Cohu (NASDAQ:COHU) Price Target Cut to $36.00 by Analysts at Citigroup

Cohu (NASDAQ:COHU) had its price target reduced by Citigroup from $40.00 to $36.00 in a report published on Monday, Benzinga reports. Citigroup currently has a buy rating on the semiconductor company’s stock.

Other research analysts have also issued research reports about the company. Craig Hallum decreased their price objective on Cohu from $35.00 to $30.00 and set a hold rating on the stock in a report on Friday, May 3rd. TD Cowen lowered their price target on shares of Cohu from $40.00 to $36.00 and set a buy rating on the stock in a research report on Friday, May 3rd. Needham & Company LLC decreased their target price on shares of Cohu from $36.00 to $34.00 and set a buy rating on the stock in a research note on Monday. Finally, B. Riley dropped their price target on Cohu from $45.00 to $40.00 and set a buy rating for the company in a research report on Friday, May 3rd. Two research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus price target of $37.33.

Cohu Trading Down 1.8 %

Cohu stock opened at $29.13 on Monday. The firm has a market cap of $1.37 billion, a PE ratio of -582.60 and a beta of 1.54. Cohu has a 12 month low of $28.57 and a 12 month high of $43.99. The stock’s 50 day simple moving average is $31.20 and its two-hundred day simple moving average is $32.31. The company has a current ratio of 6.29, a quick ratio of 4.63 and a debt-to-equity ratio of 0.01.

Cohu (NASDAQ:COHU) last announced its quarterly earnings results on Thursday, February 15th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 firm had revenue of $137.23 million for the quarter, compared to the consensus estimate of $136.94 million. During the same period in the prior year, the firm posted $0.63 earnings per share. The firm’s quarterly revenue was down 28.2% compared to the same quarter last year. Analysts anticipate that Cohu will post 0.22 earnings per share for the current year.

Hedge Funds Weigh In On Cohu

Institutional investors and hedge funds have recently bought and sold shares of the company. ProShare Advisors LLC increased its holdings in shares of Cohu by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 9,433 shares of the semiconductor company’s stock worth $314,000 after buying an additional 649 shares during the last quarter. Russell Investments Group Ltd. grew its position in Cohu by 30.9% in the first quarter. Russell Investments Group Ltd. now owns 47,622 shares of the semiconductor company’s stock worth $1,587,000 after acquiring an additional 11,249 shares during the period. Inspire Advisors LLC acquired a new stake in Cohu during the first quarter worth $755,000. Sei Investments Co. increased its stake in Cohu by 11.2% during the first quarter. Sei Investments Co. now owns 160,259 shares of the semiconductor company’s stock worth $5,341,000 after acquiring an additional 16,159 shares during the last quarter. Finally, TimesSquare Capital Management LLC raised its position in Cohu by 7.2% in the first quarter. TimesSquare Capital Management LLC now owns 746,680 shares of the semiconductor company’s stock valued at $24,887,000 after purchasing an additional 49,892 shares during the period. 94.67% of the stock is currently owned by institutional investors and hedge funds.

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.