Brokerages Set Cohu, Inc. (NASDAQ:COHU) Target Price at $31.75

Cohu, Inc. (NASDAQ:COHU) has earned an average rating of “Moderate Buy” from the five research firms that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation and four have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued ratings on the stock in the last year is $31.75.

A number of analysts have recently issued reports on the company. B. Riley Financial boosted their price objective on Cohu from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Monday, January 26th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cohu in a research note on Wednesday, January 21st. Needham & Company LLC upgraded shares of Cohu from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research note on Tuesday, January 6th. Stifel Nicolaus raised their price objective on shares of Cohu from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, January 14th. Finally, TD Cowen reiterated a “buy” rating on shares of Cohu in a research report on Thursday, October 30th.

Cohu Stock Up 6.6%

COHU stock opened at $30.85 on Thursday. Cohu has a twelve month low of $12.57 and a twelve month high of $31.00. The company has a quick ratio of 3.24, a current ratio of 4.39 and a debt-to-equity ratio of 0.01. The company has a market cap of $1.44 billion, a PE ratio of -19.65 and a beta of 1.29. The business’s 50-day simple moving average is $26.20 and its 200 day simple moving average is $22.95.

Hedge Funds Weigh In On Cohu

Several hedge funds and other institutional investors have recently modified their holdings of COHU. US Bancorp DE grew its position in Cohu by 4.6% in the third quarter. US Bancorp DE now owns 9,847 shares of the semiconductor company’s stock valued at $200,000 after acquiring an additional 432 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of Cohu by 45.0% in the 4th quarter. Farther Finance Advisors LLC now owns 1,456 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 452 shares in the last quarter. Amalgamated Bank boosted its stake in shares of Cohu by 3.4% in the 3rd quarter. Amalgamated Bank now owns 13,712 shares of the semiconductor company’s stock valued at $279,000 after purchasing an additional 457 shares in the last quarter. Bessemer Group Inc. grew 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 worth $31,000 after purchasing an additional 488 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co increased its position in shares of Cohu by 0.9% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 65,233 shares of the semiconductor company’s stock worth $1,255,000 after purchasing an additional 576 shares in the last quarter. Institutional investors 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.