Cohu (NASDAQ:COHU) Stock Rating Lowered by Citigroup

Cohu (NASDAQ:COHU) was downgraded by Citigroup from a “buy” rating to a “neutral” rating in a report issued on Monday, Marketbeat.com reports. They currently have a $36.00 price objective on the semiconductor company’s stock. Citigroup’s price target suggests a potential upside of 1.69% from the stock’s previous close.

Several other brokerages have also commented on COHU. Craig Hallum cut their price target on shares of Cohu from $35.00 to $30.00 and set a “hold” rating on the stock in a research note on Friday, May 3rd. B. Riley reduced their target price on Cohu from $45.00 to $40.00 and set a “buy” rating for the company in a report on Friday, May 3rd. Needham & Company LLC dropped their price target on Cohu from $36.00 to $34.00 and set a “buy” rating on the stock in a research note on Monday, May 6th. Finally, TD Cowen reduced their price objective on Cohu from $40.00 to $36.00 and set a “buy” rating for the company in a research note on Friday, May 3rd. Three research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $37.33.

Cohu Trading Up 1.8 %

NASDAQ:COHU opened at $35.40 on Monday. Cohu has a 1 year low of $28.57 and a 1 year high of $43.99. The stock has a market cap of $1.67 billion, a P/E ratio of -708.00 and a beta of 1.58. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.63 and a current ratio of 6.29. The stock has a 50-day simple moving average of $31.97 and a 200-day simple moving average of $32.04.

Cohu (NASDAQ:COHU) last announced its quarterly earnings results on Thursday, May 2nd. The semiconductor company reported ($0.06) earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of ($0.07) by $0.01. The firm had revenue of $107.61 million during 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, analysts anticipate that Cohu will post -0.07 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, VP Thomas D. Kampfer sold 3,000 shares of the company’s stock in a transaction that occurred on 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 sale, the vice president now owns 51,442 shares in the company, valued at $1,513,938.06. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In related news, VP Thomas D. Kampfer sold 3,000 shares of the stock in a transaction dated Wednesday, May 15th. The shares were 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Christopher Bohrson sold 2,000 shares of the firm’s stock in a transaction dated 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 owns 130,339 shares of the company’s stock, valued at approximately $3,910,170. The disclosure for this sale can be found here. In the last ninety days, insiders sold 10,091 shares of company stock valued at $298,755. 2.70% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Large investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its stake in shares of 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 purchasing an additional 59,716 shares during the period. Charles Schwab Investment Management Inc. grew its position in Cohu by 8.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 502,566 shares of the semiconductor company’s stock worth $17,786,000 after buying an additional 39,446 shares during the period. First Eagle Investment Management LLC grew its holdings in shares of 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 acquiring an additional 59,283 shares during the period. Pacer Advisors Inc. increased its stake in Cohu by 61.3% in the 4th quarter. Pacer Advisors Inc. now owns 751,039 shares of the semiconductor company’s stock valued at $26,579,000 after purchasing an additional 285,537 shares in the last quarter. Finally, American Century Companies Inc. boosted its position in Cohu by 22.9% during the third quarter. American Century Companies Inc. now owns 974,605 shares of the semiconductor company’s stock worth $33,565,000 after purchasing an additional 181,689 shares in the last quarter. 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.