Cohu (NASDAQ:COHU) Reaches New 1-Year High – Still a Buy?

Cohu, Inc. (NASDAQ:COHU)’s stock price hit a new 52-week high during trading on Tuesday . The company traded as high as $30.83 and last traded at $29.66, with a volume of 280616 shares changing hands. The stock had previously closed at $29.35.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on COHU shares. B. Riley increased their price target on Cohu from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Monday, January 26th. Weiss Ratings restated a “sell (d-)” rating on shares of Cohu in a research report on Wednesday, January 21st. TD Cowen reissued a “buy” rating on shares of Cohu in a research report on Thursday, October 30th. Stifel Nicolaus raised their price objective on Cohu from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. Finally, Needham & Company LLC upgraded Cohu from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Tuesday, January 6th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat, Cohu has an average rating of “Moderate Buy” and a consensus price target of $31.75.

Cohu Stock Performance

The firm has a market cap of $1.36 billion, a price-to-earnings ratio of -18.59 and a beta of 1.27. The company has a current ratio of 4.39, a quick ratio of 3.24 and a debt-to-equity ratio of 0.01. The stock has a fifty day moving average price of $25.76 and a 200 day moving average price of $22.70.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in COHU. Bessemer Group Inc. boosted its stake in shares of Cohu by 45.4% in the 3rd quarter. Bessemer Group Inc. now owns 1,564 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 488 shares during the last quarter. Hantz Financial Services Inc. boosted its stake in Cohu by 83.7% in the third quarter. Hantz Financial Services Inc. now owns 1,569 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 715 shares during the last quarter. Farther Finance Advisors LLC grew its holdings in Cohu by 45.0% during the 4th quarter. Farther Finance Advisors LLC now owns 1,456 shares of the semiconductor company’s stock worth $34,000 after acquiring an additional 452 shares during the period. Smartleaf Asset Management LLC increased its holdings in Cohu by 202.7% in the second quarter. Smartleaf Asset Management LLC now owns 2,113 shares of the semiconductor company’s stock valued at $41,000 after purchasing an additional 1,415 shares during the last quarter. Finally, Quadrant Capital Group LLC acquired a new position in Cohu in the third quarter valued at about $81,000. Institutional investors and hedge funds own 94.67% of the company’s stock.

About Cohu

Cohu, Inc is a global provider of semiconductor test and inspection solutions, offering a broad portfolio of products designed to support chip manufacturers, outsourced semiconductor assembly and test (OSAT) providers, and electronics original equipment manufacturers (OEMs). The company’s product lineup includes automatic test handlers, wafer probers, test sockets, thermal subassembly systems and burn-in boards, all engineered to optimize throughput, accuracy and reliability in semiconductor production and final test.

Founded in 1947 and headquartered in Poway, California, Cohu has grown through both organic development and targeted acquisitions to become a recognized leader in test handling and interconnect technologies.