Cohu (NASDAQ:COHU) Cut to Strong Sell at Zacks Research

Zacks Research downgraded shares of Cohu (NASDAQ:COHU) from a hold rating to a strong sell rating in a research report report published on Thursday,Zacks.com reports.

Several other research analysts have also recently weighed in on the company. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cohu in a research report on Wednesday, January 21st. Stifel Nicolaus boosted their price objective on shares of Cohu from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, January 14th. TD Cowen increased their target price on shares of Cohu from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Needham & Company LLC increased their price target on Cohu from $30.00 to $33.00 and gave the company a “buy” rating in a research note on Friday, February 13th. Finally, B. Riley Financial cut their target price on shares of Cohu from $35.00 to $33.00 and set a “buy” rating on the stock in a research report on Friday, February 13th. Four analysts have rated the stock with a Buy rating and two have issued a Sell rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $33.25.

Cohu Price Performance

Shares of NASDAQ COHU opened at $31.56 on Thursday. 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 cap of $1.48 billion, a PE ratio of -19.85 and a beta of 1.29. Cohu has a twelve month low of $12.57 and a twelve month high of $34.96. The business’s 50 day moving average price is $27.53 and its two-hundred day moving average price is $23.82.

Cohu (NASDAQ:COHU) last posted its quarterly earnings results on Thursday, February 12th. The semiconductor company reported ($0.15) earnings per share for the quarter, missing analysts’ consensus estimates of $0.07 by ($0.22). The business had revenue of $122.23 million during the quarter, compared to the consensus estimate of $122.09 million. Cohu had a negative net margin of 16.40% and a negative return on equity of 3.76%. The firm’s revenue was up 29.9% on a year-over-year basis. During the same quarter last year, the company posted ($0.15) EPS. On average, analysts predict that Cohu will post -0.36 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of COHU. Tudor Investment Corp ET AL purchased a new stake in shares of Cohu in the third quarter worth approximately $243,960,000. SG Capital Management LLC bought a new stake in shares of Cohu in the 4th quarter worth $33,174,000. Invesco Ltd. raised its holdings in shares of Cohu by 478.4% in the second quarter. Invesco Ltd. now owns 1,175,282 shares of the semiconductor company’s stock valued at $22,612,000 after purchasing an additional 972,088 shares during the last quarter. Tributary Capital Management LLC lifted its position in shares of 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 purchased a new position in Cohu during the fourth quarter worth about $9,859,000. 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.