Cohu (NASDAQ:COHU) Downgraded to Strong Sell Rating by Zacks Research

Cohu (NASDAQ:COHU) was downgraded by stock analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a report released on Thursday,Zacks.com reports.

COHU has been the subject of a number of other research reports. Weiss Ratings restated a “sell (d-)” rating on shares of Cohu in a research note on Wednesday, January 21st. B. Riley Financial lowered their target price on shares of Cohu from $35.00 to $33.00 and set a “buy” rating on the stock in a research note on Friday, February 13th. Stifel Nicolaus raised their price target on shares of Cohu from $30.00 to $32.00 and gave the stock a “buy” rating in a research note on Wednesday, January 14th. TD Cowen lifted their price objective on Cohu from $30.00 to $35.00 and gave the company a “buy” rating in a report on Friday, February 13th. Finally, Needham & Company LLC increased their target price on Cohu from $30.00 to $33.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Four investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average target price of $33.25.

Cohu Trading Up 4.1%

Cohu stock opened at $31.56 on Thursday. The business has a 50 day moving average price of $27.53 and a two-hundred day moving average price of $23.78. The company has a quick ratio of 5.69, a current ratio of 6.88 and a debt-to-equity ratio of 0.36. Cohu has a 12 month low of $12.57 and a 12 month high of $34.96. The stock has a market cap of $1.48 billion, a price-to-earnings ratio of -19.85 and a beta of 1.29.

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

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of the business. Kestra Advisory Services LLC acquired a new stake in Cohu during the 4th quarter valued at $34,000. Farther Finance Advisors LLC increased its stake in shares of 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. Los Angeles Capital Management LLC bought a new position in shares of Cohu in the fourth quarter valued at about $37,000. Bessemer Group Inc. lifted its position in Cohu by 45.4% during the 3rd quarter. Bessemer Group Inc. now owns 1,564 shares of the semiconductor company’s stock worth $31,000 after buying an additional 488 shares in the last quarter. Finally, Hantz Financial Services Inc. grew its holdings in 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 acquiring an additional 715 shares during the last quarter. 94.67% of the stock is owned by institutional investors and hedge funds.

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.