Cohu (NASDAQ:COHU) Receives “Hold” Rating from Needham & Company LLC

Cohu (NASDAQ:COHU)‘s stock had its “hold” rating reiterated by equities researchers at Needham & Company LLC in a research note issued on Tuesday,Benzinga reports.

Several other equities analysts have also recently issued reports on COHU. Stifel Nicolaus decreased their price objective on Cohu from $40.00 to $35.00 and set a “buy” rating for the company in a report on Friday, February 14th. TD Cowen lowered their price objective on Cohu from $36.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Craig Hallum raised shares of Cohu from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a report on Friday, November 1st. The Goldman Sachs Group dropped their price target on shares of Cohu from $26.00 to $23.00 and set a “sell” rating on the stock in a research report on Friday, November 1st. Finally, B. Riley lowered their target price on shares of Cohu from $34.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. Two 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. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $30.57.

Cohu Trading Down 8.0 %

Cohu stock opened at $19.34 on Tuesday. Cohu has a 52 week low of $19.33 and a 52 week high of $36.60. The stock has a 50-day moving average price of $24.11 and a 200 day moving average price of $25.18. 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 company has a market capitalization of $903.37 million, a price-to-earnings ratio of -12.89 and a beta of 1.45.

Cohu (NASDAQ:COHU) last released its quarterly earnings data on Thursday, February 20th. The semiconductor company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.18). Cohu had a negative net margin of 17.38% and a negative return on equity of 3.18%. Sell-side analysts anticipate that Cohu will post -0.36 EPS for the current year.

Institutional Trading of Cohu

Institutional investors have recently made changes to their positions in the company. Thrivent Financial for Lutherans lifted its holdings in Cohu by 78.8% in the 4th quarter. Thrivent Financial for Lutherans now owns 2,615,235 shares of the semiconductor company’s stock valued at $69,827,000 after purchasing an additional 1,152,825 shares in the last quarter. Franklin Resources Inc. raised its position in shares of Cohu by 25.9% in the third quarter. Franklin Resources Inc. now owns 3,145,692 shares of the semiconductor company’s stock valued at $82,134,000 after buying an additional 647,828 shares during the last quarter. Frontier Capital Management Co. LLC lifted its stake in shares of Cohu by 52.2% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,139,325 shares of the semiconductor company’s stock worth $30,420,000 after buying an additional 390,558 shares in the last quarter. Royce & Associates LP boosted its position in Cohu by 28.0% during the fourth quarter. Royce & Associates LP now owns 1,442,394 shares of the semiconductor company’s stock worth $38,512,000 after acquiring an additional 315,605 shares during the last quarter. Finally, Lightrock Netherlands B.V. purchased a new stake in Cohu during the 4th quarter valued at about $8,016,000. 94.67% of the stock is owned by institutional investors and hedge funds.

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.