Cohu, Inc. (NASDAQ:COHU) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Cohu, Inc. (NASDAQ:COHU) has received a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $31.50.

Several equities analysts have recently issued reports on the company. Needham & Company LLC lifted their price target on Cohu from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, November 1st. The Goldman Sachs Group decreased their price target on Cohu from $26.00 to $23.00 and set a “sell” rating on the stock in a research note on Friday, November 1st. Craig Hallum upgraded Cohu from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research report on Friday, November 1st. Finally, TD Cowen reduced their price objective on Cohu from $36.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, November 1st.

Insider Buying and Selling

In other Cohu 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 value of $120,675.86. Following the sale, the director now owns 28,313 shares in the company, valued at approximately $683,475.82. The trade was a 15.01 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Insiders have sold 5,599 shares of company stock worth $135,850 in the last 90 days. Insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On Cohu

Institutional investors have recently made changes to their positions in the stock. Signaturefd LLC lifted its stake in shares of Cohu by 1,256.3% in the 2nd quarter. Signaturefd LLC now owns 868 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 804 shares during the period. First Horizon Advisors Inc. lifted its stake 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 valued at $36,000 after purchasing an additional 922 shares during the period. CWM LLC lifted its stake in shares of 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 position in shares of Cohu in the 2nd quarter valued at about $97,000. Finally, Perkins Coie Trust Co acquired a new position in shares of Cohu in the 2nd quarter valued at about $132,000. Institutional investors own 94.67% of the company’s stock.

Cohu Price Performance

Shares of NASDAQ COHU opened at $27.05 on Wednesday. The stock has a market capitalization of $1.26 billion, a PE ratio of -25.05 and a beta of 1.51. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.38 and a quick ratio of 4.69. The business has a fifty day moving average price of $25.81 and a two-hundred day moving average price of $28.17. 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 results on Thursday, October 31st. The semiconductor company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.02). Cohu had a negative net margin of 11.35% and a negative return on equity of 1.01%. The business had revenue of $95.30 million during the quarter, compared to the consensus estimate of $95.75 million. During the same quarter in the previous year, the business posted $0.27 EPS. The company’s revenue for the quarter was down 36.8% on a year-over-year basis. As a group, equities analysts predict that Cohu will post -0.46 earnings per share for the current fiscal year.

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.