Cohu, Inc. (NASDAQ:COHU) Receives $33.25 Average Price Target from Analysts

Shares of Cohu, Inc. (NASDAQ:COHU) have received an average rating of “Hold” from the six brokerages that are covering the firm, Marketbeat reports. Two analysts have rated the stock with a sell recommendation and four have assigned a buy recommendation to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $33.25.

A number of analysts have issued reports on COHU shares. TD Cowen lifted their price target on shares of Cohu from $30.00 to $35.00 and gave the company a “buy” rating in a report on Friday, February 13th. Needham & Company LLC raised their price objective on Cohu from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Stifel Nicolaus lifted their target price on Cohu from $30.00 to $32.00 and gave the stock a “buy” rating in a report on Wednesday, January 14th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cohu in a research report on Wednesday, January 21st. Finally, B. Riley Financial cut their price target on Cohu from $35.00 to $33.00 and set a “buy” rating for the company in a report on Friday, February 13th.

Institutional Investors Weigh In On Cohu

Several large investors have recently bought and sold shares of the business. Kestra Advisory Services LLC bought a new position in Cohu during the fourth quarter valued at $34,000. Farther Finance Advisors LLC raised its position in shares of Cohu by 45.0% during the 4th 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. Los Angeles Capital Management LLC bought a new position in shares of Cohu in the 4th quarter valued at about $37,000. Bessemer Group Inc. lifted 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 acquiring an additional 488 shares during the last quarter. Finally, Hantz Financial Services Inc. grew its position in Cohu by 83.7% in the third quarter. Hantz Financial Services Inc. now owns 1,569 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 715 shares in the last quarter. Institutional investors own 94.67% of the company’s stock.

Cohu Stock Up 0.8%

Shares of COHU opened at $29.78 on Monday. The business’s 50 day moving average is $28.66 and its 200 day moving average is $24.41. The company has a current ratio of 6.88, a quick ratio of 5.69 and a debt-to-equity ratio of 0.36. Cohu has a 12-month low of $12.57 and a 12-month high of $34.96. The company has a market capitalization of $1.40 billion, a PE ratio of -18.73 and a beta of 1.27.

Cohu (NASDAQ:COHU) last announced its quarterly earnings data 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 net margin of 16.40% and a negative return on equity of 3.76%. The company had revenue of $122.23 million for the quarter, compared to analysts’ expectations of $122.09 million. During the same period last year, the business earned ($0.15) earnings per share. The company’s quarterly revenue was up 29.9% compared to the same quarter last year. Research analysts expect that Cohu will post -0.36 earnings per share for the current fiscal 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.