Brokerages Set Cohu, Inc. (NASDAQ:COHU) Target Price at $34.00

Shares of Cohu, Inc. (NASDAQ:COHU) have received a consensus recommendation of “Moderate Buy” from the eight analysts that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, five have given a buy rating and one has issued a strong buy rating on the company. The average 12-month price target among brokers that have issued ratings on the stock in the last year is $37.50.

COHU has been the topic of several recent analyst reports. TD Cowen lifted their target price on shares of Cohu from $30.00 to $35.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. Zacks Research upgraded Cohu from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. Needham & Company LLC raised their target price on Cohu from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Jefferies Financial Group assumed coverage on shares of Cohu in a research report on Sunday. They set a “buy” rating and a $55.00 price target for the company. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Cohu in a research note on Monday, April 20th.

Cohu Stock Performance

NASDAQ COHU opened at $46.19 on Tuesday. The company has a fifty day moving average price of $33.21 and a 200-day moving average price of $28.06. The firm has a market cap of $2.18 billion, a price-to-earnings ratio of -29.05 and a beta of 1.24. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.88 and a quick ratio of 5.69. Cohu has a 1 year low of $15.34 and a 1 year high of $47.69.

Cohu (NASDAQ:COHU) last released its quarterly earnings results on Thursday, February 12th. The semiconductor company reported ($0.15) earnings per share 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 firm had revenue of $122.23 million for the quarter, compared to the consensus estimate of $122.09 million. During the same period in the previous year, the business earned ($0.15) earnings per share. The firm’s revenue for the quarter was up 29.9% on a year-over-year basis. As a group, equities research analysts predict that Cohu will post 0.12 EPS for the current fiscal year.

Insider Buying and Selling at Cohu

In related news, SVP Christopher Bohrson sold 1,000 shares of the business’s stock in a transaction dated Wednesday, April 15th. The stock was sold at an average price of $38.00, for a total value of $38,000.00. Following the sale, the senior vice president directly owned 175,202 shares in the company, valued at approximately $6,657,676. The trade was a 0.57% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 3.05% of the company’s stock.

Hedge Funds Weigh In On Cohu

Large investors have recently made changes to their positions in the stock. Kestra Advisory Services LLC bought a new stake in shares of Cohu during the 4th quarter valued at $34,000. Farther Finance Advisors LLC boosted its stake in Cohu by 45.0% in the 4th quarter. Farther Finance Advisors LLC now owns 1,456 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 452 shares during the period. Los Angeles Capital Management LLC purchased a new position in Cohu during the 4th quarter valued at about $37,000. Bessemer Group Inc. grew its holdings in Cohu by 45.4% during the 3rd quarter. Bessemer Group Inc. now owns 1,564 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 488 shares in the last quarter. Finally, Hantz Financial Services Inc. increased its position in shares of Cohu by 83.7% during the third quarter. Hantz Financial Services Inc. now owns 1,569 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 715 shares during the period. 94.67% of the stock is owned by institutional investors.

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.