Cohu (NASDAQ:COHU) Price Target Raised to $34.00

Cohu (NASDAQ:COHU) had its target price raised by Stifel Nicolaus from $32.00 to $34.00 in a research report released on Wednesday morning,Benzinga reports. The brokerage currently has a buy rating on the semiconductor company’s stock.

A number of other analysts also recently issued reports on COHU. TD Cowen boosted their price objective on shares of Cohu from $30.00 to $35.00 and gave the company a “buy” rating in a report on Friday, February 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cohu in a report on Wednesday, January 21st. Needham & Company LLC lifted their price target on shares of Cohu from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Evercore began coverage on Cohu in a research note on Monday, March 16th. They issued an “outperform” rating and a $35.00 price target for the company. Finally, Zacks Research lowered Cohu from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 19th. Five research analysts have rated the stock with a Buy rating and two have given a Sell rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $34.00.

Cohu Stock Down 2.8%

COHU opened at $29.51 on Wednesday. Cohu has a fifty-two week low of $12.57 and a fifty-two week high of $34.96. The company has a debt-to-equity ratio of 0.36, a quick ratio of 5.69 and a current ratio of 6.88. The company has a market capitalization of $1.38 billion, a P/E ratio of -18.56 and a beta of 1.27. The stock has a fifty day moving average of $29.60 and a 200-day moving average of $25.10.

Cohu (NASDAQ:COHU) last announced its earnings results on Thursday, February 12th. The semiconductor company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.22). Cohu had a negative net margin of 16.40% and a negative return on equity of 3.76%. The business had revenue of $122.23 million during the quarter, compared to the consensus estimate of $122.09 million. During the same period in the previous year, the firm posted ($0.15) EPS. The company’s revenue was up 29.9% compared to the same quarter last year. On average, equities analysts expect that Cohu will post -0.36 EPS for the current year.

Insider Transactions at Cohu

In related news, SVP Christopher Bohrson sold 1,000 shares of Cohu stock in a transaction that occurred on Monday, March 16th. The shares were sold at an average price of $28.57, for a total value of $28,570.00. Following the transaction, the senior vice president directly owned 176,202 shares of the company’s stock, valued at $5,034,091.14. This trade represents a 0.56% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. 2.86% of the stock is owned by company insiders.

Institutional Investors Weigh In On Cohu

Large investors have recently modified their holdings of the business. Bessemer Group Inc. increased its stake in shares of Cohu by 45.4% in the 3rd quarter. Bessemer Group Inc. now owns 1,564 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 488 shares during the last quarter. Hantz Financial Services Inc. lifted its position in shares of Cohu by 83.7% during the 3rd quarter. Hantz Financial Services Inc. now owns 1,569 shares of the semiconductor company’s stock worth $32,000 after buying an additional 715 shares during the last quarter. Farther Finance Advisors LLC boosted its stake in Cohu by 45.0% in the fourth quarter. Farther Finance Advisors LLC now owns 1,456 shares of the semiconductor company’s stock valued at $34,000 after buying an additional 452 shares in the last quarter. Kestra Advisory Services LLC acquired a new stake in Cohu in the fourth quarter valued at about $34,000. Finally, Los Angeles Capital Management LLC bought a new position in Cohu in the fourth quarter valued at about $37,000. Institutional investors and hedge funds own 94.67% of the company’s stock.

About Cohu

Cohu, Inc is a global provider of semiconductor test and inspection solutions, offering a broad portfolio of products designed to support chip manufacturers, outsourced semiconductor assembly and test (OSAT) providers, and electronics original equipment manufacturers (OEMs). The company’s product lineup includes automatic test handlers, wafer probers, test sockets, thermal subassembly systems and burn-in boards, all engineered to optimize throughput, accuracy and reliability in semiconductor production and final test.

Founded in 1947 and headquartered in Poway, California, Cohu has grown through both organic development and targeted acquisitions to become a recognized leader in test handling and interconnect technologies.