Cohu (NASDAQ:COHU) Stock Crosses Above Two Hundred Day Moving Average – What’s Next?

Cohu, Inc. (NASDAQ:COHU)’s share price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $27.28 and traded as high as $27.44. Cohu shares last traded at $26.37, with a volume of 283,230 shares changing hands.

Analyst Ratings Changes

COHU has been the subject of several recent research reports. The Goldman Sachs Group cut their price objective on Cohu from $26.00 to $23.00 and set a “sell” rating for the company in a report on Friday, November 1st. TD Cowen reduced their price target on Cohu from $36.00 to $30.00 and set a “buy” rating for the company in a report on Friday, November 1st. Needham & Company LLC increased their price objective on Cohu from $27.00 to $30.00 and gave the stock a “buy” rating in a report on Friday, November 1st. Finally, Craig Hallum upgraded shares of Cohu from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research note on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $31.50.

Cohu Stock Performance

The firm has a fifty day simple moving average of $26.71 and a 200 day simple moving average of $27.28. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.38 and a quick ratio of 4.69. The company has a market cap of $1.23 billion, a price-to-earnings ratio of -24.42 and a beta of 1.47.

Cohu (NASDAQ:COHU) last announced its earnings results on Thursday, October 31st. The semiconductor company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.02). Cohu had a negative return on equity of 1.01% and a negative net margin of 11.35%. The firm had revenue of $95.30 million during the quarter, compared to the consensus estimate of $95.75 million. During the same quarter last year, the business earned $0.27 EPS. The business’s revenue was down 36.8% compared to the same quarter last year. On average, sell-side analysts expect that Cohu, Inc. will post -0.46 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in the business. 272 Capital LP grew its stake in shares of Cohu by 167.9% in the third quarter. 272 Capital LP now owns 157,150 shares of the semiconductor company’s stock worth $4,039,000 after acquiring an additional 98,496 shares during the last quarter. Franklin Resources Inc. boosted its holdings in Cohu by 25.9% in the 3rd quarter. Franklin Resources Inc. now owns 3,145,692 shares of the semiconductor company’s stock valued at $82,134,000 after purchasing an additional 647,828 shares during the period. Meros Investment Management LP acquired a new stake in Cohu in the 3rd quarter worth $257,000. Geode Capital Management LLC increased its holdings in shares of Cohu by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,114,394 shares of the semiconductor company’s stock worth $28,645,000 after purchasing an additional 9,563 shares during the period. Finally, Barclays PLC raised its position in shares of Cohu by 331.6% during the third quarter. Barclays PLC now owns 77,600 shares of the semiconductor company’s stock valued at $1,994,000 after buying an additional 59,622 shares during the last quarter. 94.67% of the stock is owned by 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.