Cohu (NASDAQ:COHU) Share Price Crosses Above 200-Day Moving Average of $32.11

Cohu, Inc. (NASDAQ:COHU) shares crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $32.11 and traded as high as $33.17. Cohu shares last traded at $32.39, with a volume of 251,541 shares traded.

Analyst Upgrades and Downgrades

Several research firms recently commented on COHU. Craig Hallum decreased their price target on shares of Cohu from $35.00 to $30.00 and set a “hold” rating on the stock in a research note on Friday, May 3rd. TD Cowen dropped their price target on shares of Cohu from $40.00 to $36.00 and set a “buy” rating for the company in a research report on Friday, May 3rd. Citigroup reduced their price target on Cohu from $40.00 to $36.00 and set a “buy” rating on the stock in a research report on Monday, May 6th. Needham & Company LLC dropped their price objective on Cohu from $36.00 to $34.00 and set a “buy” rating for the company in a report on Monday, May 6th. Finally, B. Riley reduced their target price on Cohu from $45.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, May 3rd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $37.33.

Cohu Stock Down 2.1 %

The company has a quick ratio of 4.63, a current ratio of 6.29 and a debt-to-equity ratio of 0.01. The firm has a 50 day moving average of $31.03 and a two-hundred day moving average of $32.11. The firm has a market capitalization of $1.53 billion, a price-to-earnings ratio of -647.80 and a beta of 1.58.

Cohu (NASDAQ:COHU) last posted its quarterly earnings results on Thursday, May 2nd. The semiconductor company reported ($0.06) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. The company had revenue of $107.61 million for the quarter, compared to the consensus estimate of $107.00 million. Cohu had a negative net margin of 0.38% and a positive return on equity of 3.91%. As a group, sell-side analysts anticipate that Cohu, Inc. will post -0.07 EPS for the current fiscal year.

Insider Buying and Selling

In other Cohu news, SVP Christopher Bohrson sold 2,000 shares of the stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $30.00, for a total value of $60,000.00. Following the completion of the transaction, the senior vice president now directly owns 130,339 shares in the company, valued at $3,910,170. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Thomas D. Kampfer sold 3,000 shares of the firm’s stock in a transaction on Wednesday, May 15th. The stock was sold at an average price of $29.43, for a total transaction of $88,290.00. Following the completion of the transaction, the vice president now directly owns 51,442 shares of the company’s stock, valued at approximately $1,513,938.06. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Christopher Bohrson sold 2,000 shares of Cohu stock in a transaction dated Wednesday, May 22nd. The stock was sold at an average price of $30.00, for a total value of $60,000.00. Following the transaction, the senior vice president now directly owns 130,339 shares in the company, valued at $3,910,170. The disclosure for this sale can be found here. Insiders have sold 10,091 shares of company stock worth $298,755 in the last 90 days. Insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On Cohu

Hedge funds have recently made changes to their positions in the stock. Texas Permanent School Fund Corp boosted its holdings in Cohu by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 41,576 shares of the semiconductor company’s stock valued at $1,386,000 after acquiring an additional 539 shares during the last quarter. ProShare Advisors LLC boosted its stake in shares of Cohu by 7.4% in the 1st quarter. ProShare Advisors LLC now owns 9,433 shares of the semiconductor company’s stock valued at $314,000 after purchasing an additional 649 shares during the last quarter. TFO Wealth Partners LLC increased its position in shares of Cohu by 10,587.5% during the fourth quarter. TFO Wealth Partners LLC now owns 855 shares of the semiconductor company’s stock worth $283,000 after buying an additional 847 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its stake in Cohu by 4.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,314 shares of the semiconductor company’s stock worth $754,000 after buying an additional 865 shares during the last quarter. Finally, Meeder Asset Management Inc. bought a new stake in Cohu during the fourth quarter valued at $35,000. 94.67% of the stock is currently 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.