Cohu, Inc. (NASDAQ:COHU) Receives $31.50 Average Price Target from Brokerages

Cohu, Inc. (NASDAQ:COHU) has been assigned an average recommendation of “Hold” from the six research firms that are currently covering the company, MarketBeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $31.50.

A number of analysts recently commented on the company. Needham & Company LLC lowered Cohu from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. Craig Hallum upgraded Cohu from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Friday, November 1st. TD Cowen cut their target price on Cohu from $36.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Finally, The Goldman Sachs Group decreased their price target on shares of Cohu from $26.00 to $23.00 and set a “sell” rating for the company in a research note on Friday, November 1st.

Institutional Investors Weigh In On Cohu

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. First Horizon Advisors Inc. increased its position in shares of Cohu by 49.2% in the third quarter. First Horizon Advisors Inc. now owns 1,622 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 535 shares during the period. KBC Group NV increased its holdings in Cohu by 75.7% during the 4th quarter. KBC Group NV now owns 2,627 shares of the semiconductor company’s stock valued at $70,000 after purchasing an additional 1,132 shares during the period. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors bought a new position in Cohu during the 4th quarter valued at approximately $120,000. Sheets Smith Wealth Management purchased a new stake in Cohu in the 4th quarter worth approximately $205,000. Finally, US Bancorp DE grew its position in shares of Cohu by 59.7% in the 3rd quarter. US Bancorp DE now owns 8,823 shares of the semiconductor company’s stock worth $227,000 after buying an additional 3,297 shares during the last quarter. 94.67% of the stock is currently owned by institutional investors.

Cohu Price Performance

Cohu stock opened at $22.47 on Thursday. The stock’s 50 day moving average is $25.93 and its 200 day moving average is $26.31. Cohu has a one year low of $21.60 and a one year high of $36.60. The firm has a market cap of $1.05 billion, a P/E ratio of -20.81 and a beta of 1.47. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.38 and a quick ratio of 4.69.

Cohu (NASDAQ:COHU) last issued its quarterly earnings results on Thursday, October 31st. The semiconductor company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.02). Cohu had a negative return on equity of 1.01% and a negative net margin of 11.35%. The business had revenue of $95.30 million for the quarter, compared to analyst estimates of $95.75 million. During the same quarter in the previous year, the business posted $0.27 earnings per share. The business’s revenue was down 36.8% on a year-over-year basis. As a group, research analysts expect that Cohu will post -0.46 EPS for the current year.

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.