Cohu (NASDAQ:COHU) Stock Price Up 5.1% Following Analyst Upgrade

Cohu, Inc. (NASDAQ:COHU) shot up 5.1% on Wednesday after Stifel Nicolaus raised their price target on the stock from $32.00 to $34.00. Stifel Nicolaus currently has a buy rating on the stock. Cohu traded as high as $30.55 and last traded at $30.3650. 245,389 shares changed hands during trading, a decline of 70% from the average session volume of 831,384 shares. The stock had previously closed at $28.88.

A number of other brokerages also recently issued reports on COHU. Evercore initiated coverage on Cohu in a research note on Monday. They issued an “outperform” rating and a $35.00 target price for the company. B. Riley Financial dropped their price target on shares of Cohu from $35.00 to $33.00 and set a “buy” rating for the company in a research note on Friday, February 13th. Needham & Company LLC lifted their price target on shares of Cohu from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cohu in a research report on Wednesday, January 21st. Finally, Zacks Research cut Cohu from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 19th. Five equities research analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $34.00.

Insider Buying and Selling at Cohu

In other news, SVP Christopher Bohrson sold 1,000 shares of the company’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $28.57, for a total value of $28,570.00. Following the completion of the transaction, the senior vice president owned 176,202 shares in the company, valued at approximately $5,034,091.14. This represents a 0.56% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On Cohu

Several large investors have recently bought and sold shares of COHU. Bessemer Group Inc. grew its holdings in shares of Cohu by 45.4% during the third quarter. Bessemer Group Inc. now owns 1,564 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 488 shares during the last quarter. Hantz Financial Services Inc. boosted its position in shares of Cohu by 83.7% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,569 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 715 shares during the period. Farther Finance Advisors LLC grew its stake 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 buying an additional 452 shares during the last quarter. Kestra Advisory Services LLC acquired a new stake in shares of Cohu in the fourth quarter valued at approximately $34,000. Finally, Los Angeles Capital Management LLC purchased a new position in shares of Cohu during the fourth quarter worth approximately $37,000. Institutional investors and hedge funds own 94.67% of the company’s stock.

Cohu Stock Performance

The stock has a market cap of $1.45 billion, a PE ratio of -19.47 and a beta of 1.27. The firm’s 50-day moving average is $29.38 and its 200 day moving average is $24.96. The company has a debt-to-equity ratio of 0.36, a quick ratio of 5.69 and a current ratio of 6.88.

Cohu (NASDAQ:COHU) last posted its quarterly earnings data on Thursday, February 12th. The semiconductor company reported ($0.15) EPS for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.22). The business had revenue of $122.23 million during the quarter, compared to analyst estimates of $122.09 million. Cohu had a negative net margin of 16.40% and a negative return on equity of 3.76%. The company’s revenue for the quarter was up 29.9% compared to the same quarter last year. During the same quarter in the prior year, the firm posted ($0.15) earnings per share. As a group, research analysts anticipate that Cohu, Inc. will post -0.36 EPS for the current year.

Cohu Company Profile

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.