Cohu (NASDAQ:COHU) Stock Rating Upgraded by Craig Hallum

Craig Hallum upgraded shares of Cohu (NASDAQ:COHU) from a hold rating to a buy rating in a report issued on Friday, MarketBeat Ratings reports. They currently have $30.00 target price on the semiconductor company’s stock.

Several other analysts have also recently commented on the stock. StockNews.com cut shares of Cohu from a “hold” rating to a “sell” rating in a research note on Friday, August 2nd. Needham & Company LLC dropped their price objective on Cohu from $37.00 to $33.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. Finally, Citigroup cut Cohu from a “buy” rating to a “neutral” rating and set a $36.00 price objective for the company. in a report on Monday, July 15th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $31.50.

Cohu Trading Down 3.1 %

COHU opened at $26.51 on Friday. The company has a quick ratio of 5.09, a current ratio of 6.95 and a debt-to-equity ratio of 0.01. Cohu has a 52 week low of $22.80 and a 52 week high of $36.60. The business’s 50 day moving average is $25.18 and its two-hundred day moving average is $28.64. The firm has a market cap of $1.24 billion, a price-to-earnings ratio of -24.55 and a beta of 1.52.

Cohu (NASDAQ:COHU) last posted its quarterly earnings data on Thursday, October 31st. The semiconductor company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.02). The company had revenue of $95.30 million for the quarter, compared to analyst estimates of $95.75 million. Cohu had a negative return on equity of 1.00% and a negative net margin of 11.35%. The firm’s revenue was down 36.8% compared to the same quarter last year. During the same period in the previous year, the business posted $0.27 earnings per share. On average, research analysts predict that Cohu will post -0.41 EPS for the current year.

Insider Buying and Selling at Cohu

In related news, Director Nina Richardson sold 4,999 shares of the firm’s stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $24.14, for a total value of $120,675.86. Following the sale, the director now directly owns 28,313 shares of the company’s stock, valued at approximately $683,475.82. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In the last three months, insiders sold 5,399 shares of company stock worth $130,204. Insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On Cohu

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Signaturefd LLC grew 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 worth $29,000 after buying an additional 804 shares in the last quarter. First Horizon Advisors Inc. grew its stake in Cohu by 558.8% in the second quarter. First Horizon Advisors Inc. now owns 1,087 shares of the semiconductor company’s stock worth $36,000 after purchasing an additional 922 shares in the last quarter. CWM LLC increased its holdings in Cohu by 158.1% in the second quarter. CWM LLC now owns 1,533 shares of the semiconductor company’s stock valued at $51,000 after buying an additional 939 shares during the last quarter. 1620 Investment Advisors Inc. acquired a new stake in Cohu during the second quarter valued at approximately $97,000. Finally, Perkins Coie Trust Co bought a new position in Cohu during the 2nd quarter worth approximately $132,000. Hedge funds and other institutional investors own 94.67% of the company’s stock.

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.