Cohu, Inc. (NASDAQ:COHU) Receives $29.50 Average Price Target from Analysts

Shares of Cohu, Inc. (NASDAQ:COHU) have been assigned an average recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating and five have issued a buy rating on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $29.50.

COHU has been the subject of several analyst reports. TD Cowen upped their price target on Cohu from $22.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. B. Riley restated a “buy” rating on shares of Cohu in a report on Thursday, October 30th. Cowen reaffirmed a “buy” rating on shares of Cohu in a research note on Thursday, October 30th. Needham & Company LLC 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 Tuesday, January 6th. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Cohu in a research report on Wednesday, October 8th.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Tudor Investment Corp ET AL acquired a new stake in shares of Cohu during the third quarter worth about $243,960,000. Invesco Ltd. increased its stake in Cohu by 478.4% during the 2nd quarter. Invesco Ltd. now owns 1,175,282 shares of the semiconductor company’s stock worth $22,612,000 after purchasing an additional 972,088 shares in the last quarter. Tributary Capital Management LLC raised its holdings in Cohu by 131.5% during the 3rd quarter. Tributary Capital Management LLC now owns 1,520,386 shares of the semiconductor company’s stock worth $30,909,000 after buying an additional 863,654 shares during the period. Frontier Capital Management Co. LLC boosted its holdings in shares of Cohu by 20.0% in the second quarter. Frontier Capital Management Co. LLC now owns 1,355,973 shares of the semiconductor company’s stock valued at $26,089,000 after buying an additional 226,453 shares during the period. Finally, First Eagle Investment Management LLC acquired a new position in shares of Cohu in the second quarter valued at approximately $3,950,000. 94.67% of the stock is owned by institutional investors and hedge funds.

Cohu Price Performance

COHU opened at $27.84 on Friday. The company has a fifty day moving average price of $24.03 and a two-hundred day moving average price of $21.83. The firm has a market capitalization of $1.30 billion, a PE ratio of -17.73 and a beta of 1.27. Cohu has a 52 week low of $12.57 and a 52 week high of $28.06. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.24 and a current ratio of 4.39.

Cohu (NASDAQ:COHU) last posted its quarterly earnings results on Wednesday, October 29th. The semiconductor company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.19) by $0.13. Cohu had a negative return on equity of 3.73% and a negative net margin of 17.22%.The business had revenue of $126.25 million for the quarter, compared to analyst estimates of $124.98 million. During the same period last year, the company earned ($0.08) EPS. The firm’s revenue was up 32.5% on a year-over-year basis. As a group, analysts anticipate that Cohu will post -0.36 earnings per share for the current year.

About Cohu

Cohu, Inc is a global provider of semiconductor test and inspection solutions, offering a broad portfolio of products designed to support chip manufacturers, outsourced semiconductor assembly and test (OSAT) providers, and electronics original equipment manufacturers (OEMs). The company’s product lineup includes automatic test handlers, wafer probers, test sockets, thermal subassembly systems and burn-in boards, all engineered to optimize throughput, accuracy and reliability in semiconductor production and final test.

Founded in 1947 and headquartered in Poway, California, Cohu has grown through both organic development and targeted acquisitions to become a recognized leader in test handling and interconnect technologies.