Cohu, Inc. (NASDAQ:COHU) Receives $34.00 Consensus Price Target from Brokerages

Shares of Cohu, Inc. (NASDAQ:COHU) have been given an average rating of “Hold” by the seven brokerages that are presently covering the company, Marketbeat reports. Two analysts have rated the stock with a sell recommendation and five have given a buy recommendation to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $34.00.

COHU has been the topic of a number of recent research reports. Needham & Company LLC lifted their target price on Cohu from $30.00 to $33.00 and gave the stock a “buy” rating in a research report on Friday, February 13th. TD Cowen upped their price target on Cohu from $30.00 to $35.00 and gave the company a “buy” rating in a report on Friday, February 13th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cohu in a research report on Wednesday, January 21st. Evercore began coverage on Cohu in a report on Monday, March 16th. They set an “outperform” rating and a $35.00 price objective on the stock. Finally, B. Riley Financial cut their target price on Cohu from $35.00 to $33.00 and set a “buy” rating for the company in a research note on Friday, February 13th.

Insider Transactions at Cohu

In other Cohu news, SVP Christopher Bohrson sold 1,000 shares of the business’s stock in a transaction on Monday, March 16th. The shares were sold at an average price of $28.57, for a total value of $28,570.00. Following the sale, the senior vice president owned 176,202 shares of the company’s stock, valued at $5,034,091.14. The trade was a 0.56% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 2.70% of the stock is owned by company insiders.

Hedge Funds Weigh In On Cohu

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Tudor Investment Corp ET AL acquired a new stake in shares of Cohu during the 3rd quarter valued at about $243,960,000. SG Capital Management LLC bought a new position in Cohu during the fourth quarter worth about $33,174,000. Invesco Ltd. lifted its stake in Cohu by 478.4% during the second 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 during the period. Tributary Capital Management LLC boosted its holdings in Cohu by 131.5% during the third quarter. Tributary Capital Management LLC now owns 1,520,386 shares of the semiconductor company’s stock valued at $30,909,000 after purchasing an additional 863,654 shares in the last quarter. Finally, Segall Bryant & Hamill LLC bought a new stake in shares of Cohu in the 4th quarter valued at approximately $9,859,000. 94.67% of the stock is owned by institutional investors.

Cohu Price Performance

NASDAQ:COHU opened at $29.98 on Friday. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.88 and a quick ratio of 5.69. Cohu has a one year low of $12.57 and a one year high of $34.96. The company has a fifty day moving average price of $29.86 and a 200 day moving average price of $25.55. The stock has a market cap of $1.41 billion, a P/E ratio of -18.86 and a beta of 1.27.

Cohu (NASDAQ:COHU) last posted its quarterly earnings results on Thursday, February 12th. The semiconductor company reported ($0.15) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.07 by ($0.22). The company had revenue of $122.23 million during the quarter, compared to analyst estimates of $122.09 million. Cohu had a negative return on equity of 3.76% and a negative net margin of 16.40%.The business’s revenue for the quarter was up 29.9% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.15) earnings per share. 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.