The Goldman Sachs Group Issues Pessimistic Forecast for Cohu (NASDAQ:COHU) Stock Price

Cohu (NASDAQ:COHU) had its price objective trimmed by The Goldman Sachs Group from $26.00 to $23.00 in a research note published on Friday, Benzinga reports. The firm currently has a sell rating on the semiconductor company’s stock.

COHU has been the subject of a number of other research reports. StockNews.com lowered shares of Cohu from a “hold” rating to a “sell” rating in a report on Friday, August 2nd. Needham & Company LLC raised their price target on shares of Cohu from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Friday. Citigroup cut shares of Cohu from a “buy” rating to a “neutral” rating and set a $36.00 price objective on the stock. in a research note on Monday, July 15th. TD Cowen lowered their target price on Cohu from $36.00 to $30.00 and set a “buy” rating for the company in a research report on Friday. Finally, Craig Hallum upgraded Cohu from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Friday. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $31.50.

Cohu Stock Performance

NASDAQ COHU opened at $26.51 on Friday. The firm’s fifty day moving average price is $25.18 and its two-hundred day moving average price is $28.64. The stock has a market cap of $1.24 billion, a PE ratio of -24.55 and a beta of 1.52. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.09 and a current ratio of 6.95. 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 1.00% 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 -0.41 EPS for the current fiscal year.

Insider Buying and Selling

In other news, Director Nina Richardson sold 4,999 shares of the firm’s stock in a transaction that occurred 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 sale, the director now owns 28,313 shares of the company’s stock, valued at $683,475.82. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. Insiders sold 5,399 shares of company stock valued at $130,204 over the last 90 days. Company insiders own 2.70% of the company’s stock.

Institutional Trading of Cohu

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

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.