Cohu, Inc. (NASDAQ:COHU) Receives $31.50 Average PT from Brokerages

Cohu, Inc. (NASDAQ:COHU) has earned a consensus rating of “Moderate Buy” from the six research firms that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $31.50.

A number of equities research analysts have weighed in on the company. Craig Hallum upgraded Cohu from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a report on Friday, November 1st. The Goldman Sachs Group lowered their price objective on shares of Cohu from $26.00 to $23.00 and set a “sell” rating for the company in a research note on Friday, November 1st. TD Cowen cut their target price on shares of Cohu from $36.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Finally, Needham & Company LLC lifted their price target on shares of Cohu from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, November 1st.

Insider Buying and Selling at Cohu

In other news, Director Nina Richardson sold 4,999 shares of the firm’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $24.14, for a total value of $120,675.86. Following the transaction, the director now owns 28,313 shares in the company, valued at $683,475.82. This trade represents a 15.01 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders sold 5,599 shares of company stock worth $136,724. 2.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Cohu

A number of institutional investors and hedge funds have recently bought and sold shares of COHU. International Assets Investment Management LLC bought a new stake in shares of Cohu in the 3rd quarter worth $528,000. Charles Schwab Investment Management Inc. grew its position in Cohu by 10.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 624,274 shares of the semiconductor company’s stock worth $16,044,000 after purchasing an additional 59,806 shares in the last quarter. Creative Planning grew its position in Cohu by 219.4% in the 3rd quarter. Creative Planning now owns 27,237 shares of the semiconductor company’s stock worth $700,000 after purchasing an additional 18,709 shares in the last quarter. 272 Capital LP increased its stake in Cohu by 137.9% in the 2nd quarter. 272 Capital LP now owns 58,654 shares of the semiconductor company’s stock valued at $1,941,000 after buying an additional 34,000 shares during the last quarter. Finally, Assenagon Asset Management S.A. lifted its position in shares of Cohu by 286.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 107,817 shares of the semiconductor company’s stock worth $2,771,000 after buying an additional 79,890 shares in the last quarter. 94.67% of the stock is owned by hedge funds and other institutional investors.

Cohu Stock Down 0.9 %

Cohu stock opened at $26.45 on Friday. The firm has a 50 day moving average price of $26.62 and a two-hundred day moving average price of $27.46. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.69 and a current ratio of 6.38. Cohu has a 52-week low of $22.80 and a 52-week high of $36.60. The firm has a market cap of $1.23 billion, a price-to-earnings ratio of -24.49 and a beta of 1.51.

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

Cohu Company Profile

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.