Cohu, Inc. (NASDAQ:COHU) Downgraded by BidaskClub to “Sell”
Cohu, Inc. (NASDAQ:COHU) was downgraded by equities research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research note issued to investors on Tuesday.
A number of other equities research analysts also recently weighed in on COHU. B. Riley restated a “buy” rating and issued a $25.00 price target on shares of Cohu in a research note on Monday, July 10th. Dougherty & Co raised their price objective on shares of Cohu from $23.50 to $24.00 and gave the company a “buy” rating in a report on Friday, July 28th. Zacks Investment Research lowered shares of Cohu from a “strong-buy” rating to a “hold” rating in a report on Tuesday, July 18th. Finally, Stifel Nicolaus reiterated a “hold” rating and issued a $19.00 price objective (up previously from $17.00) on shares of Cohu in a report on Monday, July 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and an average price target of $22.75.
Shares of Cohu (NASDAQ COHU) opened at 17.84 on Tuesday. The firm has a market capitalization of $498.79 million, a price-to-earnings ratio of 25.78 and a beta of 0.88. The stock’s 50 day moving average is $17.60 and its 200 day moving average is $17.17. Cohu has a 12 month low of $10.01 and a 12 month high of $21.64.
Cohu (NASDAQ:COHU) last announced its quarterly earnings data on Thursday, July 27th. The semiconductor company reported $0.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.39 by $0.03. The firm had revenue of $93.90 million for the quarter, compared to the consensus estimate of $92.91 million. Cohu had a net margin of 6.21% and a return on equity of 11.59%. The business’s revenue for the quarter was up 22.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.23 earnings per share. Equities research analysts forecast that Cohu will post $1.54 earnings per share for the current fiscal year.
In other news, Director James A. Donahue sold 75,000 shares of Cohu stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $17.87, for a total value of $1,340,250.00. Following the completion of the sale, the director now owns 444,049 shares in the company, valued at approximately $7,935,155.63. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Hock Woo Chiang sold 12,000 shares of Cohu stock in a transaction on Wednesday, May 10th. The shares were sold at an average price of $19.05, for a total transaction of $228,600.00. Following the completion of the sale, the vice president now owns 92,173 shares of the company’s stock, valued at approximately $1,755,895.65. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 120,639 shares of company stock valued at $2,182,936. Company insiders own 5.97% of the company’s stock.
Several hedge funds have recently added to or reduced their stakes in the stock. Dimensional Fund Advisors LP increased its stake in Cohu by 0.3% in the first quarter. Dimensional Fund Advisors LP now owns 2,264,566 shares of the semiconductor company’s stock valued at $41,804,000 after buying an additional 7,325 shares during the last quarter. Vanguard Group Inc. increased its stake in Cohu by 10.1% in the first quarter. Vanguard Group Inc. now owns 1,407,360 shares of the semiconductor company’s stock valued at $25,980,000 after buying an additional 129,316 shares during the last quarter. Renaissance Technologies LLC increased its stake in Cohu by 12.6% in the first quarter. Renaissance Technologies LLC now owns 684,459 shares of the semiconductor company’s stock valued at $12,635,000 after buying an additional 76,405 shares during the last quarter. State Street Corp increased its stake in Cohu by 12.6% in the fourth quarter. State Street Corp now owns 607,335 shares of the semiconductor company’s stock valued at $8,446,000 after buying an additional 68,016 shares during the last quarter. Finally, Cooke & Bieler LP increased its stake in Cohu by 7.1% in the second quarter. Cooke & Bieler LP now owns 567,480 shares of the semiconductor company’s stock valued at $8,932,000 after buying an additional 37,840 shares during the last quarter. Institutional investors own 81.22% of the company’s stock.
Cohu, Inc is a supplier of semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors and thermal sub-systems used by global semiconductor manufacturers and test subcontractors. It develops, manufactures, sells and services a line of equipment capable of handling a range of integrated circuits and light-emitting diodes.
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