Brokerages Set Cohu, Inc. (NASDAQ:COHU) PT at $37.33

Cohu, Inc. (NASDAQ:COHU) has earned an average rating of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat Ratings reports. One equities research analyst has rated the stock with a hold recommendation and five have given a buy recommendation 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.

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

Cohu Trading Down 0.8 %

NASDAQ COHU opened at $35.23 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.63 and a current ratio of 6.29. Cohu has a one year low of $28.57 and a one year high of $43.99. The company has a 50-day simple moving average of $31.63 and a 200-day simple moving average of $32.12. The firm has a market capitalization of $1.66 billion, a PE ratio of -704.60 and a beta of 1.58.

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 analysts’ consensus estimates of ($0.07) by $0.01. The business had revenue of $107.61 million for the quarter, compared to analysts’ expectations of $107.00 million. Cohu had a positive return on equity of 3.91% and a negative net margin of 0.38%. On average, equities analysts forecast that Cohu will post -0.07 earnings per share for the current year.

Insider Buying and Selling

In other Cohu news, SVP Christopher Bohrson sold 2,000 shares of the company’s stock in a transaction dated 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 sale, the senior vice president now directly owns 130,339 shares of the company’s stock, valued at approximately $3,910,170. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, Director William Bendush sold 2,500 shares of the stock in a transaction on Thursday, May 16th. The stock was sold at an average price of $29.27, for a total transaction of $73,175.00. Following the completion of the sale, the director now owns 34,162 shares in the company, valued at approximately $999,921.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Christopher Bohrson sold 2,000 shares of Cohu stock in a transaction on Wednesday, May 22nd. The stock was 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 disclosure for this sale can be found here. Insiders have sold a total of 10,091 shares of company stock valued at $298,755 over the last three months. Company insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On Cohu

Several hedge funds have recently modified their holdings of COHU. Vanguard Group Inc. raised its holdings in Cohu by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 4,165,622 shares of the semiconductor company’s stock worth $147,421,000 after buying an additional 59,716 shares during the period. Charles Schwab Investment Management Inc. lifted its position in shares of Cohu by 8.5% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 502,566 shares of the semiconductor company’s stock valued at $17,786,000 after acquiring an additional 39,446 shares in the last quarter. First Eagle Investment Management LLC boosted its stake in Cohu by 38.4% in the 4th quarter. First Eagle Investment Management LLC now owns 213,698 shares of the semiconductor company’s stock worth $7,563,000 after purchasing an additional 59,283 shares during the period. Pacer Advisors Inc. grew its position in Cohu by 61.3% during the 4th quarter. Pacer Advisors Inc. now owns 751,039 shares of the semiconductor company’s stock worth $26,579,000 after purchasing an additional 285,537 shares in the last quarter. Finally, TimesSquare Capital Management LLC lifted its holdings in shares of Cohu by 166.1% in the third quarter. TimesSquare Capital Management LLC now owns 647,338 shares of the semiconductor company’s stock valued at $22,294,000 after purchasing an additional 404,028 shares in the last quarter. 94.67% of the stock is owned by hedge funds and other institutional investors.

About Cohu

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.