Cohu (NASDAQ:COHU) Rating Lowered to “Sell” at StockNews.com

Cohu (NASDAQ:COHU) was downgraded by equities research analysts at StockNews.com from a “hold” rating to a “sell” rating in a research report issued on Tuesday.

A number of other research analysts have also recently commented on COHU. Needham & Company LLC reissued a “hold” rating on shares of Cohu in a research report on Friday, May 2nd. Stifel Nicolaus cut their price objective on shares of Cohu from $35.00 to $28.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. B. Riley lowered their target price on Cohu from $34.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, February 14th. Finally, TD Cowen cut their price target on Cohu from $27.00 to $22.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $28.43.

Cohu Stock Down 0.6%

Shares of COHU opened at $18.05 on Tuesday. The firm has a market cap of $839.38 million, a PE ratio of -12.03 and a beta of 1.22. Cohu has a fifty-two week low of $12.57 and a fifty-two week high of $36.60. 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’s fifty day moving average is $15.74 and its two-hundred day moving average is $21.53.

Cohu (NASDAQ:COHU) last released its quarterly earnings data on Thursday, May 1st. The semiconductor company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.14. Cohu had a negative net margin of 17.38% and a negative return on equity of 3.18%. The company had revenue of $96.80 million during the quarter, compared to the consensus estimate of $96.61 million. During the same period in the previous year, the firm earned $0.01 earnings per share. Cohu’s revenue for the quarter was down 10.0% on a year-over-year basis. Analysts forecast that Cohu will post -0.36 earnings per share for the current year.

Hedge Funds Weigh In On Cohu

Several institutional investors and hedge funds have recently modified their holdings of the stock. Barclays PLC boosted its stake in Cohu by 331.6% during the 3rd quarter. Barclays PLC now owns 77,600 shares of the semiconductor company’s stock valued at $1,994,000 after purchasing an additional 59,622 shares during the period. Sheets Smith Wealth Management bought a new stake in Cohu in the fourth quarter valued at about $205,000. Tributary Capital Management LLC raised its position in Cohu by 13.0% in the fourth quarter. Tributary Capital Management LLC now owns 588,572 shares of the semiconductor company’s stock worth $15,715,000 after purchasing an additional 67,525 shares in the last quarter. KBC Group NV lifted its stake in Cohu by 75.7% during the fourth quarter. KBC Group NV now owns 2,627 shares of the semiconductor company’s stock worth $70,000 after purchasing an additional 1,132 shares during the period. Finally, Hodges Capital Management Inc. acquired a new position in shares of Cohu in the 4th quarter worth approximately $3,771,000. 94.67% of the stock is currently owned by hedge funds and other institutional investors.

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.