Cohu (NASDAQ:COHU) Given New $30.00 Price Target at Craig Hallum

Cohu (NASDAQ:COHU) had its price objective reduced by Craig Hallum from $35.00 to $30.00 in a research note issued to investors on Friday, Benzinga reports. The firm currently has a “hold” rating on the semiconductor company’s stock. Craig Hallum’s price target suggests a potential upside of 1.35% from the stock’s previous close.

A number of other analysts have also issued reports on the company. B. Riley reduced their target price on Cohu from $45.00 to $40.00 and set a “buy” rating for the company in a report on Friday. Needham & Company LLC restated a “buy” rating and set a $36.00 price objective on shares of Cohu in a research report on Friday, February 16th. Finally, TD Cowen dropped their target price on Cohu from $40.00 to $36.00 and set a “buy” rating on the stock in a report on Friday. Two research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Cohu currently has a consensus rating of “Moderate Buy” and a consensus price target of $38.00.

Cohu Trading Down 2.4 %

Shares of COHU opened at $29.60 on Friday. The business’s 50-day moving average price is $31.35 and its 200 day moving average price is $32.40. The company has a current ratio of 6.18, a quick ratio of 4.67 and a debt-to-equity ratio of 0.04. The stock has a market capitalization of $1.39 billion, a P/E ratio of -592.00 and a beta of 1.54. Cohu has a 1-year low of $28.57 and a 1-year high of $43.99.

Cohu (NASDAQ:COHU) last released its earnings results on Thursday, February 15th. The semiconductor company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.01. The business had revenue of $137.23 million for the quarter, compared to the consensus estimate of $136.94 million. Cohu had a negative net margin of 0.38% and a positive return on equity of 3.88%. The firm’s quarterly revenue was down 28.2% compared to the same quarter last year. During the same period last year, the firm posted $0.63 earnings per share. Analysts expect that Cohu will post 0.22 earnings per share for the current year.

Institutional Trading of Cohu

Institutional investors have recently added to or reduced their stakes in the business. Meeder Asset Management Inc. acquired a new stake in shares of Cohu in the 4th quarter valued at $35,000. Teza Capital Management LLC bought a new stake in shares of Cohu during the 3rd quarter worth about $212,000. Altfest L J & Co. Inc. acquired a new position in shares of Cohu during the 4th quarter valued at about $250,000. TFO Wealth Partners LLC raised its stake in shares of Cohu by 10,587.5% in the 4th quarter. TFO Wealth Partners LLC now owns 855 shares of the semiconductor company’s stock valued at $283,000 after acquiring an additional 847 shares in the last quarter. Finally, Inspire Investing LLC lifted its holdings in Cohu by 17.3% in the 3rd quarter. Inspire Investing LLC now owns 8,894 shares of the semiconductor company’s stock worth $306,000 after purchasing an additional 1,313 shares during the last quarter. 94.67% of the stock is currently owned by institutional investors and hedge funds.

Cohu Company Profile

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.