Citigroup Trims Cohu (NASDAQ:COHU) Target Price to $36.00

Cohu (NASDAQ:COHU) had its price target cut by equities researchers at Citigroup from $40.00 to $36.00 in a research note issued on Monday, Benzinga reports. The firm currently has a “buy” rating on the semiconductor company’s stock. Citigroup’s price objective would indicate a potential upside of 21.38% from the company’s current price.

Other analysts have also issued research reports about the company. Needham & Company LLC cut their target price on Cohu from $36.00 to $34.00 and set a “buy” rating on the stock in a research report on Monday. Craig Hallum lowered their target price on Cohu from $35.00 to $30.00 and set a “hold” rating for the company in a report on Friday, May 3rd. TD Cowen cut their price target on shares of Cohu from $40.00 to $36.00 and set a “buy” rating on the stock in a research note on Friday, May 3rd. Finally, B. Riley lowered their price objective on shares of Cohu from $45.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, May 3rd. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat.com, Cohu presently has an average rating of “Moderate Buy” and a consensus target price of $37.33.

Cohu Price Performance

COHU stock opened at $29.66 on Monday. Cohu has a 52-week low of $28.57 and a 52-week high of $43.99. The business has a fifty day moving average of $31.24 and a two-hundred day moving average of $32.33. The stock has a market cap of $1.40 billion, a price-to-earnings ratio of -593.20 and a beta of 1.54. The company has a quick ratio of 4.63, a current ratio of 6.29 and a debt-to-equity ratio of 0.01.

Cohu (NASDAQ:COHU) last issued its quarterly earnings data on Thursday, February 15th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.22 by $0.01. The firm had revenue of $137.23 million for the quarter, compared to analyst estimates of $136.94 million. Cohu had a negative net margin of 0.38% and a positive return on equity of 3.91%. Cohu’s revenue was down 28.2% on a year-over-year basis. During the same period in the previous year, the firm earned $0.63 EPS. As a group, research analysts anticipate that Cohu will post 0.22 earnings per share for the current year.

Hedge Funds Weigh In On Cohu

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Inspire Advisors LLC acquired a new stake in Cohu in the first quarter valued at approximately $755,000. Sei Investments Co. raised its holdings in shares of Cohu by 11.2% in the 1st quarter. Sei Investments Co. now owns 160,259 shares of the semiconductor company’s stock valued at $5,341,000 after purchasing an additional 16,159 shares in the last quarter. TimesSquare Capital Management LLC lifted its position in shares of Cohu by 7.2% during the 1st quarter. TimesSquare Capital Management LLC now owns 746,680 shares of the semiconductor company’s stock worth $24,887,000 after purchasing an additional 49,892 shares during the last quarter. SG Americas Securities LLC acquired a new position in shares of Cohu during the first quarter worth $596,000. Finally, Quantbot Technologies LP increased its holdings in Cohu by 80.7% in the first quarter. Quantbot Technologies LP now owns 27,471 shares of the semiconductor company’s stock valued at $916,000 after buying an additional 12,271 shares during the last quarter. 94.67% of the stock is owned by institutional investors and hedge funds.

About Cohu

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.