Cohu, Inc. (NASDAQ:COHU) Given Average Rating of “Hold” by Brokerages

Cohu, Inc. (NASDAQ:COHU) has been assigned a consensus rating of “Hold” from the six research firms that are currently covering the stock, MarketBeat.com reports. Two investment analysts have rated the stock with a sell rating and four have issued a buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $33.25.

A number of research firms have weighed in on COHU. Zacks Research cut shares of Cohu from a “hold” rating to a “strong sell” rating in a report on Thursday, February 19th. B. Riley Financial dropped their target price on shares of Cohu from $35.00 to $33.00 and set a “buy” rating on the stock in a research report on Friday, February 13th. Stifel Nicolaus lifted 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. Weiss Ratings reissued a “sell (d-)” rating on shares of Cohu in a research report on Wednesday, January 21st. Finally, TD Cowen upped their price objective on shares of Cohu from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Friday, February 13th.

Institutional Trading of Cohu

A number of large investors have recently made changes to their positions in COHU. Tudor Investment Corp ET AL purchased a new stake in Cohu in the 3rd quarter valued at $243,960,000. Vanguard Group Inc. grew its position in Cohu by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 4,361,164 shares of the semiconductor company’s stock worth $101,484,000 after purchasing an additional 57,618 shares during the last quarter. Royce & Associates LP grew its position in Cohu by 0.4% during the 4th quarter. Royce & Associates LP now owns 1,918,424 shares of the semiconductor company’s stock worth $44,642,000 after purchasing an additional 7,927 shares during the last quarter. State Street Corp increased its stake in Cohu by 0.3% in the fourth quarter. State Street Corp now owns 1,819,530 shares of the semiconductor company’s stock valued at $42,340,000 after purchasing an additional 5,439 shares during the period. Finally, Tributary Capital Management LLC increased its stake in Cohu by 131.5% in the third quarter. Tributary Capital Management LLC now owns 1,520,386 shares of the semiconductor company’s stock valued at $30,909,000 after purchasing an additional 863,654 shares during the period. 94.67% of the stock is owned by institutional investors and hedge funds.

Cohu Stock Performance

Shares of COHU stock opened at $27.66 on Monday. The company has a current ratio of 6.88, a quick ratio of 5.69 and a debt-to-equity ratio of 0.36. The firm has a fifty day moving average price of $28.84 and a 200 day moving average price of $24.56. The company has a market cap of $1.30 billion, a P/E ratio of -17.40 and a beta of 1.27. Cohu has a 12 month low of $12.57 and a 12 month high of $34.96.

Cohu (NASDAQ:COHU) last posted 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). The business had revenue of $122.23 million during the quarter, compared to analyst estimates of $122.09 million. Cohu had a negative net margin of 16.40% and a negative return on equity of 3.76%. The firm’s quarterly revenue was up 29.9% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.15) earnings per share. Sell-side analysts predict that Cohu will post -0.36 earnings per share for the current fiscal 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.