Cohu, Inc. (NASDAQ:COHU) Receives $31.50 Average PT from Analysts

Cohu, Inc. (NASDAQ:COHU) has earned an average rating of “Moderate Buy” from the six analysts that are presently covering the stock, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among analysts that have covered the stock in the last year is $31.50.

A number of research analysts recently issued reports on COHU shares. Needham & Company LLC raised their price objective on shares of Cohu from $27.00 to $30.00 and gave the company a “buy” rating in a report on Friday, November 1st. TD Cowen dropped their price target on shares of Cohu from $36.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, November 1st. The Goldman Sachs Group reduced their price objective on shares of Cohu from $26.00 to $23.00 and set a “sell” rating on the stock in a research note on Friday, November 1st. Finally, Craig Hallum raised Cohu from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research report on Friday, November 1st.

Insider Transactions at Cohu

In related news, Director Nina Richardson sold 4,999 shares of the company’s stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $24.14, for a total transaction of $120,675.86. Following the sale, the director now owns 28,313 shares in the company, valued at $683,475.82. This represents a 15.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders sold a total of 5,599 shares of company stock worth $135,850 over the last three months. 2.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Cohu

Several institutional investors have recently added to or reduced their stakes in COHU. Comerica Bank increased its stake in shares of Cohu by 48.6% in the 1st quarter. Comerica Bank now owns 32,412 shares of the semiconductor company’s stock valued at $1,080,000 after acquiring an additional 10,597 shares in the last quarter. CWM LLC raised its holdings in shares of Cohu by 158.1% during the second quarter. CWM LLC now owns 1,533 shares of the semiconductor company’s stock valued at $51,000 after purchasing an additional 939 shares during the period. Linden Thomas Advisory Services LLC raised its holdings in shares of Cohu by 1.7% during the second quarter. Linden Thomas Advisory Services LLC now owns 34,091 shares of the semiconductor company’s stock valued at $1,128,000 after purchasing an additional 555 shares during the period. Perkins Coie Trust Co acquired a new stake in shares of Cohu in the 2nd quarter valued at about $132,000. Finally, S. R. Schill & Associates bought a new stake in Cohu in the 2nd quarter valued at about $372,000. 94.67% of the stock is owned by institutional investors and hedge funds.

Cohu Stock Performance

NASDAQ COHU opened at $26.54 on Wednesday. The firm’s fifty day moving average price is $25.95 and its two-hundred day moving average price is $28.08. The stock has a market cap of $1.24 billion, a PE ratio of -24.57 and a beta of 1.51. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.69 and a current ratio of 6.38. Cohu has a fifty-two week low of $22.80 and a fifty-two week high of $36.60.

Cohu (NASDAQ:COHU) last issued its quarterly earnings data 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). The firm had revenue of $95.30 million for the quarter, compared to the consensus estimate of $95.75 million. Cohu had a negative return on equity of 1.01% and a negative net margin of 11.35%. The company’s revenue was down 36.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.27 EPS. On average, equities analysts expect that Cohu will post -0.46 EPS for the current fiscal 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.