Cohu (NASDAQ:COHU) Shares Cross Above 200-Day Moving Average – Here’s Why

Cohu, Inc. (NASDAQ:COHU)’s stock price passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $19.51 and traded as high as $19.79. Cohu shares last traded at $19.24, with a volume of 263,620 shares trading hands.

Analysts Set New Price Targets

A number of research firms have recently commented on COHU. TD Cowen dropped their price objective on shares of Cohu from $27.00 to $22.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. Needham & Company LLC reaffirmed a “hold” rating on shares of Cohu in a research note on Friday, May 2nd. Wall Street Zen downgraded shares of Cohu from a “hold” rating to a “sell” rating in a research note on Tuesday, May 13th. Finally, Stifel Nicolaus dropped their price objective on shares of Cohu from $35.00 to $28.00 and set a “buy” rating for the company in a research note on Friday, May 2nd. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $28.43.

Cohu Stock Performance

The stock has a market cap of $894.66 million, a PE ratio of -10.40 and a beta of 1.26. The stock has a fifty day simple moving average of $17.63 and a two-hundred day simple moving average of $19.51. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.69 and a current ratio of 5.20.

Cohu (NASDAQ:COHU) last released its quarterly earnings results on Thursday, May 1st. The semiconductor company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.14. The firm had revenue of $96.80 million during the quarter, compared to analysts’ expectations of $96.61 million. Cohu had a negative return on equity of 3.76% and a negative net margin of 21.99%. Cohu’s quarterly revenue was down 10.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.01 EPS. Equities analysts anticipate that Cohu, Inc. will post -0.36 EPS for the current fiscal year.

Hedge Funds Weigh In On Cohu

A number of institutional investors and hedge funds have recently bought and sold shares of COHU. Tower Research Capital LLC TRC boosted its stake in shares of Cohu by 14.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,842 shares of the semiconductor company’s stock valued at $103,000 after buying an additional 486 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in shares of Cohu by 3.3% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,309 shares of the semiconductor company’s stock valued at $702,000 after buying an additional 837 shares during the last quarter. Vident Advisory LLC boosted its stake in shares of Cohu by 5.3% during the 4th quarter. Vident Advisory LLC now owns 18,450 shares of the semiconductor company’s stock valued at $493,000 after buying an additional 933 shares during the last quarter. US Bancorp DE boosted its stake in shares of Cohu by 12.9% during the 1st quarter. US Bancorp DE now owns 10,111 shares of the semiconductor company’s stock valued at $149,000 after buying an additional 1,159 shares during the last quarter. Finally, Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of Cohu by 1,225.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,392 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 1,287 shares during the last quarter. Hedge funds and other institutional investors 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.