Cohu, Inc. (NASDAQ:COHU) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Cohu, Inc. (NASDAQ:COHU) have received an average recommendation of “Moderate Buy” from the six brokerages that are presently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have given a buy recommendation to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $31.50.

A number of equities analysts have weighed in on the company. Craig Hallum upgraded Cohu from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a report on Friday, November 1st. StockNews.com lowered Cohu from a “hold” rating to a “sell” rating in a research report on Friday, August 2nd. TD Cowen cut their target price on Cohu from $36.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Needham & Company LLC upped their target price on Cohu from $27.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Finally, The Goldman Sachs Group cut their target price on Cohu from $26.00 to $23.00 and set a “sell” rating on the stock in a research report on Friday, November 1st.

Insider Activity at Cohu

In related news, Director Nina Richardson sold 4,999 shares of the company’s stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $24.14, for a total transaction of $120,675.86. Following the sale, the director now directly owns 28,313 shares of the company’s stock, valued at approximately $683,475.82. This represents a 0.00 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In the last ninety days, insiders have sold 5,599 shares of company stock valued at $135,850. Corporate insiders own 2.70% of the company’s stock.

Institutional Investors Weigh In On Cohu

Several large investors have recently added to or reduced their stakes in COHU. Signaturefd LLC increased its position in Cohu by 1,256.3% in the second quarter. Signaturefd LLC now owns 868 shares of the semiconductor company’s stock worth $29,000 after buying an additional 804 shares during the period. First Horizon Advisors Inc. increased its position in Cohu by 558.8% in the second quarter. First Horizon Advisors Inc. now owns 1,087 shares of the semiconductor company’s stock worth $36,000 after buying an additional 922 shares during the period. CWM LLC increased its position in Cohu by 158.1% in the second quarter. CWM LLC now owns 1,533 shares of the semiconductor company’s stock worth $51,000 after buying an additional 939 shares during the period. 1620 Investment Advisors Inc. acquired a new stake in Cohu in the second quarter worth $97,000. Finally, Perkins Coie Trust Co acquired a new stake in Cohu in the second quarter worth $132,000. 94.67% of the stock is owned by institutional investors and hedge funds.

Cohu Stock Down 4.0 %

NASDAQ COHU opened at $25.87 on Friday. The stock has a market cap of $1.21 billion, a PE ratio of -23.95 and a beta of 1.52. Cohu has a fifty-two week low of $22.80 and a fifty-two week high of $36.60. The business has a 50 day moving average price of $25.40 and a two-hundred day moving average price of $28.51. The company has a quick ratio of 4.69, a current ratio of 6.38 and a debt-to-equity ratio of 0.01.

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

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.