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

Shares of Cohu, Inc. (NASDAQ:COHU) have received a consensus recommendation of “Moderate Buy” from the five analysts that are currently covering the stock, Marketbeat.com reports. Two equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $35.00.

Several research analysts recently commented on the company. Citigroup cut Cohu from a “buy” rating to a “neutral” rating and set a $36.00 target price for the company. in a research report on Monday, July 15th. Needham & Company LLC cut their price target on shares of Cohu from $37.00 to $33.00 and set a “buy” rating for the company in a research note on Thursday, August 1st. TD Cowen lowered their price objective on Cohu from $40.00 to $36.00 and set a “buy” rating on the stock in a research note on Friday, May 3rd. StockNews.com downgraded Cohu from a “hold” rating to a “sell” rating in a research report on Friday, August 2nd. Finally, Craig Hallum lowered their price target on Cohu from $35.00 to $30.00 and set a “hold” rating on the stock in a research report on Friday, May 3rd.

Cohu Trading Up 3.0 %

Shares of COHU stock opened at $26.87 on Monday. Cohu has a 12 month low of $23.93 and a 12 month high of $37.95. The company has a market cap of $1.27 billion, a PE ratio of -537.40 and a beta of 1.58. The company has a quick ratio of 4.63, a current ratio of 6.95 and a debt-to-equity ratio of 0.01. The business’s 50 day moving average is $30.44 and its two-hundred day moving average is $31.05.

Cohu (NASDAQ:COHU) last posted its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported ($0.12) EPS for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.03). The business had revenue of $104.70 million during the quarter, compared to the consensus estimate of $105.00 million. Cohu had a positive return on equity of 1.27% and a negative net margin of 5.70%. Equities analysts predict that Cohu will post -0.07 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in COHU. Signaturefd LLC raised its stake in shares of Cohu by 1,256.3% during the 2nd quarter. Signaturefd LLC now owns 868 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 804 shares in the last quarter. First Horizon Advisors Inc. increased its holdings in Cohu by 558.8% during the second quarter. First Horizon Advisors Inc. now owns 1,087 shares of the semiconductor company’s stock worth $36,000 after buying an additional 922 shares during the last quarter. CWM LLC raised its position in Cohu by 158.1% during the second quarter. CWM LLC now owns 1,533 shares of the semiconductor company’s stock worth $51,000 after acquiring an additional 939 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new stake in Cohu in the second quarter valued at $97,000. Finally, Perkins Coie Trust Co bought a new position in shares of Cohu in the 2nd quarter valued at about $132,000. Institutional investors and hedge funds own 94.67% of the company’s stock.

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.