Cohu, Inc. (NASDAQ:COHU) Receives Average Recommendation of “Hold” from Analysts

Cohu, Inc. (NASDAQ:COHU) has earned a consensus rating of “Hold” from the seven brokerages that are presently covering the company, MarketBeat.com reports. One 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 twelve-month price target among brokers that have updated their coverage on the stock in the last year is $30.57.

COHU has been the subject of several recent research reports. Stifel Nicolaus decreased their target price on shares of Cohu from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Friday, February 14th. B. Riley lowered their price objective on Cohu from $34.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Finally, Needham & Company LLC restated a “hold” rating on shares of Cohu in a report on Tuesday, February 25th.

Hedge Funds Weigh In On Cohu

Several large investors have recently made changes to their positions in the business. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in 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 worth $37,000 after buying an additional 1,287 shares during the period. Sterling Capital Management LLC grew its stake in shares of Cohu by 826.9% in 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 during the last quarter. First Horizon Advisors Inc. increased 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 acquiring an additional 535 shares during the period. Smartleaf Asset Management LLC raised its stake in Cohu by 413.3% during the 4th 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 last quarter. Finally, KBC Group NV raised its stake in 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 purchasing an additional 1,132 shares during the last quarter. Institutional investors and hedge funds own 94.67% of the company’s stock.

Cohu Price Performance

COHU opened at $16.53 on Friday. The stock has a fifty day moving average price of $22.09 and a 200 day moving average price of $24.55. 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 1 year low of $15.61 and a 1 year high of $36.60. The stock has a market cap of $772.12 million, a price-to-earnings ratio of -11.02 and a beta of 1.50.

Cohu (NASDAQ:COHU) last announced its quarterly earnings results on Thursday, February 20th. The semiconductor company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.18). Cohu had a negative net margin of 17.38% and a negative return on equity of 3.18%. Analysts forecast that Cohu will post -0.36 EPS 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.