Cohu, Inc. (NASDAQ:COHU) Given Average Recommendation of “Moderate Buy” by Brokerages

Cohu, Inc. (NASDAQ:COHU) has been given a consensus rating of “Moderate Buy” by the six ratings firms that are covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $37.33.

A number of research analysts have weighed in on COHU shares. TD Cowen cut their price objective on shares of Cohu from $40.00 to $36.00 and set a “buy” rating for the company in a report on Friday, May 3rd. B. Riley dropped their price target on Cohu from $45.00 to $40.00 and set a “buy” rating for the company in a research report on Friday, May 3rd. Needham & Company LLC cut their price objective on shares of Cohu from $36.00 to $34.00 and set a “buy” rating for the company in a report on Monday, May 6th. Craig Hallum reduced their price target on Cohu from $35.00 to $30.00 and set a “hold” rating on the stock in a report on Friday, May 3rd. Finally, Citigroup decreased their price objective on Cohu from $40.00 to $36.00 and set a “buy” rating on the stock in a report on Monday, May 6th.

Cohu Stock Up 2.0 %

COHU stock opened at $31.66 on Friday. The company has a market capitalization of $1.49 billion, a P/E ratio of -633.20 and a beta of 1.54. Cohu has a 12 month low of $28.57 and a 12 month high of $43.99. The firm’s fifty day simple moving average is $30.71 and its 200-day simple moving average is $32.21. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.29 and a quick ratio of 4.63.

Cohu (NASDAQ:COHU) last announced its quarterly earnings results on Thursday, May 2nd. The semiconductor company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.07) by $0.01. The company had revenue of $107.61 million for the quarter, compared to the consensus estimate of $107.00 million. Cohu had a positive return on equity of 3.91% and a negative net margin of 0.38%. As a group, equities research analysts forecast that Cohu will post -0.07 earnings per share for the current year.

Insider Transactions at Cohu

In related news, SVP Christopher Bohrson sold 2,000 shares of Cohu stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $30.00, for a total value of $60,000.00. Following the completion of the transaction, the senior vice president now owns 130,339 shares in the company, valued at $3,910,170. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, VP Thomas D. Kampfer sold 3,000 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $29.43, for a total transaction of $88,290.00. Following the completion of the transaction, the vice president now directly owns 51,442 shares of the company’s stock, valued at $1,513,938.06. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Christopher Bohrson sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 22nd. The shares were sold at an average price of $30.00, for a total transaction of $60,000.00. Following the completion of the sale, the senior vice president now directly owns 130,339 shares in the company, valued at approximately $3,910,170. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 10,091 shares of company stock valued at $298,755. 2.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Cohu

Large investors have recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of Cohu by 3.3% during the 1st quarter. Vanguard Group Inc. now owns 4,303,097 shares of the semiconductor company’s stock worth $143,422,000 after buying an additional 137,475 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of Cohu by 2.0% during the 4th quarter. Dimensional Fund Advisors LP now owns 3,064,004 shares of the semiconductor company’s stock worth $108,438,000 after buying an additional 60,964 shares during the last quarter. Victory Capital Management Inc. lifted its holdings in shares of Cohu by 3.5% in the fourth quarter. Victory Capital Management Inc. now owns 2,977,319 shares of the semiconductor company’s stock valued at $105,367,000 after purchasing an additional 100,388 shares in the last quarter. Franklin Resources Inc. grew its holdings in Cohu by 8.4% during the 4th quarter. Franklin Resources Inc. now owns 2,782,650 shares of the semiconductor company’s stock valued at $98,478,000 after buying an additional 215,153 shares during the last quarter. Finally, American Century Companies Inc. raised its stake in Cohu by 22.9% in the 3rd quarter. American Century Companies Inc. now owns 974,605 shares of the semiconductor company’s stock valued at $33,565,000 after purchasing an additional 181,689 shares during the last quarter. 94.67% of the stock is owned by hedge funds and other 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.