Cohu (NASDAQ:COHU) Stock Rating Upgraded by Zacks Investment Research

Cohu (NASDAQ:COHUGet Rating) was upgraded by Zacks Investment Research from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, Zacks.com reports.

According to Zacks, “Cohu is a leading supplier of semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors and thermal sub-systems used by global semiconductor manufacturers and test subcontractors. “

A number of other analysts also recently commented on the company. B. Riley downgraded Cohu from a “buy” rating to a “neutral” rating and dropped their price objective for the stock from $40.00 to $30.00 in a report on Tuesday. StockNews.com assumed coverage on Cohu in a research report on Thursday, March 31st. They issued a “hold” rating on the stock. Finally, The Goldman Sachs Group cut their price objective on Cohu from $33.00 to $28.00 and set a “sell” rating on the stock in a research report on Monday, March 28th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Cohu presently has a consensus rating of “Hold” and a consensus target price of $43.13.

Shares of COHU stock traded up $0.51 on Wednesday, reaching $26.44. 247,490 shares of the stock were exchanged, compared to its average volume of 405,962. The stock has a market cap of $1.28 billion, a P/E ratio of 7.71 and a beta of 1.71. The company has a quick ratio of 3.06, a current ratio of 3.90 and a debt-to-equity ratio of 0.12. The firm has a 50 day moving average of $30.16 and a two-hundred day moving average of $32.84. Cohu has a 1-year low of $25.50 and a 1-year high of $48.99.

Cohu (NASDAQ:COHUGet Rating) last released its quarterly earnings data on Thursday, February 10th. The semiconductor company reported $0.66 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.17. The business had revenue of $191.86 million during the quarter, compared to the consensus estimate of $189.14 million. Cohu had a return on equity of 17.05% and a net margin of 18.86%. The business’s revenue for the quarter was down 5.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.66 EPS. On average, equities research analysts predict that Cohu will post 2.6 EPS for the current fiscal year.

In other news, VP Ian P. Lawee sold 1,567 shares of the firm’s stock in a transaction dated Wednesday, February 16th. The stock was sold at an average price of $33.00, for a total transaction of $51,711.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.33% of the stock is owned by company insiders.

Institutional investors have recently made changes to their positions in the company. AlphaCrest Capital Management LLC acquired a new position in Cohu in the third quarter worth about $690,000. Marshall Wace LLP grew its stake in Cohu by 252.0% in the third quarter. Marshall Wace LLP now owns 403,066 shares of the semiconductor company’s stock worth $12,873,000 after purchasing an additional 288,557 shares in the last quarter. Goldman Sachs Group Inc. grew its stake in Cohu by 30.9% in the third quarter. Goldman Sachs Group Inc. now owns 2,098,962 shares of the semiconductor company’s stock worth $67,041,000 after purchasing an additional 495,304 shares in the last quarter. Quadrature Capital Ltd grew its stake in Cohu by 6.0% in the third quarter. Quadrature Capital Ltd now owns 8,374 shares of the semiconductor company’s stock worth $267,000 after purchasing an additional 473 shares in the last quarter. Finally, Raymond James & Associates grew its stake in Cohu by 1.9% in the third quarter. Raymond James & Associates now owns 32,057 shares of the semiconductor company’s stock worth $1,024,000 after purchasing an additional 611 shares in the last quarter. Institutional investors own 87.71% of the company’s stock.

Cohu Company Profile (Get Rating)

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 and electronics manufacturers, and test subcontractors.

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