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

Shares of Cohu, Inc. (NASDAQ:COHU) have been given an average rating of “Moderate Buy” by the six analysts that are currently covering the firm, MarketBeat Ratings reports. One investment 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 12-month price target among analysts that have issued a report on the stock in the last year is $31.50.

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

Insider Activity

In related news, Director Nina Richardson sold 4,999 shares of the company’s stock in a transaction on Thursday, October 10th. The stock was 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 directly 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 SEC, which is available through this link. Over the last ninety days, insiders have sold 5,599 shares of company stock worth $136,724. Corporate insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On Cohu

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Signaturefd LLC lifted its position in shares of Cohu by 1,256.3% during the second quarter. Signaturefd LLC now owns 868 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 804 shares during the last quarter. First Horizon Advisors Inc. lifted its position in Cohu by 49.2% during the third quarter. First Horizon Advisors Inc. now owns 1,622 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 535 shares during the last quarter. US Bancorp DE boosted its stake in Cohu by 59.7% in the third quarter. US Bancorp DE now owns 8,823 shares of the semiconductor company’s stock valued at $227,000 after acquiring an additional 3,297 shares in the last quarter. GSA Capital Partners LLP grew its holdings in Cohu by 34.3% in the third quarter. GSA Capital Partners LLP now owns 9,922 shares of the semiconductor company’s stock worth $255,000 after purchasing an additional 2,532 shares during the last quarter. Finally, Meros Investment Management LP acquired a new position in shares of Cohu during the third quarter worth $257,000. Hedge funds and other institutional investors own 94.67% of the company’s stock.

Cohu Price Performance

COHU stock opened at $26.83 on Friday. The company has a current ratio of 6.38, a quick ratio of 4.69 and a debt-to-equity ratio of 0.01. Cohu has a 12 month low of $22.80 and a 12 month high of $36.60. The stock has a market cap of $1.25 billion, a PE ratio of -24.84 and a beta of 1.51. The company has a 50-day moving average price of $26.49 and a 200 day moving average price of $27.61.

Cohu (NASDAQ:COHU) last issued its quarterly earnings results on Thursday, October 31st. The semiconductor company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.02). Cohu had a negative return on equity of 1.01% and a negative net margin of 11.35%. The business had revenue of $95.30 million during the quarter, compared to analysts’ expectations of $95.75 million. During the same quarter in the previous year, the company posted $0.27 earnings per share. The company’s quarterly revenue was down 36.8% compared to the same quarter last year. Equities research analysts anticipate that Cohu will post -0.46 earnings per share for the current 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.