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

Cohu, Inc. (NASDAQ:COHU) has been given an average recommendation of “Moderate Buy” by the six research firms that are currently covering the firm, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating on the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $27.17.

Several research analysts recently commented on the stock. Stifel Nicolaus cut their price target 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. TD Cowen cut their target price on shares of Cohu from $27.00 to $22.00 and set a “buy” rating on the stock in a research note on Friday, May 2nd. Wall Street Zen cut shares of Cohu from a “hold” rating to a “sell” rating in a research report on Tuesday, May 13th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Cohu in a report on Friday, May 2nd.

Cohu Price Performance

COHU stock opened at $19.71 on Thursday. The stock has a market capitalization of $916.57 million, a price-to-earnings ratio of -10.65 and a beta of 1.27. The company has a quick ratio of 3.69, a current ratio of 5.20 and a debt-to-equity ratio of 0.01. Cohu has a 52-week low of $12.57 and a 52-week high of $35.23. The stock’s fifty day simple moving average is $18.58 and its 200-day simple moving average is $19.07.

Cohu (NASDAQ:COHU) last posted 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. Cohu had a negative net margin of 21.99% and a negative return on equity of 3.76%. The company had revenue of $96.80 million for the quarter, compared to the consensus estimate of $96.61 million. During the same quarter last year, the firm posted $0.01 earnings per share. Cohu’s revenue was down 10.0% on a year-over-year basis. Equities research analysts expect that Cohu will post -0.36 EPS for the current year.

Institutional Investors Weigh In On Cohu

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Signaturefd LLC increased its holdings in Cohu by 355.8% during the 2nd quarter. Signaturefd LLC now owns 5,429 shares of the semiconductor company’s stock worth $104,000 after purchasing an additional 4,238 shares during the last quarter. State of Alaska Department of Revenue grew its position in shares of Cohu by 7.2% during the second quarter. State of Alaska Department of Revenue now owns 27,688 shares of the semiconductor company’s stock worth $531,000 after buying an additional 1,859 shares in the last quarter. Counterpoint Mutual Funds LLC bought a new stake in shares of Cohu in the second quarter worth $356,000. GAMMA Investing LLC raised its holdings in Cohu by 154.3% in the second quarter. GAMMA Investing LLC now owns 6,761 shares of the semiconductor company’s stock valued at $130,000 after acquiring an additional 4,102 shares in the last quarter. Finally, Wealth Enhancement Advisory Services LLC bought a new position in Cohu during the 2nd quarter valued at $331,000. 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.