Cohu, Inc. (NASDAQ:COHU – Get Free Report) has been given an average rating of “Moderate Buy” by the six brokerages that are presently covering the firm, Marketbeat.com reports. One analyst has rated the stock with a sell rating, one has given a hold rating and four have given a buy rating to the company. The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $43.83.
Several research analysts recently commented on the stock. Stifel Nicolaus increased their target price on shares of Cohu from $42.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, August 2nd. Needham & Company LLC reiterated a “buy” rating and set a $52.00 target price on shares of Cohu in a report on Friday, August 4th. B. Riley upgraded Cohu from a “neutral” rating to a “buy” rating and raised their price target for the company from $38.00 to $50.00 in a research note on Monday, July 17th. Finally, StockNews.com upgraded Cohu from a “hold” rating to a “buy” rating in a research note on Friday.
Insider Activity at Cohu
Institutional Trading of Cohu
Hedge funds have recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC bought a new position in Cohu during the 2nd quarter worth $36,000. Coppell Advisory Solutions LLC acquired a new stake in Cohu in the 2nd quarter worth about $45,000. FMR LLC boosted its holdings in Cohu by 209.1% in the 2nd quarter. FMR LLC now owns 1,391 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 941 shares during the period. Lazard Asset Management LLC acquired a new position in shares of Cohu during the 2nd quarter worth approximately $80,000. Finally, Captrust Financial Advisors increased its holdings in shares of Cohu by 96.1% during the first quarter. Captrust Financial Advisors now owns 2,698 shares of the semiconductor company’s stock worth $80,000 after purchasing an additional 1,322 shares during the period. 88.23% of the stock is owned by institutional investors and hedge funds.
Cohu Trading Down 1.3 %
Shares of NASDAQ:COHU opened at $30.16 on Tuesday. The firm has a market cap of $1.44 billion, a price-to-earnings ratio of 19.97 and a beta of 1.58. Cohu has a 12 month low of $29.96 and a 12 month high of $43.99. The company’s fifty day simple moving average is $34.68 and its 200 day simple moving average is $36.87. The company has a quick ratio of 3.96, a current ratio of 5.22 and a debt-to-equity ratio of 0.04.
Cohu (NASDAQ:COHU – Get Free Report) last released its quarterly earnings results on Thursday, August 3rd. The semiconductor company reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.37 by $0.03. Cohu had a return on equity of 11.46% and a net margin of 9.75%. The firm had revenue of $168.92 million for the quarter, compared to the consensus estimate of $165.95 million. As a group, research analysts forecast that Cohu will post 1.45 EPS for the current fiscal year.
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.
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