COHU) last announced its earnings results on Thursday, February 15th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. Cohu had a negative net margin of 0.38% and a positive return on equity of 3.88%. The company had revenue of $137.23 million for the quarter, compared to analyst estimates of $136.94 million. During the same period in the prior year, the business earned $0.63 earnings per share. Cohu’s quarterly revenue was down 28.2% on a year-over-year basis. As a group, equities research analysts expect that Cohu will post 0.22 EPS for the current fiscal year.

Institutional Investors Weigh In On Cohu

Several hedge funds have recently bought and sold shares of COHU. Meeder Asset Management Inc. acquired a new stake in shares of Cohu in the fourth quarter valued at approximately $35,000. Teza Capital Management LLC acquired a new stake in Cohu during the third quarter worth approximately $212,000. Altfest L J & Co. Inc. bought a new stake in shares of Cohu during the fourth quarter worth approximately $250,000. TFO Wealth Partners LLC grew its position in shares of Cohu by 10,587.5% in the fourth quarter. TFO Wealth Partners LLC now owns 855 shares of the semiconductor company’s stock valued at $283,000 after purchasing an additional 847 shares during the last quarter. Finally, Inspire Investing LLC increased its stake in shares of Cohu by 17.3% during the third quarter. Inspire Investing LLC now owns 8,894 shares of the semiconductor company’s stock worth $306,000 after purchasing an additional 1,313 shares during the period. 94.67% of the stock is currently owned by institutional investors and hedge funds.

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.