Cohu, Inc. (NASDAQ:COHU) Receives Average Recommendation of “Hold” from Analysts

Shares of Cohu, Inc. (NASDAQ:COHU) have been given an average recommendation of “Hold” by the seven analysts that are currently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have given a buy recommendation to the company. The average 1 year target price among brokerages that have updated their coverage on the stock in the last year is $28.43.

Several equities analysts have issued reports on COHU shares. TD Cowen decreased their price objective on shares of Cohu from $27.00 to $22.00 and set a “buy” rating on the stock in a report on Friday. Stifel Nicolaus lowered their price objective on Cohu from $35.00 to $28.00 and set a “buy” rating on the stock in a report on Friday. Needham & Company LLC reissued a “hold” rating on shares of Cohu in a report on Friday. Finally, B. Riley reduced their target price on shares of Cohu from $34.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, February 14th.

Institutional Investors Weigh In On Cohu

Institutional investors have recently modified their holdings of the company. Barclays PLC lifted its holdings in Cohu by 331.6% during the 3rd quarter. Barclays PLC now owns 77,600 shares of the semiconductor company’s stock worth $1,994,000 after buying an additional 59,622 shares during the last quarter. Franklin Resources Inc. increased its stake in Cohu by 25.9% in the third quarter. Franklin Resources Inc. now owns 3,145,692 shares of the semiconductor company’s stock valued at $82,134,000 after purchasing an additional 647,828 shares during the last quarter. Sheets Smith Wealth Management acquired a new position in shares of Cohu in the 4th quarter valued at $205,000. Tributary Capital Management LLC grew its position in shares of Cohu by 13.0% in the 4th quarter. Tributary Capital Management LLC now owns 588,572 shares of the semiconductor company’s stock valued at $15,715,000 after buying an additional 67,525 shares during the last quarter. Finally, KBC Group NV grew its position in shares of Cohu by 75.7% in the 4th quarter. KBC Group NV now owns 2,627 shares of the semiconductor company’s stock valued at $70,000 after buying an additional 1,132 shares during the last quarter. 94.67% of the stock is owned by hedge funds and other institutional investors.

Cohu Stock Up 3.9 %

Shares of COHU opened at $16.69 on Friday. The company has a quick ratio of 4.69, a current ratio of 6.38 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $776.75 million, a price-to-earnings ratio of -11.13 and a beta of 1.39. The stock’s 50-day moving average price is $16.04 and its 200-day moving average price is $21.99. Cohu has a 52 week low of $12.57 and a 52 week high of $36.60.

Cohu (NASDAQ:COHU) last issued its quarterly earnings data on Thursday, May 1st. The semiconductor company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.14. The company had revenue of $96.80 million for the quarter, compared to analyst estimates of $96.61 million. Cohu had a negative return on equity of 3.18% and a negative net margin of 17.38%. Cohu’s quarterly revenue was down 10.0% compared to the same quarter last year. During the same period last year, the company earned $0.01 earnings per share. On average, sell-side analysts predict that Cohu will post -0.36 EPS for the current year.

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.