Cowen Cuts Cohu (NASDAQ:COHU) Price Target to $35.00

Cohu (NASDAQ:COHUGet Rating) had its price objective reduced by Cowen from $38.00 to $35.00 in a report issued on Monday, Stock Target Advisor reports.

COHU has been the topic of a number of other reports. DA Davidson reiterated a buy rating on shares of Cohu in a research note on Wednesday, July 27th. Craig Hallum lowered their target price on Cohu from $46.00 to $39.00 and set a buy rating on the stock in a research note on Tuesday, July 12th. The Goldman Sachs Group lowered their target price on Cohu from $28.00 to $25.00 in a research note on Friday, July 15th. Cowen lowered their target price on Cohu from $38.00 to $35.00 in a research note on Monday. Finally, TheStreet upgraded Cohu from a c+ rating to a b- rating in a research note on Tuesday, May 24th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of Hold and an average price target of $37.63.

Cohu Price Performance

COHU opened at $29.15 on Monday. The company has a debt-to-equity ratio of 0.08, a current ratio of 3.95 and a quick ratio of 3.11. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 15.10 and a beta of 1.55. The firm’s fifty day moving average price is $27.76 and its two-hundred day moving average price is $28.91. Cohu has a 1 year low of $24.06 and a 1 year high of $39.86.

Cohu (NASDAQ:COHUGet Rating) last posted its quarterly earnings data on Thursday, July 28th. The semiconductor company reported $0.81 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.18. The firm had revenue of $217.23 million for the quarter, compared to the consensus estimate of $216.77 million. Cohu had a net margin of 11.41% and a return on equity of 14.90%. The business’s revenue for the quarter was down 11.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.82 EPS. As a group, analysts anticipate that Cohu will post 2.5 earnings per share for the current fiscal year.

Insider Activity

In other news, VP Thomas D. Kampfer sold 10,000 shares of the company’s stock in a transaction dated Friday, May 27th. The stock was sold at an average price of $30.11, for a total transaction of $301,100.00. Following the sale, the vice president now directly owns 62,099 shares in the company, valued at $1,869,800.89. The sale was disclosed in a document filed with the SEC, which is available at this link. In other news, Director William Bendush sold 3,532 shares of the business’s stock in a transaction dated Friday, May 6th. The stock was sold at an average price of $28.02, for a total transaction of $98,966.64. Following the completion of the transaction, the director now owns 38,907 shares of the company’s stock, valued at $1,090,174.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, VP Thomas D. Kampfer sold 10,000 shares of the business’s stock in a transaction dated Friday, May 27th. The stock was sold at an average price of $30.11, for a total value of $301,100.00. Following the transaction, the vice president now directly owns 62,099 shares of the company’s stock, valued at approximately $1,869,800.89. The disclosure for this sale can be found here. Insiders have sold a total of 13,652 shares of company stock worth $403,427 over the last ninety days. Company insiders own 2.33% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Teacher Retirement System of Texas grew its holdings in shares of Cohu by 6.7% during the first quarter. Teacher Retirement System of Texas now owns 9,963 shares of the semiconductor company’s stock worth $295,000 after purchasing an additional 622 shares in the last quarter. First Republic Investment Management Inc. grew its holdings in shares of Cohu by 1.4% during the first quarter. First Republic Investment Management Inc. now owns 53,990 shares of the semiconductor company’s stock worth $1,598,000 after purchasing an additional 724 shares in the last quarter. US Bancorp DE grew its holdings in shares of Cohu by 185.4% during the second quarter. US Bancorp DE now owns 1,213 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 788 shares in the last quarter. New York State Teachers Retirement System grew its holdings in shares of Cohu by 1.5% during the fourth quarter. New York State Teachers Retirement System now owns 65,884 shares of the semiconductor company’s stock worth $2,510,000 after purchasing an additional 998 shares in the last quarter. Finally, Meeder Asset Management Inc. purchased a new position in shares of Cohu during the first quarter worth about $38,000. Hedge funds and other institutional investors own 88.46% 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.

Further Reading

Analyst Recommendations for Cohu (NASDAQ:COHU)

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