Cohu, Inc. (NASDAQ:COHU) Given Consensus Rating of “Moderate Buy” by Brokerages

Cohu, Inc. (NASDAQ:COHU) has received a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $31.50.

Several brokerages have issued reports on COHU. Craig Hallum upgraded shares of Cohu from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Friday, November 1st. StockNews.com lowered Cohu from a “hold” rating to a “sell” rating in a research report on Friday, August 2nd. Needham & Company LLC raised their price objective on Cohu from $27.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Citigroup downgraded shares of Cohu from a “buy” rating to a “neutral” rating and set a $36.00 target price for the company. in a report on Monday, July 15th. Finally, The Goldman Sachs Group decreased their price target on shares of Cohu from $26.00 to $23.00 and set a “sell” rating for the company in a research report on Friday, November 1st.

Cohu Trading Down 0.5 %

NASDAQ COHU opened at $28.27 on Friday. The stock has a market cap of $1.32 billion, a PE ratio of -26.18 and a beta of 1.52. Cohu has a 12 month low of $22.80 and a 12 month high of $36.60. The company’s 50-day moving average price is $25.33 and its 200-day moving average price is $28.60. The company has a current ratio of 6.38, a quick ratio of 4.69 and a debt-to-equity ratio of 0.01.

Cohu (NASDAQ:COHU) last issued its earnings results on Thursday, October 31st. The semiconductor company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.02). Cohu had a negative return on equity of 1.01% and a negative net margin of 11.35%. The company had revenue of $95.30 million during the quarter, compared to the consensus estimate of $95.75 million. During the same quarter in the prior year, the company earned $0.27 earnings per share. Cohu’s revenue was down 36.8% on a year-over-year basis. Equities research analysts forecast that Cohu will post -0.41 earnings per share for the current year.

Insider Transactions at Cohu

In other Cohu news, Director Nina Richardson sold 4,999 shares of the firm’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $24.14, for a total value of $120,675.86. Following the completion of the transaction, the director now owns 28,313 shares of the company’s stock, valued at approximately $683,475.82. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Over the last 90 days, insiders have sold 5,399 shares of company stock worth $130,204. Insiders own 2.70% of the company’s stock.

Institutional Trading of Cohu

Large investors have recently added to or reduced their stakes in the company. First Horizon Advisors Inc. raised its stake in shares of Cohu by 49.2% in the third quarter. First Horizon Advisors Inc. now owns 1,622 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 535 shares during the last quarter. Thrivent Financial for Lutherans increased its holdings in Cohu by 11.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,462,410 shares of the semiconductor company’s stock worth $37,584,000 after buying an additional 152,574 shares during the period. Royce & Associates LP raised its position in Cohu by 21.4% during the 3rd quarter. Royce & Associates LP now owns 1,126,789 shares of the semiconductor company’s stock worth $28,958,000 after buying an additional 198,849 shares during the last quarter. Kovack Advisors Inc. lifted its stake in Cohu by 49.2% during the 3rd quarter. Kovack Advisors Inc. now owns 47,687 shares of the semiconductor company’s stock valued at $1,226,000 after acquiring an additional 15,725 shares during the period. Finally, MQS Management LLC purchased a new stake in shares of Cohu in the 3rd quarter valued at $371,000. Hedge funds and other 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.