TD Cowen Cuts Cohu (NASDAQ:COHU) Price Target to $36.00

Cohu (NASDAQ:COHU) had its price objective trimmed by TD Cowen from $40.00 to $36.00 in a research report released on Friday morning, MarketBeat reports. The brokerage currently has a buy rating on the semiconductor company’s stock.

Separately, Needham & Company LLC reaffirmed a buy rating and issued a $36.00 price objective on shares of Cohu in a research note on Friday, February 16th. Two investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of Moderate Buy and an average price target of $37.33.

Cohu Trading Down 2.3 %

Shares of COHU opened at $28.92 on Friday. The stock has a market capitalization of $1.36 billion, a PE ratio of -578.40 and a beta of 1.54. The company’s fifty day moving average is $31.29 and its 200 day moving average is $32.35. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.63 and a current ratio of 6.29. Cohu has a fifty-two week low of $28.57 and a fifty-two week high of $43.99.

Cohu (NASDAQ:COHU) last posted its earnings results on Thursday, February 15th. The semiconductor company reported $0.23 earnings per share 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 previous year, the firm posted $0.63 EPS. The business’s quarterly revenue was down 28.2% on a year-over-year basis. Sell-side analysts expect that Cohu will post 0.22 earnings per share for the current fiscal year.

Institutional Trading of Cohu

A number of large investors have recently modified their holdings of COHU. Meeder Asset Management Inc. purchased a new stake in shares of Cohu in the 4th quarter worth $35,000. Teza Capital Management LLC bought a new position in Cohu during the 3rd quarter worth about $212,000. Altfest L J & Co. Inc. purchased a new position in Cohu during the 4th quarter valued at about $250,000. TFO Wealth Partners LLC lifted its position in shares of Cohu by 10,587.5% in the 4th quarter. TFO Wealth Partners LLC now owns 855 shares of the semiconductor company’s stock worth $283,000 after purchasing an additional 847 shares during the period. Finally, Inspire Investing LLC lifted its position in shares of Cohu by 17.3% in the 3rd quarter. Inspire Investing LLC now owns 8,894 shares of the semiconductor company’s stock worth $306,000 after purchasing an additional 1,313 shares during the period. Hedge funds and other institutional investors own 94.67% of the company’s stock.

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.