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

Shares of Cohu, Inc. (NASDAQ:COHU) have been assigned an average recommendation of “Moderate Buy” from the six analysts that are covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating on the company. The average 1-year price target among brokers that have issued ratings on the stock in the last year is $29.3333.

A number of research analysts recently weighed in on the company. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cohu in a research note on Wednesday, October 8th. TD Cowen lifted their price target on shares of Cohu from $22.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Cowen restated a “buy” rating on shares of Cohu in a report on Thursday, October 30th. Finally, B. Riley reissued a “buy” rating on shares of Cohu in a research report on Thursday, October 30th.

Hedge Funds Weigh In On Cohu

Several large investors have recently bought and sold shares of the stock. Tudor Investment Corp ET AL bought a new stake in Cohu during the third quarter worth $243,960,000. Vanguard Group Inc. raised its stake in shares of Cohu by 0.4% during the 3rd quarter. Vanguard Group Inc. now owns 4,303,546 shares of the semiconductor company’s stock worth $87,491,000 after purchasing an additional 18,033 shares during the period. Royce & Associates LP boosted its holdings in shares of Cohu by 4.7% in the 3rd quarter. Royce & Associates LP now owns 1,910,497 shares of the semiconductor company’s stock worth $38,840,000 after buying an additional 85,662 shares during the last quarter. Tributary Capital Management LLC increased its holdings in Cohu by 131.5% during the third quarter. Tributary Capital Management LLC now owns 1,520,386 shares of the semiconductor company’s stock worth $30,909,000 after buying an additional 863,654 shares during the last quarter. Finally, Frontier Capital Management Co. LLC raised its position in Cohu by 20.0% in the second quarter. Frontier Capital Management Co. LLC now owns 1,355,973 shares of the semiconductor company’s stock worth $26,089,000 after acquiring an additional 226,453 shares during the period. 94.67% of the stock is currently owned by institutional investors.

Cohu Stock Performance

NASDAQ:COHU opened at $23.23 on Wednesday. The company has a market capitalization of $1.08 billion, a PE ratio of -14.80 and a beta of 1.34. Cohu has a fifty-two week low of $12.57 and a fifty-two week high of $29.08. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.24 and a current ratio of 4.39. The company has a 50 day simple moving average of $23.13 and a two-hundred day simple moving average of $20.98.

Cohu (NASDAQ:COHU) last announced its earnings results on Wednesday, October 29th. The semiconductor company reported ($0.06) EPS for the quarter, beating the consensus estimate of ($0.19) by $0.13. The company had revenue of $126.25 million for the quarter, compared to analyst estimates of $124.98 million. Cohu had a negative return on equity of 3.73% and a negative net margin of 17.22%.The firm’s revenue for the quarter was up 32.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned ($0.08) EPS. Research analysts anticipate that Cohu will post -0.36 earnings per share for the current year.

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.