Cohu (NASDAQ:COHU) Shares Gap Up Following Analyst Upgrade

Shares of Cohu, Inc. (NASDAQ:COHU) gapped up before the market opened on Thursday after Stifel Nicolaus raised their price target on the stock from $50.00 to $70.00. The stock had previously closed at $52.12, but opened at $56.49. Stifel Nicolaus currently has a buy rating on the stock. Cohu shares last traded at $57.9290, with a volume of 101,746 shares trading hands.

Other analysts have also issued reports about the stock. TD Cowen increased their price target on shares of Cohu from $60.00 to $80.00 and gave the stock a “buy” rating in a research report on Tuesday, June 16th. Robert W. Baird initiated coverage on shares of Cohu in a research report on Wednesday. They set an “outperform” rating and a $65.00 price objective on the stock. B. Riley Financial reiterated a “buy” rating on shares of Cohu in a research note on Monday, April 20th. Jefferies Financial Group set a $60.00 target price on shares of Cohu and gave the stock a “buy” rating in a research report on Friday, May 1st. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Cohu in a research note on Monday, April 20th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $59.29.

Insider Activity at Cohu

In related news, CEO Luis A. Muller sold 45,154 shares of the company’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $46.62, for a total transaction of $2,105,079.48. Following the completion of the transaction, the chief executive officer directly owned 927,619 shares in the company, valued at $43,245,597.78. This represents a 4.64% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CFO Jeffrey D. Jones sold 13,000 shares of the company’s stock in a transaction that occurred on Friday, May 22nd. The shares were sold at an average price of $46.84, for a total value of $608,920.00. Following the completion of the transaction, the chief financial officer directly owned 343,792 shares of the company’s stock, valued at approximately $16,103,217.28. This trade represents a 3.64% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold a total of 90,668 shares of company stock worth $4,248,016 in the last 90 days. Insiders own 3.05% of the company’s stock.

Cohu News Summary

Here are the key news stories impacting Cohu this week:

• Positive Sentiment: Stifel Nicolaus raised its price target on Cohu to $70 from $50 and reiterated a buy rating, signaling increased confidence in upside potential and stronger valuation prospects. Article Title
• Positive Sentiment: Robert W. Baird upgraded Cohu to “strong-buy,” adding to the bullish analyst momentum and reinforcing investor expectations for improved demand, including AI-related semiconductor equipment demand. Article Title
• Positive Sentiment: Earlier coverage highlighted Cohu as a beneficiary of AI-driven demand, with an analyst initiation at outperform helping fuel the stock’s recent rally. Article Title
• Neutral Sentiment: Reported short interest data showed no meaningful change, with the filing indicating 0 shares short and a 0.0-day days-to-cover ratio, which does not currently signal a material bearish pressure or squeeze setup.

Institutional Trading of Cohu

Large investors have recently bought and sold shares of the stock. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake in Cohu by 3.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,214 shares of the semiconductor company’s stock worth $400,000 after buying an additional 905 shares during the last quarter. Caxton Associates LLP bought a new position in shares of Cohu in the first quarter valued at approximately $276,000. Jane Street Group LLC raised its stake in shares of Cohu by 2,042.7% in the first quarter. Jane Street Group LLC now owns 162,674 shares of the semiconductor company’s stock valued at $2,393,000 after acquiring an additional 155,082 shares during the last quarter. American Century Companies Inc. boosted its holdings in shares of Cohu by 4.9% in the 2nd quarter. American Century Companies Inc. now owns 114,361 shares of the semiconductor company’s stock worth $2,200,000 after acquiring an additional 5,297 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of Cohu by 478.4% in the 2nd quarter. Invesco Ltd. now owns 1,175,282 shares of the semiconductor company’s stock worth $22,612,000 after acquiring an additional 972,088 shares in the last quarter. 94.67% of the stock is currently owned by institutional investors.

Cohu Stock Performance

The firm has a market capitalization of $2.65 billion, a P/E ratio of -47.20 and a beta of 1.55. The stock has a 50-day moving average of $55.79 and a 200 day moving average of $39.70. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.31 and a current ratio of 6.43.

Cohu (NASDAQ:COHU) last issued its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.02). The company had revenue of $125.12 million for the quarter, compared to analyst estimates of $122.14 million. Cohu had a negative return on equity of 3.50% and a negative net margin of 11.54%.The firm’s quarterly revenue was up 29.3% on a year-over-year basis. During the same quarter last year, the company earned ($0.02) EPS. On average, research analysts anticipate that Cohu, Inc. will post 0.17 earnings per share for the current year.

Cohu Company Profile

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.