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

Shares of Cohu, Inc. (NASDAQ:COHU) have been assigned a consensus rating of “Hold” from the seven ratings firms that are presently covering the stock, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have issued a buy recommendation on the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $30.57.

COHU has been the subject of several recent analyst reports. TD Cowen reduced their target price on shares of Cohu from $36.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, November 1st. The Goldman Sachs Group reduced their price objective on shares of Cohu from $26.00 to $23.00 and set a “sell” rating for the company in a research report on Friday, November 1st. Stifel Nicolaus dropped their target price on shares of Cohu from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Friday. B. Riley reduced their target price on Cohu from $34.00 to $30.00 and set a “buy” rating for the company in a report on Friday. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Cohu in a report on Friday.

Cohu Trading Down 1.6 %

COHU opened at $21.12 on Monday. Cohu has a fifty-two week low of $19.52 and a fifty-two week high of $36.60. The firm has a market capitalization of $984.49 million, a PE ratio of -19.56 and a beta of 1.45. 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 company’s 50-day moving average is $24.87 and its 200 day moving average is $25.38.

Cohu (NASDAQ:COHU) last issued its quarterly earnings data on Thursday, February 20th. The semiconductor company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.18). Cohu had a negative return on equity of 1.01% and a negative net margin of 11.35%. As a group, research analysts predict that Cohu will post -0.51 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cohu

Institutional investors and hedge funds have recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Cohu by 1,225.7% during 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 last quarter. 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 valued at $40,000 after purchasing an additional 1,323 shares during the last quarter. First Horizon Advisors Inc. boosted 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 worth $42,000 after purchasing an additional 535 shares during the period. Smartleaf Asset Management LLC raised its position 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 valued at $46,000 after purchasing an additional 1,401 shares during the period. Finally, KBC Group NV lifted its stake in shares of Cohu by 75.7% during the 4th quarter. KBC Group NV now owns 2,627 shares of the semiconductor company’s stock valued at $70,000 after buying an additional 1,132 shares in the last quarter. 94.67% of the stock is owned by institutional investors.

About Cohu

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.