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

Shares of Cohu, Inc. (NASDAQ:COHU) have been given a consensus recommendation of “Hold” by the seven ratings firms that are currently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have given a buy recommendation to the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $30.57.

Several research analysts have recently weighed in on the stock. Needham & Company LLC reiterated a “hold” rating on shares of Cohu in a research note on Tuesday, February 25th. Stifel Nicolaus lowered their target price on shares of Cohu from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. Finally, B. Riley lowered their target price on shares of Cohu from $34.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, February 14th.

Cohu Trading Down 1.3 %

Shares of Cohu stock opened at $17.04 on Friday. The company’s fifty day simple moving average is $21.29 and its 200-day simple moving average is $24.27. The stock has a market capitalization of $795.94 million, a PE ratio of -11.36 and a beta of 1.50. Cohu has a 1-year low of $15.61 and a 1-year high of $36.60. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.38 and a quick ratio of 4.69.

Cohu (NASDAQ:COHU) last issued its quarterly earnings results on Thursday, February 20th. The semiconductor company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.18). Cohu had a negative return on equity of 3.18% and a negative net margin of 17.38%. As a group, equities analysts anticipate that Cohu will post -0.36 earnings per share for the current year.

Institutional Trading of Cohu

Several hedge funds have recently bought and sold shares of the stock. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Cohu by 12.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 92,308 shares of the semiconductor company’s stock worth $2,465,000 after purchasing an additional 9,941 shares in the last quarter. Vident Advisory LLC lifted its stake in Cohu by 5.3% in the 4th quarter. Vident Advisory LLC now owns 18,450 shares of the semiconductor company’s stock worth $493,000 after purchasing an additional 933 shares in the last quarter. Two Sigma Investments LP lifted its stake in Cohu by 218.5% in the 4th quarter. Two Sigma Investments LP now owns 54,538 shares of the semiconductor company’s stock worth $1,456,000 after purchasing an additional 37,414 shares in the last quarter. State of Wyoming purchased a new stake in Cohu in the 4th quarter worth $267,000. Finally, Systematic Financial Management LP lifted its stake in Cohu by 4.2% in the 4th quarter. Systematic Financial Management LP now owns 922,106 shares of the semiconductor company’s stock worth $24,620,000 after purchasing an additional 36,759 shares in the last quarter. Hedge funds and other institutional investors own 94.67% of the company’s stock.

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.