Cohu (NASDAQ:COHU) Stock Crosses Above 200-Day Moving Average – Here’s What Happened

Cohu, Inc. (NASDAQ:COHU) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $22.59 and traded as high as $29.63. Cohu shares last traded at $28.54, with a volume of 562,101 shares changing hands.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. B. Riley upped their target price on Cohu from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Monday. TD Cowen reissued a “buy” rating on shares of Cohu in a report on Thursday, October 30th. Stifel Nicolaus upped their price objective on Cohu from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. Needham & Company LLC raised shares of Cohu from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Tuesday, January 6th. Finally, Weiss Ratings reiterated a “sell (d-)” rating on shares of Cohu in a research note on Wednesday, January 21st. Four equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. According to data from MarketBeat, Cohu currently has an average rating of “Moderate Buy” and an average target price of $31.75.

Cohu Stock Down 2.8%

The stock has a market cap of $1.33 billion, a price-to-earnings ratio of -18.18 and a beta of 1.27. The business’s 50 day moving average is $25.63 and its 200-day moving average is $22.59. 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 data on Wednesday, October 29th. The semiconductor company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.13. The business had revenue of $126.25 million for the quarter, compared to the consensus estimate of $124.98 million. Cohu had a negative net margin of 17.22% and a negative return on equity of 3.73%. The company’s revenue was up 32.5% compared to the same quarter last year. During the same period last year, the firm posted ($0.08) earnings per share. On average, sell-side analysts predict that Cohu, Inc. will post -0.36 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently modified their holdings of COHU. Bessemer Group Inc. raised its holdings in shares of Cohu by 45.4% in the 3rd quarter. Bessemer Group Inc. now owns 1,564 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 488 shares in the last quarter. Hantz Financial Services Inc. increased its holdings in Cohu by 83.7% in the third quarter. Hantz Financial Services Inc. now owns 1,569 shares of the semiconductor company’s stock valued at $32,000 after buying an additional 715 shares during the last quarter. Farther Finance Advisors LLC raised its stake in Cohu by 45.0% in the fourth quarter. Farther Finance Advisors LLC now owns 1,456 shares of the semiconductor company’s stock valued at $34,000 after buying an additional 452 shares in the last quarter. Smartleaf Asset Management LLC raised its stake in Cohu by 202.7% in the second quarter. Smartleaf Asset Management LLC now owns 2,113 shares of the semiconductor company’s stock valued at $41,000 after buying an additional 1,415 shares in the last quarter. Finally, Quadrant Capital Group LLC purchased a new stake in Cohu during the 3rd quarter worth about $81,000. Institutional investors and hedge funds own 94.67% of the company’s stock.

Cohu Company Profile

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.