Cohu (NASDAQ:COHU) Lowered to “Sell” Rating by StockNews.com

StockNews.com downgraded shares of Cohu (NASDAQ:COHU) from a hold rating to a sell rating in a report issued on Tuesday morning.

COHU has been the topic of a number of other research reports. TD Cowen decreased their price objective on shares of Cohu from $27.00 to $22.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Needham & Company LLC reaffirmed a “hold” rating on shares of Cohu in a research report on Friday, May 2nd. Stifel Nicolaus cut their price objective on Cohu from $35.00 to $28.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Finally, B. Riley reduced their target price on Cohu from $34.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $28.43.

Cohu Stock Performance

Cohu stock opened at $18.15 on Tuesday. Cohu has a twelve month low of $12.57 and a twelve month 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 fifty day simple moving average of $15.72 and a two-hundred day simple moving average of $21.55. The company has a market capitalization of $844.03 million, a PE ratio of -12.10 and a beta of 1.22.

Cohu (NASDAQ:COHU) last announced its quarterly earnings data on Thursday, May 1st. The semiconductor company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.14. Cohu had a negative return on equity of 3.18% and a negative net margin of 17.38%. The firm had revenue of $96.80 million during the quarter, compared to the consensus estimate of $96.61 million. During the same quarter in the previous year, the company posted $0.01 earnings per share. The business’s revenue was down 10.0% on a year-over-year basis. Research analysts expect that Cohu will post -0.36 EPS for the current year.

Institutional Investors Weigh In On Cohu

Hedge funds have recently made changes to their positions in the company. Tower Research Capital LLC TRC lifted its position in Cohu by 14.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,842 shares of the semiconductor company’s stock valued at $103,000 after acquiring an additional 486 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Cohu by 3.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,309 shares of the semiconductor company’s stock worth $702,000 after purchasing an additional 837 shares in the last quarter. Vident Advisory LLC grew its stake in shares of 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 buying an additional 933 shares during the last quarter. KBC Group NV increased its position in Cohu by 75.7% during the 4th quarter. KBC Group NV now owns 2,627 shares of the semiconductor company’s stock valued at $70,000 after buying an additional 1,132 shares in the last quarter. Finally, US Bancorp DE raised its stake in Cohu by 12.9% during the first quarter. US Bancorp DE now owns 10,111 shares of the semiconductor company’s stock valued at $149,000 after buying an additional 1,159 shares during the last quarter. 94.67% of the stock is currently owned by institutional investors.

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.