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

Cohu, Inc. (NASDAQ:COHUGet Free Report) has been given an average rating of “Moderate Buy” by the six brokerages that are presently covering the firm, 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, upgraded Cohu from a “hold” rating to a “buy” rating in a research note on Friday.

Get Our Latest Stock Report on COHU

Insider Activity at Cohu

In other news, VP Ian P. Lawee sold 2,000 shares of the firm’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $37.55, for a total transaction of $75,100.00. Following the completion of the sale, the vice president now owns 53,139 shares in the company, valued at approximately $1,995,369.45. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 2.79% of the stock is owned by company insiders.

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:COHUGet 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.

About Cohu

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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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Analyst Recommendations for Cohu (NASDAQ:COHU)

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