Cohu (NASDAQ:COHU) Price Target Raised to $30.00

Cohu (NASDAQ:COHU) had its price target boosted by research analysts at Needham & Company LLC from $27.00 to $30.00 in a research report issued to clients and investors on Friday, Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Needham & Company LLC’s price objective would indicate a potential upside of 9.69% from the company’s current price.

COHU has been the subject of a number of other research reports. Craig Hallum upgraded Cohu from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Friday. Citigroup downgraded shares of Cohu from a “buy” rating to a “neutral” rating and set a $36.00 price target for the company. in a research report on Monday, July 15th. Finally, StockNews.com downgraded shares of Cohu from a “hold” rating to a “sell” rating in a research report on Friday, August 2nd. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $31.50.

Cohu Trading Up 9.8 %

NASDAQ COHU opened at $27.35 on Friday. The firm’s fifty day moving average price is $25.18 and its 200 day moving average price is $28.66. Cohu has a 12 month low of $22.80 and a 12 month high of $36.60. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.95 and a quick ratio of 5.09. The company has a market capitalization of $1.28 billion, a price-to-earnings ratio of -25.32 and a beta of 1.52.

Cohu (NASDAQ:COHU) last issued its quarterly earnings data on Thursday, October 31st. The semiconductor company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.02). Cohu had a positive return on equity of 1.27% and a negative net margin of 5.70%. The firm had revenue of $95.30 million for the quarter, compared to analysts’ expectations of $95.75 million. During the same period in the previous year, the business posted $0.27 EPS. The business’s revenue for the quarter was down 36.8% compared to the same quarter last year. On average, sell-side analysts expect that Cohu will post -0.41 earnings per share for the current fiscal year.

Insider Activity at Cohu

In other Cohu news, Director Nina Richardson sold 4,999 shares of the company’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $24.14, for a total transaction of $120,675.86. Following the completion of the transaction, the director now owns 28,313 shares in the company, valued at approximately $683,475.82. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders have sold a total of 5,399 shares of company stock worth $130,204 in the last three months. Insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On Cohu

Several institutional investors and hedge funds have recently added to or reduced their stakes in COHU. Signaturefd LLC lifted its holdings in shares of Cohu by 1,256.3% in the 2nd quarter. Signaturefd LLC now owns 868 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 804 shares during the period. First Horizon Advisors Inc. grew its position in Cohu by 558.8% during the second quarter. First Horizon Advisors Inc. now owns 1,087 shares of the semiconductor company’s stock worth $36,000 after buying an additional 922 shares during the period. CWM LLC increased its holdings in Cohu by 158.1% in the second quarter. CWM LLC now owns 1,533 shares of the semiconductor company’s stock valued at $51,000 after buying an additional 939 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new stake in shares of Cohu during the 2nd quarter valued at approximately $97,000. Finally, Perkins Coie Trust Co acquired a new stake in shares of Cohu during the 2nd quarter valued at approximately $132,000. Institutional investors and hedge funds own 94.67% of the company’s stock.

About Cohu

Cohu, Inc, through its subsidiaries, provides semiconductor test equipment and services in China, the United States, Taiwan, Malaysia, the Philippines, and internationally. The company supplies semiconductor test and inspection handlers, micro-electromechanical system (MEMS) test modules, test contactors, thermal sub-systems, and semiconductor automated test equipment for semiconductor manufacturers and test subcontractors.