Cohu, Inc. (NASDAQ:COHU) Receives Average Rating of “Hold” from Brokerages

Shares of Cohu, Inc. (NASDAQ:COHU) have been assigned a consensus recommendation of “Hold” from the seven research firms that are currently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokerages that have covered the stock in the last year is $30.57.

A number of research firms have recently issued reports on COHU. Stifel Nicolaus dropped their target price on shares of Cohu from $40.00 to $35.00 and set a “buy” rating for the company in a report on Friday, February 14th. B. Riley cut their price objective on shares of Cohu from $34.00 to $30.00 and set a “buy” rating for the company in a report on Friday, February 14th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Cohu in a research note on Tuesday, February 25th.

Cohu Stock Down 0.5 %

COHU stock opened at $14.32 on Tuesday. Cohu has a 52 week low of $12.57 and a 52 week high of $36.60. The company has a quick ratio of 4.69, a current ratio of 6.38 and a debt-to-equity ratio of 0.01. The firm has a 50-day simple moving average of $17.63 and a 200-day simple moving average of $22.88. The stock has a market capitalization of $666.45 million, a P/E ratio of -9.55 and a beta of 1.39.

Cohu (NASDAQ:COHU) last released its 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 net margin of 17.38% and a negative return on equity of 3.18%. Equities analysts forecast that Cohu will post -0.36 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cohu

Institutional investors have recently bought and sold shares of the company. Wedge Capital Management L L P NC purchased a new stake in shares of Cohu during the 1st quarter valued at approximately $1,586,000. GAMMA Investing LLC increased its stake in Cohu by 3,903.5% during the first quarter. GAMMA Investing LLC now owns 39,114 shares of the semiconductor company’s stock worth $575,000 after acquiring an additional 38,137 shares during the last quarter. Versant Capital Management Inc raised its position in Cohu by 232.0% in the first quarter. Versant Capital Management Inc now owns 2,417 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 1,689 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in shares of 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 valued at $2,465,000 after purchasing an additional 9,941 shares during the last quarter. Finally, Vident Advisory LLC grew its holdings in shares of Cohu by 5.3% during 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 during the period. 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.