Cohu, Inc. (NASDAQ:COHU) Given Consensus Rating of “Moderate Buy” by Analysts

Cohu, Inc. (NASDAQ:COHU) has been assigned an average rating of “Moderate Buy” from the six brokerages that are covering the firm, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $29.3333.

COHU has been the topic of several analyst reports. B. Riley reaffirmed a “buy” rating on shares of Cohu in a research report on Thursday, October 30th. Cowen reissued a “buy” rating on shares of Cohu in a report on Thursday, October 30th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cohu in a research report on Wednesday, October 8th. Finally, TD Cowen increased their price target on shares of Cohu from $22.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th.

Cohu Price Performance

Shares of NASDAQ:COHU opened at $23.23 on Wednesday. The company’s fifty day moving average is $23.13 and its 200 day moving average is $20.98. The company has a quick ratio of 3.24, a current ratio of 4.39 and a debt-to-equity ratio of 0.01. Cohu has a 52 week low of $12.57 and a 52 week high of $29.08. The stock has a market cap of $1.08 billion, a PE ratio of -14.80 and a beta of 1.34.

Cohu (NASDAQ:COHU) last announced its quarterly earnings results on Wednesday, October 29th. The semiconductor company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.19) by $0.13. The business had revenue of $126.25 million during the quarter, compared to analysts’ expectations of $124.98 million. Cohu had a negative net margin of 17.22% and a negative return on equity of 3.73%. The firm’s revenue for the quarter was up 32.5% compared to the same quarter last year. During the same quarter in the prior year, the company posted ($0.08) EPS. Research analysts anticipate that Cohu will post -0.36 earnings per share for the current year.

Institutional Trading of Cohu

Institutional investors and hedge funds have recently made changes to their positions in the business. State of Alaska Department of Revenue raised its holdings in shares of Cohu by 7.2% in the second quarter. State of Alaska Department of Revenue now owns 27,688 shares of the semiconductor company’s stock worth $531,000 after buying an additional 1,859 shares during the last quarter. Leeward Investments LLC MA lifted its holdings in Cohu by 6.2% in the second quarter. Leeward Investments LLC MA now owns 452,985 shares of the semiconductor company’s stock valued at $8,715,000 after acquiring an additional 26,454 shares during the period. First Eagle Investment Management LLC acquired a new stake in shares of Cohu during the 2nd quarter valued at about $3,950,000. Geode Capital Management LLC raised its stake in shares of Cohu by 4.6% during the 2nd quarter. Geode Capital Management LLC now owns 1,167,208 shares of the semiconductor company’s stock worth $22,459,000 after buying an additional 50,907 shares during the period. Finally, Tributary Capital Management LLC increased its stake in shares of Cohu by 7.4% during the second quarter. Tributary Capital Management LLC now owns 656,732 shares of the semiconductor company’s stock worth $12,636,000 after purchasing an additional 45,360 shares in the last quarter. 94.67% of the stock is currently owned by institutional investors.

About Cohu

Cohu, Inc, through its subsidiaries, provides semiconductor test equipment and services in China, the United States, Taiwan, Malaysia, the Philippines, and internationally. The company supplies semiconductor test and inspection handlers, micro-electromechanical system (MEMS) test modules, test contactors, thermal sub-systems, and semiconductor automated test equipment for semiconductor manufacturers and test subcontractors.