Cohu, Inc. (NASDAQ:COHU) Stock Has Average Target Price of $68.75

Cohu, Inc. (NASDAQ:COHU) has received a consensus rating of “Moderate Buy” from the ten ratings firms that are covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, seven have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $68.75.

A number of equities analysts have weighed in on the company. Robert W. Baird started coverage on Cohu in a report on Wednesday, July 8th. They issued an “outperform” rating and a $65.00 price target for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Cohu in a report on Friday, July 17th. Stifel Nicolaus increased their target price on shares of Cohu from $50.00 to $70.00 and gave the stock a “buy” rating in a report on Friday, July 10th. Jefferies Financial Group reissued a “buy” rating and issued a $74.00 price target on shares of Cohu in a report on Friday, July 31st. Finally, Needham & Company LLC lifted their price objective on shares of Cohu from $54.00 to $65.00 and gave the company a “buy” rating in a research report on Friday, July 31st.

Cohu Trading Down 3.0%

Shares of NASDAQ:COHU traded down $1.97 during trading on Tuesday, reaching $63.24. 122,615 shares of the stock were exchanged, compared to its average volume of 1,105,041. The company has a debt-to-equity ratio of 0.37, a quick ratio of 4.72 and a current ratio of 5.74. Cohu has a 12-month low of $20.52 and a 12-month high of $75.72. The firm’s 50-day moving average price is $57.52 and its 200 day moving average price is $52.46. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of -76.20 and a beta of 1.51.

Cohu (NASDAQ:COHU) last released its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.12. Cohu had a negative net margin of 7.43% and a negative return on equity of 1.96%. The company had revenue of $149.00 million during the quarter, compared to analyst estimates of $144.20 million. During the same quarter in the prior year, the business earned $0.02 earnings per share. The business’s quarterly revenue was up 38.3% compared to the same quarter last year. On average, sell-side analysts anticipate that Cohu will post 0.47 earnings per share for the current fiscal year.

Insider Activity at Cohu

In other Cohu news, CEO Luis Muller sold 21,662 shares of the stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $73.00, for a total transaction of $1,581,326.00. Following the completion of the transaction, the chief executive officer directly owned 822,927 shares of the company’s stock, valued at approximately $60,073,671. This trade represents a 2.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Andrew M. Caggia sold 15,252 shares of the firm’s stock in a transaction dated Wednesday, August 5th. The shares were sold at an average price of $51.74, for a total value of $789,138.48. Following the transaction, the director directly owned 64,778 shares of the company’s stock, valued at $3,351,613.72. This represents a 19.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 133,999 shares of company stock worth $8,265,999. 3.05% of the stock is owned by company insiders.

Institutional Trading of Cohu

A number of large investors have recently added to or reduced their stakes in the business. CoreCap Advisors LLC boosted its position in shares of Cohu by 150.0% in the 3rd quarter. CoreCap Advisors LLC now owns 500 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 300 shares during the period. Sheets Smith Wealth Management grew its position in Cohu by 3.0% during the first quarter. Sheets Smith Wealth Management now owns 14,644 shares of the semiconductor company’s stock valued at $448,000 after purchasing an additional 420 shares in the last quarter. Allworth Financial LP increased its stake in shares of Cohu by 109.8% in the second quarter. Allworth Financial LP now owns 879 shares of the semiconductor company’s stock worth $65,000 after acquiring an additional 460 shares during the last quarter. Nykredit A S acquired a new position in Cohu in the 2nd quarter worth about $36,000. Finally, GAMMA Investing LLC increased its holdings in Cohu by 8.3% in the third quarter. GAMMA Investing LLC now owns 8,366 shares of the semiconductor company’s stock worth $570,000 after buying an additional 641 shares during the last quarter. 94.67% of the stock is currently owned by institutional investors.

About Cohu

Cohu, Inc provides semiconductor test and inspection equipment, consumables and related services used by semiconductor manufacturers and outsourced semiconductor assembly and test providers. Its solutions support the testing and handling of integrated circuits throughout the manufacturing process, helping customers evaluate device performance, reliability and quality.

The company’s product portfolio includes semiconductor test handlers, inspection and metrology systems, thermal-management equipment, test contactors and other interface products.