Cohu (NASDAQ:COHU) Price Target Cut to $40.00 by Analysts at B. Riley

Cohu (NASDAQ:COHU) had its price objective decreased by B. Riley from $45.00 to $40.00 in a report published on Friday morning, Benzinga reports. B. Riley currently has a buy rating on the semiconductor company’s stock.

Other research analysts have also issued reports about the company. TD Cowen decreased their price objective on Cohu from $40.00 to $36.00 and set a buy rating on the stock in a report on Friday. Needham & Company LLC restated a buy rating and issued a $36.00 price target on shares of Cohu in a research note on Friday, February 16th. Two equities research analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Cohu has an average rating of Moderate Buy and a consensus price target of $38.00.

Cohu Price Performance

NASDAQ:COHU opened at $29.60 on Friday. The firm’s fifty day moving average price is $31.35 and its two-hundred day moving average price is $32.39. The company has a debt-to-equity ratio of 0.04, a current ratio of 6.18 and a quick ratio of 4.67. The company has a market cap of $1.39 billion, a P/E ratio of -592.00 and a beta of 1.54. Cohu has a one year low of $28.57 and a one year high of $43.99.

Cohu (NASDAQ:COHU) last announced its quarterly earnings results on Thursday, February 15th. The semiconductor company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The business had revenue of $137.23 million for the quarter, compared to analyst estimates of $136.94 million. Cohu had a negative net margin of 0.38% and a positive return on equity of 3.88%. Cohu’s quarterly revenue was down 28.2% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.63 EPS. Equities analysts expect that Cohu will post 0.22 earnings per share for the current year.

Institutional Trading of Cohu

A number of institutional investors have recently modified their holdings of COHU. Meeder Asset Management Inc. acquired a new position in Cohu in the fourth quarter valued at about $35,000. Teza Capital Management LLC acquired a new position in shares of Cohu in the 3rd quarter valued at approximately $212,000. Altfest L J & Co. Inc. bought a new stake in shares of Cohu during the 4th quarter worth approximately $250,000. TFO Wealth Partners LLC boosted its position in shares of Cohu by 10,587.5% during the 4th quarter. TFO Wealth Partners LLC now owns 855 shares of the semiconductor company’s stock worth $283,000 after acquiring an additional 847 shares in the last quarter. Finally, Inspire Investing LLC increased its stake in Cohu by 17.3% in the third quarter. Inspire Investing LLC now owns 8,894 shares of the semiconductor company’s stock valued at $306,000 after acquiring an additional 1,313 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.