Cohu, Inc. (NASDAQ:COHU) Receives Consensus Rating of “Moderate Buy” from Brokerages

Cohu, Inc. (NASDAQ:COHU) has been given an average rating of “Moderate Buy” by the eight research firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and six have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $49.00.

Several equities analysts have recently weighed in on COHU shares. Zacks Research raised Cohu from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Weiss Ratings reissued a “sell (d-)” rating on shares of Cohu in a report on Monday, April 20th. Evercore reissued an “outperform” rating and set a $53.00 price target on shares of Cohu in a report on Tuesday, April 28th. Jefferies Financial Group set a $60.00 price target on Cohu and gave the company a “buy” rating in a report on Friday, May 1st. Finally, Stifel Nicolaus increased their price target on Cohu from $32.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, March 18th.

Insider Activity

In other news, Director William Bendush sold 7,500 shares of the stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $49.14, for a total transaction of $368,550.00. Following the transaction, the director directly owned 24,780 shares of the company’s stock, valued at $1,217,689.20. This represents a 23.23% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Christopher Bohrson sold 1,500 shares of the stock in a transaction on Monday, May 11th. The shares were sold at an average price of $51.28, for a total value of $76,920.00. Following the transaction, the senior vice president directly owned 173,702 shares in the company, valued at $8,907,438.56. The trade was a 0.86% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 22,257 shares of company stock valued at $1,018,986 in the last ninety days. 3.05% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Cohu

A number of institutional investors have recently bought and sold shares of the stock. Segall Bryant & Hamill LLC raised its holdings in 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 purchasing an additional 531,661 shares during the period. Bank of America Corp DE raised its holdings in 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 purchasing an additional 11,123 shares during the period. Amundi raised its holdings in Cohu by 89.0% in the 1st quarter. Amundi now owns 36,844 shares of the semiconductor company’s stock worth $1,128,000 after purchasing an additional 17,345 shares during the period. California State Teachers Retirement System raised its holdings in Cohu by 35.8% in the 1st quarter. California State Teachers Retirement System now owns 58,792 shares of the semiconductor company’s stock worth $1,800,000 after purchasing an additional 15,503 shares during the period. Finally, The Manufacturers Life Insurance Company raised its holdings in Cohu by 44.2% in the 1st quarter. The Manufacturers Life Insurance Company now owns 19,734 shares of the semiconductor company’s stock worth $604,000 after purchasing an additional 6,045 shares during the period. 94.67% of the stock is owned by institutional investors.

Cohu Stock Performance

Shares of COHU opened at $46.53 on Friday. The business’s fifty day simple moving average is $39.09 and its two-hundred day simple moving average is $30.94. The company has a current ratio of 6.43, a quick ratio of 5.31 and a debt-to-equity ratio of 0.37. Cohu has a 12 month low of $16.46 and a 12 month high of $52.43. The company has a market cap of $2.19 billion, a price-to-earnings ratio of -39.10 and a beta of 1.61.

Cohu (NASDAQ:COHU) last issued its earnings results on Thursday, April 30th. The semiconductor company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.02). The business had revenue of $125.12 million for the quarter, compared to analysts’ expectations of $122.14 million. Cohu had a negative net margin of 11.54% and a negative return on equity of 3.50%. The business’s revenue for the quarter was up 29.3% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.02) earnings per share. Research analysts anticipate that Cohu will post 0.17 earnings per share for the current fiscal 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.