TD Cowen Lowers Cohu (NASDAQ:COHU) Price Target to $36.00

Cohu (NASDAQ:COHU) had its price target reduced by equities researchers at TD Cowen from $40.00 to $36.00 in a research report issued on Friday, Marketbeat.com reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. TD Cowen’s price objective points to a potential upside of 21.62% from the company’s previous close.

Separately, Needham & Company LLC restated a “buy” rating and set a $36.00 target price on shares of Cohu in a research report on Friday, February 16th. Two research analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $38.00.

Cohu Trading Down 2.4 %

NASDAQ:COHU traded down $0.74 on Friday, hitting $29.60. The stock had a trading volume of 346,440 shares, compared to its average volume of 230,611. Cohu has a 52 week low of $28.57 and a 52 week high of $43.99. The business’s fifty day moving average is $31.35 and its 200 day moving average is $32.40. The company has a quick ratio of 4.67, a current ratio of 6.18 and a debt-to-equity ratio of 0.04.

Cohu (NASDAQ:COHU) last posted its earnings results on Thursday, February 15th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, topping the consensus estimate 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 firm had revenue of $137.23 million during the quarter, compared to analyst estimates of $136.94 million. During the same quarter in the prior year, the business posted $0.63 EPS. The business’s revenue was down 28.2% compared to the same quarter last year. On average, sell-side analysts predict that Cohu will post 0.22 EPS for the current fiscal year.

Institutional Trading of Cohu

Several hedge funds and other institutional investors have recently bought and sold shares of COHU. TFO Wealth Partners LLC lifted its holdings in shares of Cohu by 10,587.5% during 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. Mirae Asset Global Investments Co. Ltd. lifted its position in Cohu by 4.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,314 shares of the semiconductor company’s stock valued at $754,000 after purchasing an additional 865 shares during the period. Meeder Asset Management Inc. purchased a new position in shares of Cohu in the 4th quarter worth $35,000. Inspire Investing LLC lifted its holdings in Cohu by 17.3% in the third quarter. Inspire Investing LLC now owns 8,894 shares of the semiconductor company’s stock valued at $306,000 after acquiring an additional 1,313 shares during the period. Finally, Swiss National Bank increased its position in shares of Cohu by 1.6% during the 3rd quarter. Swiss National Bank now owns 104,450 shares of the semiconductor company’s stock valued at $3,597,000 after purchasing an additional 1,600 shares during the last quarter. Hedge funds and other institutional investors 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.