Cohu, Inc. (NASDAQ:COHU) Receives $34.00 Consensus PT from Analysts

Shares of Cohu, Inc. (NASDAQ:COHU) have been assigned an average rating of “Moderate Buy” from the seven research firms that are currently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, one has issued a hold rating and five have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $34.00.

COHU has been the subject of a number of recent research reports. Needham & Company LLC lifted their price target on shares of Cohu from $30.00 to $33.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. Evercore initiated coverage on shares of Cohu in a report on Monday, March 16th. They set an “outperform” rating and a $35.00 price objective on the stock. Stifel Nicolaus raised their price objective on shares of Cohu from $32.00 to $34.00 and gave the stock a “buy” rating in a report on Wednesday, March 18th. Weiss Ratings reissued a “sell (d-)” rating on shares of Cohu in a report on Monday. Finally, TD Cowen raised their price objective on shares of Cohu from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Friday, February 13th.

Cohu Stock Up 1.7%

Shares of Cohu stock opened at $45.57 on Tuesday. Cohu has a 52-week low of $15.34 and a 52-week high of $46.71. The company has a 50 day moving average of $32.57 and a 200 day moving average of $27.57. The company has a quick ratio of 5.69, a current ratio of 6.88 and a debt-to-equity ratio of 0.36. The company has a market capitalization of $2.15 billion, a P/E ratio of -28.66 and a beta of 1.24.

Cohu (NASDAQ:COHU) last issued its quarterly earnings results on Thursday, February 12th. The semiconductor company reported ($0.15) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.22). Cohu had a negative return on equity of 3.76% and a negative net margin of 16.40%.The firm had revenue of $122.23 million during the quarter, compared to analysts’ expectations of $122.09 million. During the same quarter in the prior year, the firm earned ($0.15) EPS. The firm’s revenue was up 29.9% compared to the same quarter last year. As a group, research analysts forecast that Cohu will post 0.12 EPS for the current fiscal year.

Insiders Place Their Bets

In other Cohu news, SVP Christopher Bohrson sold 1,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 15th. The shares were sold at an average price of $38.00, for a total transaction of $38,000.00. Following the sale, the senior vice president owned 175,202 shares of the company’s stock, valued at approximately $6,657,676. This trade represents a 0.57% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders own 3.05% of the company’s stock.

Institutional Trading of Cohu

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in COHU. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Cohu by 3.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,214 shares of the semiconductor company’s stock worth $400,000 after purchasing an additional 905 shares in the last quarter. Caxton Associates LLP acquired a new position in shares of Cohu in the 1st quarter valued at $276,000. Jane Street Group LLC increased its holdings in shares of Cohu by 2,042.7% in the 1st quarter. Jane Street Group LLC now owns 162,674 shares of the semiconductor company’s stock valued at $2,393,000 after acquiring an additional 155,082 shares during the period. American Century Companies Inc. increased its holdings in shares of Cohu by 4.9% in the 2nd quarter. American Century Companies Inc. now owns 114,361 shares of the semiconductor company’s stock valued at $2,200,000 after acquiring an additional 5,297 shares during the period. Finally, Invesco Ltd. increased its holdings in shares of Cohu by 478.4% in the 2nd quarter. Invesco Ltd. now owns 1,175,282 shares of the semiconductor company’s stock valued at $22,612,000 after acquiring an additional 972,088 shares during the period. 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.