Stifel Nicolaus Issues Pessimistic Forecast for Cohu (NASDAQ:COHU) Stock Price

Cohu (NASDAQ:COHU) had its price target decreased by stock analysts at Stifel Nicolaus from $40.00 to $35.00 in a report issued on Friday,Benzinga reports. The firm currently has a “buy” rating on the semiconductor company’s stock. Stifel Nicolaus’ price target indicates a potential upside of 65.72% from the stock’s current price.

A number of other brokerages also recently commented on COHU. The Goldman Sachs Group lowered their price objective on Cohu from $26.00 to $23.00 and set a “sell” rating for the company in a research note on Friday, November 1st. Craig Hallum raised shares of Cohu from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a report on Friday, November 1st. Needham & Company LLC reiterated a “hold” rating on shares of Cohu in a research report on Friday. Finally, TD Cowen decreased their target price on shares of Cohu from $36.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $30.57.

Cohu Trading Down 1.6 %

NASDAQ COHU opened at $21.12 on Friday. The firm has a market capitalization of $984.40 million, a PE ratio of -19.56 and a beta of 1.45. Cohu has a one year low of $19.52 and a one year high of $36.60. The company has a 50-day simple moving average of $24.87 and a 200-day simple moving average of $25.43. 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, 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 net margin of 11.35% and a negative return on equity of 1.01%. On average, equities analysts forecast that Cohu will post -0.51 earnings per share for the current year.

Hedge Funds Weigh In On Cohu

A number of institutional investors and hedge funds have recently bought and sold shares of COHU. Tower Research Capital LLC TRC lifted its stake in shares of Cohu by 14.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,842 shares of the semiconductor company’s stock worth $103,000 after acquiring an additional 486 shares during the period. First Horizon Advisors Inc. raised its holdings 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 in the last quarter. KBC Group NV lifted its position in Cohu by 75.7% in 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. Orion Portfolio Solutions LLC boosted its stake in Cohu by 3.2% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 36,725 shares of the semiconductor company’s stock valued at $944,000 after purchasing an additional 1,141 shares in the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. increased 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 purchasing an additional 1,287 shares during the period. 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.