Cohu (NASDAQ:COHU) Upgraded to Hold by Zacks Investment Research

Zacks Investment Research upgraded shares of Cohu (NASDAQ:COHUGet Rating) from a sell rating to a hold rating in a research report sent to investors on Monday, 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. “

Several other analysts also recently issued reports on the company. The Goldman Sachs Group reduced their price target on Cohu from $33.00 to $28.00 and set a sell rating for the company in a research note on Monday, March 28th. B. Riley downgraded Cohu from a buy rating to a neutral rating and reduced their price target for the company from $40.00 to $30.00 in a research note on Tuesday, April 12th. Finally, StockNews.com began coverage on Cohu in a report on Thursday, March 31st. They issued a hold rating for the company. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of Hold and an average target price of $40.86.

COHU opened at $27.29 on Monday. The business has a fifty day simple moving average of $28.54 and a 200 day simple moving average of $32.35. The company has a market capitalization of $1.33 billion, a PE ratio of 8.37 and a beta of 1.71. Cohu has a 1 year low of $25.06 and a 1 year high of $40.92. The company has a debt-to-equity ratio of 0.12, a current ratio of 3.90 and a quick ratio of 3.06.

Cohu (NASDAQ:COHUGet Rating) last released its quarterly earnings results on Thursday, April 28th. The semiconductor company reported $0.66 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.10. The business had revenue of $197.76 million during the quarter, compared to the consensus estimate of $195.19 million. Cohu had a return on equity of 15.57% and a net margin of 18.77%. The firm’s quarterly revenue was down 12.3% on a year-over-year basis. During the same period in the previous year, the company posted $0.83 EPS. Equities analysts anticipate that Cohu will post 2.57 earnings per share for the current fiscal year.

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

Several institutional investors have recently bought and sold shares of the company. BlackRock Inc. raised its holdings in shares of Cohu by 3.6% during the 4th quarter. BlackRock Inc. now owns 7,340,752 shares of the semiconductor company’s stock worth $279,610,000 after buying an additional 258,440 shares in the last quarter. Dimensional Fund Advisors LP raised its holdings in shares of Cohu by 4.3% during the 3rd quarter. Dimensional Fund Advisors LP now owns 2,266,455 shares of the semiconductor company’s stock worth $72,390,000 after buying an additional 94,480 shares in the last quarter. Goldman Sachs Group Inc. raised its holdings in shares of Cohu by 30.9% during the 3rd quarter. Goldman Sachs Group Inc. now owns 2,098,962 shares of the semiconductor company’s stock worth $67,041,000 after buying an additional 495,304 shares in the last quarter. Victory Capital Management Inc. raised its holdings in shares of Cohu by 161.5% during the 4th quarter. Victory Capital Management Inc. now owns 1,802,774 shares of the semiconductor company’s stock worth $68,667,000 after buying an additional 1,113,367 shares in the last quarter. Finally, Paradigm Capital Management Inc. NY raised its holdings in shares of Cohu by 2.1% during the 3rd quarter. Paradigm Capital Management Inc. NY now owns 1,134,749 shares of the semiconductor company’s stock worth $36,244,000 after buying an additional 22,800 shares in the last quarter. 88.46% of the stock is owned by institutional investors.

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.

Further Reading

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