Cohu, Inc. (NASDAQ:COHU) Receives $52.33 Average Target Price from Brokerages

Cohu, Inc. (NASDAQ:COHU) has received an average recommendation of “Moderate Buy” from the nine research firms that are covering the stock, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The average 12-month target price among brokers that have covered the stock in the last year is $59.2857.

COHU has been the subject of several analyst reports. Evercore reaffirmed an “outperform” rating and issued a $53.00 price objective on shares of Cohu in a research note on Tuesday, April 28th. Needham & Company LLC increased their price objective on Cohu from $33.00 to $54.00 and gave the company a “buy” rating in a report on Friday, May 1st. Jefferies Financial Group set a $60.00 target price on shares of Cohu and gave the stock a “buy” rating in a report on Friday, May 1st. TD Cowen boosted their price objective on Cohu from $60.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, June 16th. Finally, Stifel Nicolaus raised their target price on Cohu from $50.00 to $70.00 and gave the company a “buy” rating in a report on Friday.

Cohu Stock Up 1.9%

NASDAQ:COHU traded up $1.03 during mid-day trading on Friday, reaching $56.17. The stock had a trading volume of 929,520 shares, compared to its average volume of 1,401,746. The stock has a market cap of $2.65 billion, a P/E ratio of -47.20 and a beta of 1.55. The business’s 50 day moving average is $55.79 and its 200 day moving average is $39.70. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.43 and a quick ratio of 5.31. Cohu has a fifty-two week low of $17.80 and a fifty-two week high of $74.60.

Cohu (NASDAQ:COHU) last posted its earnings results on Thursday, April 30th. The semiconductor company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The business had revenue of $125.12 million during the quarter, compared to analyst estimates of $122.14 million. Cohu had a negative net margin of 11.54% and a negative return on equity of 3.50%. Cohu’s revenue was up 29.3% compared to the same quarter last year. During the same quarter last year, the firm earned ($0.02) earnings per share. As a group, sell-side analysts predict that Cohu will post 0.17 earnings per share for the current year.

Key Headlines Impacting Cohu

Here are the key news stories impacting Cohu this week:

• Positive Sentiment: Stifel Nicolaus raised its price target on Cohu to $70 from $50 and reiterated a buy rating, signaling increased confidence in upside potential and stronger valuation prospects. Article Title
• Positive Sentiment: Robert W. Baird upgraded Cohu to “strong-buy,” adding to the bullish analyst momentum and reinforcing investor expectations for improved demand, including AI-related semiconductor equipment demand. Article Title
• Positive Sentiment: Earlier coverage highlighted Cohu as a beneficiary of AI-driven demand, with an analyst initiation at outperform helping fuel the stock’s recent rally. Article Title
• Neutral Sentiment: Reported short interest data showed no meaningful change, with the filing indicating 0 shares short and a 0.0-day days-to-cover ratio, which does not currently signal a material bearish pressure or squeeze setup.

Insider Buying and Selling

In other news, Director Steven J. Bilodeau sold 10,257 shares of the firm’s stock in a transaction on Wednesday, May 20th. The shares were sold at an average price of $44.85, for a total value of $460,026.45. Following the sale, the director owned 52,272 shares in the company, valued at approximately $2,344,399.20. This trade represents a 16.40% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Jeffrey D. Jones sold 13,000 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $46.84, for a total transaction of $608,920.00. Following the transaction, the chief financial officer directly owned 343,792 shares in the company, valued at $16,103,217.28. This trade represents a 3.64% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders sold 90,668 shares of company stock valued at $4,248,016 in the last ninety days. Company insiders own 3.05% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in COHU. Trust Point Inc. bought a new stake in shares of Cohu in the second quarter valued at about $478,000. Canandaigua National Bank & Trust Co. bought a new position in Cohu during the second quarter valued at about $301,000. Pacific Excel Wealth Advisors Inc. acquired a new position in Cohu in the 2nd quarter valued at approximately $237,000. Segall Bryant & Hamill LLC lifted its position in shares of Cohu by 125.5% in the 1st quarter. Segall Bryant & Hamill LLC now owns 955,344 shares of the semiconductor company’s stock worth $29,253,000 after acquiring an additional 531,661 shares during the period. Finally, Bank of America Corp DE lifted its position in shares of Cohu by 2.2% in the 1st quarter. Bank of America Corp DE now owns 517,195 shares of the semiconductor company’s stock worth $15,837,000 after acquiring an additional 11,123 shares during the period. Institutional investors and hedge funds own 94.67% of the company’s stock.

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.