Brokerages Set Cohu, Inc. (NASDAQ:COHU) Target Price at $35.00

Shares of Cohu, Inc. (NASDAQ:COHU) have earned a consensus recommendation of “Moderate Buy” from the five research firms that are currently covering the firm, MarketBeat reports. Two analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $35.00.

A number of research firms have commented on COHU. StockNews.com cut shares of Cohu from a “hold” rating to a “sell” rating in a research report on Friday, August 2nd. Needham & Company LLC decreased their target price on shares of Cohu from $37.00 to $33.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Finally, Citigroup cut shares of Cohu from a “buy” rating to a “neutral” rating and set a $36.00 target price on the stock. in a research report on Monday, July 15th.

Insiders Place Their Bets

In other Cohu news, Director Nina Richardson sold 4,999 shares of the business’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $24.14, for a total transaction of $120,675.86. Following the sale, the director now directly owns 28,313 shares in the company, valued at $683,475.82. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold 5,399 shares of company stock worth $130,204 over the last three months. Company insiders own 2.70% of the company’s stock.

Institutional Trading of Cohu

A number of institutional investors and hedge funds have recently bought and sold shares of COHU. Trust Point Inc. purchased a new stake in shares of Cohu during the third quarter worth approximately $552,000. Creative Planning increased its stake in shares of Cohu by 219.4% during the third quarter. Creative Planning now owns 27,237 shares of the semiconductor company’s stock worth $700,000 after buying an additional 18,709 shares during the period. Inspire Investing LLC increased its stake in shares of Cohu by 49.4% during the third quarter. Inspire Investing LLC now owns 15,974 shares of the semiconductor company’s stock worth $411,000 after buying an additional 5,281 shares during the period. SG Americas Securities LLC increased its stake in shares of Cohu by 677.0% during the third quarter. SG Americas Securities LLC now owns 39,031 shares of the semiconductor company’s stock worth $1,003,000 after buying an additional 34,008 shares during the period. Finally, Sanctuary Advisors LLC purchased a new stake in shares of Cohu during the second quarter worth approximately $357,000. 94.67% of the stock is currently owned by hedge funds and other institutional investors.

Cohu Trading Down 0.6 %

Shares of COHU stock opened at $25.18 on Tuesday. The company’s 50-day moving average price is $25.20 and its 200-day moving average price is $29.05. The company has a current ratio of 6.95, a quick ratio of 5.09 and a debt-to-equity ratio of 0.01. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of -503.60 and a beta of 1.53. Cohu has a twelve month low of $22.80 and a twelve month high of $36.60.

Cohu (NASDAQ:COHU) last announced its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported ($0.12) earnings per share for the quarter, missing the consensus estimate of ($0.09) by ($0.03). The firm had revenue of $104.70 million for the quarter, compared to analyst estimates of $105.00 million. Cohu had a negative net margin of 5.70% and a positive return on equity of 1.27%. As a group, equities analysts predict that Cohu will post -0.41 earnings per share for the current year.

Cohu Company Profile

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.