Cohu (NASDAQ:COHU) Coverage Initiated by Analysts at Evercore

Evercore initiated coverage on shares of Cohu (NASDAQ:COHU) in a report issued on Monday morning, MarketBeat Ratings reports. The brokerage issued an outperform rating and a $35.00 price objective on the semiconductor company’s stock.

Several other equities research analysts also recently weighed in on the company. B. Riley Financial lowered 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. Zacks Research downgraded shares of Cohu from a “hold” rating to a “strong sell” rating in a report on Thursday, February 19th. TD Cowen increased their price objective on shares of Cohu from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Needham & Company LLC lifted their target price 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. Finally, Weiss Ratings reissued a “sell (d-)” rating on shares of Cohu in a research report on Wednesday, January 21st. Five investment analysts have rated the stock with a Buy rating and two have given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $33.60.

Cohu Stock Performance

Shares of COHU opened at $28.58 on Monday. The company has a current ratio of 6.88, a quick ratio of 5.69 and a debt-to-equity ratio of 0.36. The firm has a market cap of $1.34 billion, a PE ratio of -17.97 and a beta of 1.27. Cohu has a 12 month low of $12.57 and a 12 month high of $34.96. The stock has a fifty day moving average price of $29.35 and a 200-day moving average price of $24.90.

Cohu (NASDAQ:COHU) last announced its earnings results on Thursday, February 12th. The semiconductor company reported ($0.15) earnings per share for the quarter, missing the consensus estimate 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 business had revenue of $122.23 million for the quarter, compared to analysts’ expectations of $122.09 million. During the same quarter last year, the firm earned ($0.15) earnings per share. The firm’s quarterly revenue was up 29.9% compared to the same quarter last year. Equities research analysts predict that Cohu will post -0.36 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Bessemer Group Inc. raised its stake in shares of Cohu by 45.4% in the third 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. Hantz Financial Services Inc. boosted 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 valued at $32,000 after buying an additional 715 shares during the last quarter. Farther Finance Advisors LLC boosted its position in Cohu by 45.0% in the fourth 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 during the last quarter. Kestra Advisory Services LLC acquired a new position in Cohu in the 4th quarter worth approximately $34,000. Finally, Los Angeles Capital Management LLC purchased a new position in Cohu during the 4th quarter worth approximately $37,000. 94.67% of the stock is owned by institutional investors and hedge funds.

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.