Cohu, Inc. (NASDAQ:COHU) Given Average Rating of “Hold” by Analysts

Shares of Cohu, Inc. (NASDAQ:COHU) have been assigned a consensus rating of “Hold” from the seven research firms that are currently covering the company, MarketBeat.com reports. Two investment analysts have rated the stock with a sell recommendation and five have given a buy recommendation to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $34.00.

Several research firms have recently commented on COHU. TD Cowen boosted their price target on shares of Cohu from $30.00 to $35.00 and gave the company a “buy” rating in a report on Friday, February 13th. Stifel Nicolaus boosted their price objective on shares of Cohu from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, March 18th. Zacks Research lowered Cohu from a “hold” rating to a “strong sell” rating in a report on Thursday, February 19th. Evercore began coverage on Cohu in a research report on Monday, March 16th. They set an “outperform” rating and a $35.00 target price on the stock. Finally, B. Riley Financial cut their price target on Cohu from $35.00 to $33.00 and set a “buy” rating on the stock in a report on Friday, February 13th.

Cohu Stock Performance

COHU stock opened at $32.14 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.88 and a quick ratio of 5.69. The business has a 50-day moving average price of $30.01 and a 200 day moving average price of $25.76. The company has a market capitalization of $1.51 billion, a P/E ratio of -20.21 and a beta of 1.24. Cohu has a 1-year low of $12.57 and a 1-year high of $34.96.

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

Insiders Place Their Bets

In related news, SVP Christopher Bohrson sold 1,000 shares of the firm’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $28.57, for a total transaction of $28,570.00. Following the sale, the senior vice president owned 176,202 shares of the company’s stock, valued at $5,034,091.14. This trade represents a 0.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 2.86% of the stock is currently owned by insiders.

Institutional Trading of Cohu

Several hedge funds have recently modified their holdings of the company. Vanguard Personalized Indexing Management LLC grew its position in shares of Cohu by 2.1% in the 4th quarter. Vanguard Personalized Indexing Management LLC now owns 16,231 shares of the semiconductor company’s stock worth $378,000 after buying an additional 332 shares during the last quarter. US Bancorp DE lifted its position in Cohu by 4.6% during the third quarter. US Bancorp DE now owns 9,847 shares of the semiconductor company’s stock valued at $200,000 after acquiring an additional 432 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Cohu by 45.0% in the fourth quarter. Farther Finance Advisors LLC now owns 1,456 shares of the semiconductor company’s stock valued at $34,000 after acquiring an additional 452 shares in the last quarter. Amalgamated Bank boosted its stake in Cohu by 3.4% in the third quarter. Amalgamated Bank now owns 13,712 shares of the semiconductor company’s stock valued at $279,000 after acquiring an additional 457 shares in the last quarter. Finally, Bessemer Group Inc. grew its holdings in Cohu by 45.4% in 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. 94.67% of the stock is owned by hedge funds and other institutional investors.

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.