Cohu (NASDAQ:COHU) Given New $34.00 Price Target at Stifel Nicolaus

Cohu (NASDAQ:COHU) had its target price lifted by Stifel Nicolaus from $32.00 to $34.00 in a report issued on Wednesday,Benzinga reports. The brokerage currently has a buy rating on the semiconductor company’s stock.

A number of other equities research analysts also recently issued reports 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 research report on Friday, February 13th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cohu in a research note on Wednesday, January 21st. TD Cowen boosted their target price on Cohu from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Evercore assumed coverage on shares of Cohu in a research report on Monday. They set an “outperform” rating and a $35.00 target price for the company. Finally, Zacks Research lowered shares of Cohu from a “hold” rating to a “strong sell” rating in a report on Thursday, February 19th. Five investment analysts have rated the stock with a Buy rating and two have assigned a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $34.00.

Cohu Stock Up 5.5%

Shares of COHU opened at $30.46 on Wednesday. The firm has a market cap of $1.43 billion, a PE ratio of -19.16 and a beta of 1.27. The company’s fifty day moving average is $29.46 and its two-hundred day moving average is $25.00. Cohu has a fifty-two week low of $12.57 and a fifty-two week high of $34.96. The company has a quick ratio of 5.69, a current ratio of 6.88 and a debt-to-equity ratio of 0.36.

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 the consensus estimate of $0.07 by ($0.22). The company had revenue of $122.23 million for the quarter, compared to analysts’ expectations 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 quarterly revenue was up 29.9% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.15) earnings per share. Analysts forecast that Cohu will post -0.36 earnings per share for the current year.

Insider Activity at Cohu

In other Cohu news, SVP Christopher Bohrson sold 1,000 shares of the business’s stock in a transaction dated Monday, March 16th. The stock was sold at an average price of $28.57, for a total transaction of $28,570.00. Following the transaction, the senior vice president owned 176,202 shares in the company, valued at $5,034,091.14. The trade was a 0.56% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 2.86% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Cohu

Several hedge funds have recently modified their holdings of COHU. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its holdings in Cohu by 3.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,214 shares of the semiconductor company’s stock worth $400,000 after acquiring an additional 905 shares during the period. Caxton Associates LLP purchased a new stake in shares of Cohu during the first quarter valued at approximately $276,000. Jane Street Group LLC lifted its position in shares of Cohu by 2,042.7% during the first quarter. Jane Street Group LLC now owns 162,674 shares of the semiconductor company’s stock worth $2,393,000 after purchasing an additional 155,082 shares in the last quarter. Savant Capital LLC acquired a new position in shares of Cohu during the second quarter worth $236,000. Finally, Connor Clark & Lunn Investment Management Ltd. purchased a new position in shares of Cohu in the second quarter valued at $678,000. 94.67% of the stock is currently owned by hedge funds and other institutional investors.

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.