Cohu, Inc. (NASDAQ:COHU) Receives Consensus Rating of “Moderate Buy” from Analysts

Cohu, Inc. (NASDAQ:COHU) has been given a consensus rating of “Moderate Buy” by the five brokerages that are currently covering the firm, Marketbeat reports. Two equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $35.00.

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

Cohu Stock Up 4.4 %

NASDAQ:COHU opened at $25.63 on Friday. The company has a current ratio of 6.95, a quick ratio of 5.09 and a debt-to-equity ratio of 0.01. Cohu has a twelve month low of $22.80 and a twelve month high of $36.60. The company has a market cap of $1.21 billion, a PE ratio of -512.60 and a beta of 1.53. The company’s 50 day moving average is $27.65 and its two-hundred day moving average is $30.11.

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

Institutional Trading of Cohu

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. grew its holdings in Cohu by 8.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 502,566 shares of the semiconductor company’s stock valued at $17,786,000 after purchasing an additional 39,446 shares during the period. Quest Partners LLC acquired a new stake in Cohu in the 4th quarter valued at $640,000. Franklin Resources Inc. grew its stake in Cohu by 8.4% in the 4th quarter. Franklin Resources Inc. now owns 2,782,650 shares of the semiconductor company’s stock valued at $98,478,000 after acquiring an additional 215,153 shares during the period. TFO Wealth Partners LLC increased its holdings in Cohu by 10,587.5% in the 4th quarter. TFO Wealth Partners LLC now owns 855 shares of the semiconductor company’s stock worth $283,000 after acquiring an additional 847 shares in the last quarter. Finally, Keeley Teton Advisors LLC raised its position in Cohu by 9.4% during the fourth quarter. Keeley Teton Advisors LLC now owns 31,501 shares of the semiconductor company’s stock worth $1,115,000 after acquiring an additional 2,701 shares during the period. Institutional investors and hedge funds own 94.67% of the company’s stock.

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.