Cohu (NASDAQ:COHU) was upgraded by equities research analysts at ValuEngine from a “sell” rating to a “hold” rating in a research report issued on Monday.

Other research analysts also recently issued research reports about the stock. DA Davidson began coverage on shares of Cohu in a research note on Monday. They issued a “buy” rating and a $30.00 target price for the company. Zacks Investment Research downgraded shares of Cohu from a “buy” rating to a “hold” rating in a research note on Tuesday, July 10th. BidaskClub raised shares of Cohu from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 8th. Finally, Stifel Nicolaus downgraded shares of Cohu from a “buy” rating to a “hold” rating in a research note on Monday, May 28th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average target price of $27.75.

COHU stock traded up $1.19 during trading on Monday, hitting $22.94. The stock had a trading volume of 335,800 shares, compared to its average volume of 257,195. Cohu has a 1-year low of $18.60 and a 1-year high of $27.83. The company has a market capitalization of $628.34 million, a price-to-earnings ratio of 17.12 and a beta of 1.00. The company has a current ratio of 3.66, a quick ratio of 2.93 and a debt-to-equity ratio of 0.01.

Cohu (NASDAQ:COHU) last announced its earnings results on Thursday, August 2nd. The semiconductor company reported $0.64 earnings per share for the quarter, beating the consensus estimate of $0.47 by $0.17. Cohu had a net margin of 9.50% and a return on equity of 15.21%. The firm had revenue of $99.80 million during the quarter, compared to the consensus estimate of $99.57 million. During the same quarter in the previous year, the company posted $0.48 EPS. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis. research analysts predict that Cohu will post 1.57 earnings per share for the current year.

In related news, VP Hock Woo Chiang sold 15,825 shares of the business’s stock in a transaction dated Tuesday, August 14th. The shares were sold at an average price of $27.59, for a total value of $436,611.75. Following the completion of the transaction, the vice president now owns 71,947 shares of the company’s stock, valued at approximately $1,985,017.73. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.88% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Northern Trust Corp grew its holdings in Cohu by 43.2% in the 2nd quarter. Northern Trust Corp now owns 635,951 shares of the semiconductor company’s stock valued at $15,586,000 after buying an additional 191,710 shares during the period. Cowen Inc. purchased a new stake in Cohu in the 2nd quarter valued at about $1,020,000. B. Riley Financial Inc. purchased a new stake in Cohu in the 2nd quarter valued at about $577,000. California Public Employees Retirement System purchased a new stake in Cohu in the 2nd quarter valued at about $208,000. Finally, Voce Capital Management LLC purchased a new stake in Cohu in the 2nd quarter valued at about $1,519,000. Institutional investors own 97.49% of the company’s stock.

Cohu Company Profile

Cohu, Inc, through its subsidiaries, engages in the development, manufacture, sale, and servicing of semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors, and thermal sub-systems for semiconductor manufacturers and test subcontractors worldwide.

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Analyst Recommendations for Cohu (NASDAQ:COHU)

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