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

Shares of Cohu, Inc. (NASDAQ:COHU) have been assigned a consensus recommendation of “Buy” from the four ratings firms that are covering the stock, MarketBeat.com reports. Four research analysts have rated the stock with a buy recommendation. The average 1-year target price among brokerages that have issued ratings on the stock in the last year is $43.50.

A number of research firms have weighed in on COHU. Needham & Company LLC reaffirmed a “buy” rating and set a $36.00 price target on shares of Cohu in a research report on Friday, February 16th. TD Cowen increased their target price on shares of Cohu from $38.00 to $40.00 and gave the stock an “outperform” rating in a report on Friday, February 16th.

Cohu Price Performance

COHU opened at $31.07 on Tuesday. The company has a debt-to-equity ratio of 0.04, a current ratio of 6.18 and a quick ratio of 4.67. The stock has a market capitalization of $1.46 billion, a P/E ratio of 52.66 and a beta of 1.52. The company’s 50 day simple moving average is $31.49 and its 200-day simple moving average is $32.53. Cohu has a one year low of $28.57 and a one year high of $43.99.

Cohu (NASDAQ:COHU) last released its earnings results on Thursday, February 15th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. The firm had revenue of $137.23 million during the quarter, compared to analysts’ expectations of $136.94 million. Cohu had a return on equity of 6.73% and a net margin of 4.42%. The company’s revenue was down 28.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.63 EPS. Sell-side analysts anticipate that Cohu will post 0.22 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cohu

Several hedge funds and other institutional investors have recently made changes to their positions in COHU. Assenagon Asset Management S.A. raised its position in Cohu by 36.5% during the first quarter. Assenagon Asset Management S.A. now owns 68,307 shares of the semiconductor company’s stock worth $2,277,000 after acquiring an additional 18,283 shares in the last quarter. Vanguard Group Inc. raised its holdings in shares of Cohu by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 4,165,622 shares of the semiconductor company’s stock valued at $147,421,000 after purchasing an additional 59,716 shares during the period. Keeley Teton Advisors LLC grew its holdings in Cohu by 9.4% during the fourth quarter. Keeley Teton Advisors LLC now owns 31,501 shares of the semiconductor company’s stock worth $1,115,000 after purchasing an additional 2,701 shares during the period. TFO Wealth Partners LLC grew its holdings in Cohu by 10,587.5% during the fourth quarter. TFO Wealth Partners LLC now owns 855 shares of the semiconductor company’s stock worth $283,000 after purchasing an additional 847 shares during the period. Finally, Franklin Resources Inc. increased its position in Cohu by 8.4% during the fourth quarter. Franklin Resources Inc. now owns 2,782,650 shares of the semiconductor company’s stock worth $98,478,000 after buying an additional 215,153 shares during the last quarter. 94.67% of the stock is owned by institutional investors.

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.