Cohu (COHU) Raised to Hold at ValuEngine
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.
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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To view ValuEngine’s full report, visit ValuEngine’s official website.
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