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

Shares of Cohu, Inc. (NASDAQ:COHU) have earned a consensus recommendation of “Hold” from the six brokerages that are presently covering the stock, MarketBeat reports. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and three have issued a buy rating on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $31.50.

Several brokerages have issued reports on COHU. The Goldman Sachs Group lowered their price objective on shares of Cohu from $26.00 to $23.00 and set a “sell” rating on the stock in a research report on Friday, November 1st. Craig Hallum raised Cohu from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Friday, November 1st. TD Cowen reduced their price objective on Cohu from $36.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Finally, Needham & Company LLC cut Cohu from a “buy” rating to a “hold” rating in a research report on Monday, January 13th.

Institutional Trading of Cohu

Institutional investors have recently modified their holdings of the business. International Assets Investment Management LLC acquired a new stake in Cohu in the third quarter valued at $528,000. Charles Schwab Investment Management Inc. lifted its stake in shares of Cohu by 10.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 624,274 shares of the semiconductor company’s stock valued at $16,044,000 after purchasing an additional 59,806 shares during the period. Creative Planning lifted its stake in shares of Cohu by 219.4% in the third quarter. Creative Planning now owns 27,237 shares of the semiconductor company’s stock valued at $700,000 after purchasing an additional 18,709 shares during the period. Assenagon Asset Management S.A. boosted its holdings in Cohu by 286.1% during the third quarter. Assenagon Asset Management S.A. now owns 107,817 shares of the semiconductor company’s stock worth $2,771,000 after buying an additional 79,890 shares in the last quarter. Finally, Victory Capital Management Inc. grew its position in Cohu by 7.1% during the third quarter. Victory Capital Management Inc. now owns 3,358,288 shares of the semiconductor company’s stock worth $86,308,000 after buying an additional 224,022 shares during the period. 94.67% of the stock is currently owned by hedge funds and other institutional investors.

Cohu Trading Down 1.4 %

COHU opened at $24.53 on Thursday. The business’s 50-day simple moving average is $26.16 and its 200-day simple moving average is $26.73. The company has a market cap of $1.14 billion, a P/E ratio of -22.71 and a beta of 1.47. Cohu has a one year low of $22.80 and a one year 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.

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