Needham & Company LLC Reaffirms “Hold” Rating for Cohu (NASDAQ:COHU)

Cohu (NASDAQ:COHU)‘s stock had its “hold” rating reaffirmed by stock analysts at Needham & Company LLC in a research note issued on Friday,Benzinga reports.

A number of other equities research analysts also recently weighed in on the stock. 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. TD Cowen lowered their target price on shares of Cohu from $36.00 to $30.00 and set a “buy” rating for the company in a report on Friday, November 1st. Finally, The Goldman Sachs Group cut 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. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $30.57.

Cohu Stock Down 1.6 %

NASDAQ COHU opened at $21.12 on Friday. The stock has a market capitalization of $984.40 million, a P/E ratio of -19.56 and a beta of 1.45. Cohu has a 52 week low of $19.52 and a 52 week high of $36.60. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.69 and a current ratio of 6.38. The stock has a fifty day moving average of $24.87 and a 200-day moving average of $25.43.

Cohu (NASDAQ:COHU) last announced its quarterly earnings data on Thursday, February 20th. The semiconductor company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). Cohu had a negative return on equity of 1.01% and a negative net margin of 11.35%. On average, equities research analysts forecast that Cohu will post -0.51 EPS for the current year.

Institutional Investors Weigh In On Cohu

Several hedge funds have recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Cohu by 1,225.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,392 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 1,287 shares during the period. Sterling Capital Management LLC lifted its holdings in Cohu by 826.9% during the fourth quarter. Sterling Capital Management LLC now owns 1,483 shares of the semiconductor company’s stock worth $40,000 after acquiring an additional 1,323 shares in the last quarter. First Horizon Advisors Inc. grew its stake in Cohu by 49.2% in 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 period. Smartleaf Asset Management LLC increased its holdings in shares of Cohu by 413.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,740 shares of the semiconductor company’s stock worth $46,000 after acquiring an additional 1,401 shares in the last quarter. Finally, KBC Group NV raised its position in shares of Cohu by 75.7% during the fourth quarter. KBC Group NV now owns 2,627 shares of the semiconductor company’s stock worth $70,000 after purchasing an additional 1,132 shares during the period. 94.67% of the stock is currently owned by institutional investors and hedge funds.

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.