Cohu, Inc. (NASDAQ:COHU) Stock Has Consensus Price Target of $68.75 According to Brokerages

Cohu, Inc. (NASDAQ:COHU) has been assigned a consensus rating of “Moderate Buy” from the ten brokerages that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has given a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $68.75.

A number of equities analysts have recently issued reports on COHU shares. Craig Hallum reissued a “buy” rating and set a $74.00 price target on shares of Cohu in a research report on Friday, July 31st. Stifel Nicolaus raised their price target on Cohu from $50.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Jefferies Financial Group restated a “buy” rating and issued a $74.00 price objective on shares of Cohu in a report on Friday, July 31st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cohu in a research note on Thursday. Finally, Robert W. Baird assumed coverage on shares of Cohu in a report on Wednesday, July 8th. They set an “outperform” rating and a $65.00 target price on the stock.

Insider Buying and Selling at Cohu

In other news, Director Nina Richardson sold 3,055 shares of the company’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $51.54, for a total value of $157,454.70. Following the completion of the sale, the director owned 39,093 shares of the company’s stock, valued at approximately $2,014,853.22. This represents a 7.25% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Christopher Bohrson sold 1,000 shares of the stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $55.31, for a total transaction of $55,310.00. Following the transaction, the insider owned 157,702 shares in the company, valued at approximately $8,722,497.62. This represents a 0.63% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. In the last 90 days, insiders have sold 134,999 shares of company stock worth $8,321,309. 3.05% of the stock is owned by company insiders.

Institutional Trading of Cohu

A number of hedge funds have recently bought and sold shares of COHU. BlackRock Inc. acquired a new stake in shares of Cohu in the 2nd quarter worth $545,932,000. The Manufacturers Life Insurance Company purchased a new position in Cohu during the 2nd quarter worth $77,814,000. Segall Bryant & Hamill LLC grew its stake in Cohu by 125.5% during the 1st quarter. Segall Bryant & Hamill LLC now owns 955,344 shares of the semiconductor company’s stock worth $29,253,000 after buying an additional 531,661 shares during the last quarter. Emerald Advisers LLC acquired a new position in Cohu during the 1st quarter valued at about $23,887,000. Finally, Leeward Investments LLC MA increased its position in Cohu by 4.0% during the 1st quarter. Leeward Investments LLC MA now owns 646,133 shares of the semiconductor company’s stock valued at $19,785,000 after buying an additional 24,755 shares in the last quarter. Hedge funds and other institutional investors own 94.67% of the company’s stock.

Cohu Stock Up 6.0%

Shares of NASDAQ COHU opened at $53.87 on Tuesday. The company has a debt-to-equity ratio of 0.37, a quick ratio of 4.72 and a current ratio of 5.74. The firm has a market capitalization of $2.55 billion, a price-to-earnings ratio of -64.90 and a beta of 1.51. The stock has a 50 day moving average price of $57.96 and a 200 day moving average price of $53.37. Cohu has a 52-week low of $21.10 and a 52-week high of $75.72.

Cohu (NASDAQ:COHU) last announced its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $0.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.14 by $0.12. The company had revenue of $149.00 million for the quarter, compared to analysts’ expectations of $144.20 million. Cohu had a negative return on equity of 1.96% and a negative net margin of 7.43%. Cohu’s revenue was up 38.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.02 earnings per share. Sell-side analysts expect that Cohu will post 0.47 earnings per share for the current year.

About Cohu

Cohu, Inc provides semiconductor test and inspection equipment, consumables and related services used by semiconductor manufacturers and outsourced semiconductor assembly and test providers. Its solutions support the testing and handling of integrated circuits throughout the manufacturing process, helping customers evaluate device performance, reliability and quality.

The company’s product portfolio includes semiconductor test handlers, inspection and metrology systems, thermal-management equipment, test contactors and other interface products.