Cohu (NASDAQ:COHU) Price Target Cut to $34.00

Cohu (NASDAQ:COHU) had its target price reduced by equities research analysts at Needham & Company LLC from $36.00 to $34.00 in a report issued on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Needham & Company LLC’s target price suggests a potential upside of 14.86% from the company’s previous close.

A number of other research firms also recently weighed in on COHU. TD Cowen decreased their price target on shares of Cohu from $40.00 to $36.00 and set a “buy” rating for the company in a research report on Friday. Craig Hallum decreased their price objective on shares of Cohu from $35.00 to $30.00 and set a “hold” rating for the company in a report on Friday. Finally, B. Riley decreased their price objective on shares of Cohu from $45.00 to $40.00 and set a “buy” rating for the company in a report on Friday. Two analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, Cohu currently has a consensus rating of “Moderate Buy” and an average target price of $37.60.

Cohu Stock Down 2.4 %

Shares of NASDAQ:COHU opened at $29.60 on Monday. The company has a quick ratio of 4.63, a current ratio of 6.29 and a debt-to-equity ratio of 0.01. Cohu has a 52-week low of $28.57 and a 52-week high of $43.99. The company has a 50 day moving average of $31.35 and a two-hundred day moving average of $32.39. The company has a market capitalization of $1.39 billion, a price-to-earnings ratio of -592.00 and a beta of 1.54.

Cohu (NASDAQ:COHU) last issued its quarterly earnings data on Thursday, February 15th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.01. Cohu had a negative net margin of 0.38% and a positive return on equity of 3.91%. The company had revenue of $137.23 million during the quarter, compared to the consensus estimate of $136.94 million. During the same quarter last year, the company earned $0.63 earnings per share. Cohu’s revenue for the quarter was down 28.2% on a year-over-year basis. As a group, analysts forecast that Cohu will post 0.22 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cohu

A number of hedge funds have recently added to or reduced their stakes in the stock. GSA Capital Partners LLP raised its stake in shares of Cohu by 122.7% during the first quarter. GSA Capital Partners LLP now owns 24,979 shares of the semiconductor company’s stock valued at $833,000 after purchasing an additional 13,762 shares in the last quarter. BNP Paribas Financial Markets raised its stake in shares of Cohu by 111.0% during the first quarter. BNP Paribas Financial Markets now owns 39,061 shares of the semiconductor company’s stock valued at $1,302,000 after purchasing an additional 20,549 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Cohu by 36.5% during the first quarter. Assenagon Asset Management S.A. now owns 68,307 shares of the semiconductor company’s stock valued at $2,277,000 after purchasing an additional 18,283 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Cohu by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 4,165,622 shares of the semiconductor company’s stock valued at $147,421,000 after purchasing an additional 59,716 shares in the last quarter. Finally, Keeley Teton Advisors LLC raised its stake in shares of Cohu by 9.4% during the fourth quarter. Keeley Teton Advisors LLC now owns 31,501 shares of the semiconductor company’s stock valued at $1,115,000 after purchasing an additional 2,701 shares in the last quarter. 94.67% of the stock is currently owned by 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.