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

Shares of Cohu, Inc. (NASDAQ:COHU) have received an average recommendation of “Moderate Buy” from the eight ratings firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and six have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $52.3333.

Several research firms have recently issued reports on COHU. Stifel Nicolaus increased their price target on Cohu from $32.00 to $34.00 and gave the stock a “buy” rating in a research note on Wednesday, March 18th. Zacks Research raised Cohu from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. TD Cowen increased their price target on Cohu from $60.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday. Jefferies Financial Group set a $60.00 price target on Cohu and gave the stock a “buy” rating in a research note on Friday, May 1st. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Cohu in a research note on Monday, April 20th.

Cohu Trading Down 2.6%

NASDAQ:COHU opened at $62.41 on Wednesday. Cohu has a 1 year low of $17.71 and a 1 year high of $69.63. The stock has a market cap of $2.94 billion, a price-to-earnings ratio of -52.44 and a beta of 1.62. The business has a fifty day moving average of $47.65 and a 200-day moving average of $34.88. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.31 and a current ratio of 6.43.

Cohu (NASDAQ:COHU) last released its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.03 by ($0.02). Cohu had a negative return on equity of 3.50% and a negative net margin of 11.54%.The business had revenue of $125.12 million during the quarter, compared to the consensus estimate of $122.14 million. During the same period in the previous year, the company posted ($0.02) EPS. The company’s revenue for the quarter was up 29.3% compared to the same quarter last year. Equities analysts predict that Cohu will post 0.17 earnings per share for the current year.

Insider Buying and Selling

In other news, Director James A. Donahue sold 10,257 shares of the company’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $46.77, for a total value of $479,719.89. Following the completion of the sale, the director owned 3,578 shares in the company, valued at $167,343.06. This represents a 74.14% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. Also, Director William Bendush sold 7,500 shares of the company’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $49.14, for a total value of $368,550.00. Following the completion of the sale, the director owned 24,780 shares of the company’s stock, valued at approximately $1,217,689.20. This trade represents a 23.23% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 90,668 shares of company stock valued at $4,248,016. Company insiders own 3.05% of the company’s stock.

Institutional Trading of Cohu

Several institutional investors have recently modified their holdings of COHU. Tudor Investment Corp ET AL acquired a new stake in shares of Cohu in the third quarter valued at $243,960,000. SG Capital Management LLC acquired a new stake in shares of Cohu in the fourth quarter valued at $33,174,000. Invesco Ltd. lifted its holdings in shares of Cohu by 478.4% in the second quarter. Invesco Ltd. now owns 1,175,282 shares of the semiconductor company’s stock valued at $22,612,000 after buying an additional 972,088 shares during the period. Emerald Advisers LLC acquired a new stake in shares of Cohu in the first quarter valued at $23,887,000. Finally, Segall Bryant & Hamill LLC lifted its holdings in shares of Cohu by 125.5% in the first quarter. Segall Bryant & Hamill LLC now owns 955,344 shares of the semiconductor company’s stock valued at $29,253,000 after buying an additional 531,661 shares during the period. Institutional investors and hedge funds own 94.67% of the company’s stock.

About Cohu

Cohu, Inc is a global provider of semiconductor test and inspection solutions, offering a broad portfolio of products designed to support chip manufacturers, outsourced semiconductor assembly and test (OSAT) providers, and electronics original equipment manufacturers (OEMs). The company’s product lineup includes automatic test handlers, wafer probers, test sockets, thermal subassembly systems and burn-in boards, all engineered to optimize throughput, accuracy and reliability in semiconductor production and final test.

Founded in 1947 and headquartered in Poway, California, Cohu has grown through both organic development and targeted acquisitions to become a recognized leader in test handling and interconnect technologies.