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

Shares of Cohu, Inc. (NASDAQ:COHU) have been given an average recommendation of “Buy” by the four brokerages that are presently covering the firm, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a buy recommendation. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $43.50.

A number of analysts recently weighed in on the company. Needham & Company LLC restated a “buy” rating and issued a $36.00 target price on shares of Cohu in a research report on Friday, February 16th. TD Cowen boosted their price objective on Cohu from $38.00 to $40.00 and gave the company an “outperform” rating in a research report on Friday, February 16th.

Cohu Stock Performance

Shares of COHU opened at $29.07 on Tuesday. The company has a market cap of $1.37 billion, a PE ratio of 49.27 and a beta of 1.52. The company has a current ratio of 6.18, a quick ratio of 4.67 and a debt-to-equity ratio of 0.04. The stock has a 50-day moving average price of $31.74 and a 200-day moving average price of $32.70. Cohu has a 12-month low of $28.57 and a 12-month high of $43.99.

Cohu (NASDAQ:COHU) last issued its quarterly earnings results on Thursday, February 15th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The firm had revenue of $137.23 million during the quarter, compared to the consensus estimate of $136.94 million. Cohu had a return on equity of 6.73% and a net margin of 4.42%. The company’s revenue for the quarter was down 28.2% on a year-over-year basis. During the same quarter last year, the company posted $0.63 EPS. As a group, equities analysts forecast that Cohu will post 0.22 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cohu

Several hedge funds have recently made changes to their positions in the business. Pacer Advisors Inc. grew its stake in Cohu by 61.3% in the fourth quarter. Pacer Advisors Inc. now owns 751,039 shares of the semiconductor company’s stock worth $26,579,000 after purchasing an additional 285,537 shares during the period. TimesSquare Capital Management LLC boosted its holdings in Cohu by 166.1% in the third quarter. TimesSquare Capital Management LLC now owns 647,338 shares of the semiconductor company’s stock worth $22,294,000 after acquiring an additional 404,028 shares in the last quarter. Northern Trust Corp boosted its holdings in Cohu by 14.4% in the third quarter. Northern Trust Corp now owns 684,736 shares of the semiconductor company’s stock worth $23,582,000 after acquiring an additional 86,030 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Cohu by 10.8% during the third quarter. Charles Schwab Investment Management Inc. now owns 463,120 shares of the semiconductor company’s stock valued at $15,950,000 after purchasing an additional 45,304 shares in the last quarter. Finally, Vanguard Group Inc. lifted its holdings in shares of Cohu by 7.8% during the third quarter. Vanguard Group Inc. now owns 4,105,906 shares of the semiconductor company’s stock valued at $141,407,000 after purchasing an additional 295,456 shares in the last quarter. 94.67% of the stock is owned by hedge funds and other institutional investors.

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.