Cohu (NASDAQ:COHU) Reaches New 1-Year Low – What’s Next?

Cohu, Inc. (NASDAQ:COHU) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $16.58 and last traded at $17.18, with a volume of 39630 shares changing hands. The stock had previously closed at $17.18.

Analysts Set New Price Targets

COHU has been the topic of several research reports. B. Riley dropped their price target on Cohu from $34.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Needham & Company LLC reaffirmed a “hold” rating on shares of Cohu in a report on Tuesday, February 25th. Finally, Stifel Nicolaus dropped their price target on Cohu from $40.00 to $35.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $30.57.

Cohu Stock Performance

The company has a current ratio of 6.38, a quick ratio of 4.69 and a debt-to-equity ratio of 0.01. The stock has a market capitalization of $771.18 million, a PE ratio of -11.01 and a beta of 1.50. The firm’s 50-day simple moving average is $22.30 and its two-hundred day simple moving average is $24.61.

Cohu (NASDAQ:COHU) last posted its quarterly earnings data 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 return on equity of 3.18% and a negative net margin of 17.38%. On average, equities research analysts expect that Cohu, Inc. will post -0.36 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Cohu

Several institutional investors and hedge funds have recently modified their holdings of COHU. US Bancorp DE grew its holdings in shares of Cohu by 59.7% during the 3rd quarter. US Bancorp DE now owns 8,823 shares of the semiconductor company’s stock valued at $227,000 after acquiring an additional 3,297 shares in the last quarter. GSA Capital Partners LLP grew its holdings in shares of Cohu by 34.3% during the 3rd quarter. GSA Capital Partners LLP now owns 9,922 shares of the semiconductor company’s stock valued at $255,000 after acquiring an additional 2,532 shares in the last quarter. Victory Capital Management Inc. grew its holdings in shares of Cohu by 7.1% during the 3rd quarter. Victory Capital Management Inc. now owns 3,358,288 shares of the semiconductor company’s stock valued at $86,308,000 after acquiring an additional 224,022 shares in the last quarter. MQS Management LLC purchased a new position in shares of Cohu during the 3rd quarter valued at $371,000. Finally, Kovack Advisors Inc. grew its holdings in shares of Cohu by 49.2% during the 3rd quarter. Kovack Advisors Inc. now owns 47,687 shares of the semiconductor company’s stock valued at $1,226,000 after acquiring an additional 15,725 shares in the last quarter. 94.67% of the stock is currently 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.