Cohu, Inc. (NASDAQ:COHU) Receives $63.86 Consensus PT from Analysts

Shares of Cohu, Inc. (NASDAQ:COHU) have been given a consensus recommendation of “Buy” by the ten ratings firms that are presently covering the stock, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, seven have assigned a buy recommendation and two have given a strong buy recommendation to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $68.75.

A number of research firms have issued reports on COHU. Zacks Research raised Cohu from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. B. Riley Financial raised their price objective on Cohu from $65.00 to $69.00 and gave the stock a “buy” rating in a report on Friday, July 31st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cohu in a research note on Friday, July 17th. Jefferies Financial Group reiterated a “buy” rating and set a $74.00 target price on shares of Cohu in a report on Friday, July 31st. Finally, Robert W. Baird started coverage on shares of Cohu in a research report on Wednesday, July 8th. They set an “outperform” rating and a $65.00 target price for the company.

Cohu Stock Down 2.1%

Shares of COHU opened at $51.73 on Thursday. The firm has a market cap of $2.45 billion, a PE ratio of -62.32 and a beta of 1.59. The company’s fifty day moving average is $56.75 and its two-hundred day moving average is $43.01. Cohu has a fifty-two week low of $18.17 and a fifty-two week high of $74.60. The company has a quick ratio of 4.72, a current ratio of 5.74 and a debt-to-equity ratio of 0.37.

Cohu (NASDAQ:COHU) last announced its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.12. The company had revenue of $149.00 million during the quarter, compared to analysts’ expectations of $144.20 million. Cohu had a negative net margin of 7.43% and a negative return on equity of 1.96%. The business’s quarterly revenue was up 38.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.02 EPS. Analysts forecast that Cohu will post 0.24 earnings per share for the current year.

Insider Activity

In other news, CFO Jeffrey D. Jones sold 13,000 shares of the firm’s stock in a transaction 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 transaction, the chief financial officer 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 sale was disclosed in a legal filing with the SEC, which is available at this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director James A. Donahue sold 10,257 shares of Cohu stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $46.77, for a total transaction of $479,719.89. Following the transaction, the director owned 3,578 shares in the company, valued at $167,343.06. The trade was a 74.14% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 89,668 shares of company stock valued at $4,210,016 over the last quarter. 3.05% of the stock is owned by insiders.

Hedge Funds Weigh In On Cohu

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Stanley Laman Group Ltd. boosted its position in Cohu by 27.8% in the 4th quarter. Stanley Laman Group Ltd. now owns 195,536 shares of the semiconductor company’s stock valued at $4,550,000 after buying an additional 42,593 shares during the last quarter. Assenagon Asset Management S.A. acquired a new stake in shares of Cohu during the first quarter valued at about $705,000. Vanguard Group Inc. increased its position in shares of Cohu by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 4,361,164 shares of the semiconductor company’s stock worth $101,484,000 after acquiring an additional 57,618 shares during the last quarter. Mizuho Markets Americas LLC increased its position in shares of Cohu by 349.3% during the fourth quarter. Mizuho Markets Americas LLC now owns 302,838 shares of the semiconductor company’s stock worth $7,047,000 after acquiring an additional 235,438 shares during the last quarter. Finally, Louisiana State Employees Retirement System acquired a new position in shares of Cohu in the first quarter worth about $634,000. Hedge funds and other institutional investors own 94.67% of the company’s stock.

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.