Cohu (NASDAQ:COHU) Price Target Lowered to $34.00 at Needham & Company LLC

Cohu (NASDAQ:COHU) had its target price cut by stock analysts at Needham & Company LLC from $36.00 to $34.00 in a note issued to investors on Monday, Benzinga reports. The firm presently has a “buy” rating on the semiconductor company’s stock. Needham & Company LLC’s price objective points to a potential upside of 14.63% from the company’s current price.

A number of other analysts have also commented on COHU. Craig Hallum lowered their price objective on Cohu from $35.00 to $30.00 and set a “hold” rating for the company in a research report on Friday, May 3rd. TD Cowen dropped their price target on 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 decreased their price objective on Cohu from $45.00 to $40.00 and set a “buy” rating for the company in a report on Friday, May 3rd. Two analysts have rated the stock with a hold rating and five have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $37.33.

Cohu Stock Up 2.6 %

Shares of NASDAQ COHU opened at $29.66 on Monday. Cohu has a 12-month low of $28.57 and a 12-month high of $43.99. The company 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. The firm’s 50-day simple moving average is $31.24 and its 200 day simple moving average is $32.33.

Cohu (NASDAQ:COHU) last announced its quarterly earnings data on Thursday, February 15th. The semiconductor company reported $0.23 EPS for the quarter, beating analysts’ consensus estimates 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 positive return on equity of 3.91% and a negative net margin of 0.38%. The business’s quarterly revenue was down 28.2% compared to the same quarter last year. During the same period last year, the company earned $0.63 EPS. On average, research analysts expect that Cohu will post 0.22 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cohu

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

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.