Cohu, Inc. (NASDAQ:COHU) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Cohu, Inc. (NASDAQ:COHU) have earned an average recommendation of “Moderate Buy” from the six analysts that are presently covering the firm, Marketbeat reports. One analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have issued a buy recommendation on the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $31.50.

Several equities analysts recently commented on the stock. Needham & Company LLC increased their price objective on shares of Cohu from $27.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, November 1st. The Goldman Sachs Group decreased their price target on shares of Cohu from $26.00 to $23.00 and set a “sell” rating for the company in a report 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. Finally, TD Cowen reduced their target price on Cohu from $36.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, November 1st.

Cohu Price Performance

Shares of COHU opened at $26.86 on Friday. The company has a 50 day moving average of $26.64 and a two-hundred day moving average of $27.40. The company has a market cap of $1.25 billion, a price-to-earnings ratio of -24.87 and a beta of 1.51. The company has a quick ratio of 4.69, a current ratio of 6.38 and a debt-to-equity ratio of 0.01. Cohu has a twelve month low of $22.80 and a twelve month high of $36.60.

Cohu (NASDAQ:COHU) last announced its earnings results on Thursday, October 31st. The semiconductor company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.02). Cohu had a negative return on equity of 1.01% and a negative net margin of 11.35%. The business had revenue of $95.30 million for the quarter, compared to analysts’ expectations of $95.75 million. During the same quarter last year, the firm earned $0.27 earnings per share. The firm’s quarterly revenue was down 36.8% compared to the same quarter last year. As a group, analysts predict that Cohu will post -0.46 earnings per share for the current fiscal year.

Insider Transactions at Cohu

In other Cohu news, Director Nina Richardson sold 4,999 shares of the stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $24.14, for a total transaction of $120,675.86. Following the sale, the director now directly owns 28,313 shares of the company’s stock, valued at approximately $683,475.82. This trade represents a 15.01 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have sold 5,599 shares of company stock worth $136,724 over the last 90 days. 2.70% of the stock is currently owned by company insiders.

Institutional Trading of Cohu

A number of hedge funds have recently modified their holdings of the stock. Bank of New York Mellon Corp lifted its holdings in Cohu by 54.7% in the second quarter. Bank of New York Mellon Corp now owns 905,309 shares of the semiconductor company’s stock valued at $29,966,000 after acquiring an additional 320,234 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank lifted its stake in shares of Cohu by 16.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 12,139 shares of the semiconductor company’s stock valued at $402,000 after purchasing an additional 1,732 shares during the period. Signaturefd LLC boosted its holdings in Cohu by 1,256.3% during the second quarter. Signaturefd LLC now owns 868 shares of the semiconductor company’s stock worth $29,000 after buying an additional 804 shares in the last quarter. Hantz Financial Services Inc. acquired a new stake in Cohu during the second quarter valued at $1,786,000. Finally, Rothschild Investment LLC purchased a new position in Cohu in the second quarter valued at $1,234,000. Hedge funds and other institutional investors own 94.67% of the company’s stock.

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.