Cohu, Inc. (NASDAQ:COHU) Given Average Rating of “Moderate Buy” by Analysts

Cohu, Inc. (NASDAQ:COHU) has been assigned an average rating of “Moderate Buy” from the five ratings firms that are presently covering the company, MarketBeat reports. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $35.00.

A number of equities research analysts have recently commented on the stock. Needham & Company LLC reduced their target price on shares of Cohu from $37.00 to $33.00 and set a “buy” rating for the company in a research report on Thursday, August 1st. StockNews.com downgraded shares of Cohu from a “hold” rating to a “sell” rating in a report on Friday, August 2nd. Finally, Citigroup cut Cohu from a “buy” rating to a “neutral” rating and set a $36.00 target price on the stock. in a report on Monday, July 15th.

Cohu Price Performance

Shares of Cohu stock opened at $25.63 on Friday. The stock has a market capitalization of $1.21 billion, a P/E ratio of -512.60 and a beta of 1.53. The business has a 50 day simple moving average of $27.65 and a two-hundred day simple moving average of $30.11. Cohu has a 12 month low of $22.80 and a 12 month high of $36.60. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.95 and a quick ratio of 5.09.

Cohu (NASDAQ:COHU) last posted its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.03). The firm had revenue of $104.70 million during the quarter, compared to analyst estimates of $105.00 million. Cohu had a negative net margin of 5.70% and a positive return on equity of 1.27%. As a group, analysts predict that Cohu will post -0.41 EPS for the current fiscal year.

Hedge Funds Weigh In On Cohu

A number of institutional investors have recently bought and sold shares of the company. Inspire Advisors LLC acquired a new stake in shares of Cohu during the 1st quarter worth approximately $755,000. Vanguard Group Inc. increased its stake in Cohu by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 4,165,622 shares of the semiconductor company’s stock worth $147,421,000 after acquiring an additional 59,716 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in Cohu by 8.5% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 502,566 shares of the semiconductor company’s stock valued at $17,786,000 after purchasing an additional 39,446 shares during the period. BNP Paribas Financial Markets lifted its stake in shares of Cohu by 111.0% in the 1st quarter. BNP Paribas Financial Markets now owns 39,061 shares of the semiconductor company’s stock valued at $1,302,000 after purchasing an additional 20,549 shares during the last quarter. Finally, Sei Investments Co. grew its holdings in shares of Cohu by 11.2% during the 1st quarter. Sei Investments Co. now owns 160,259 shares of the semiconductor company’s stock worth $5,341,000 after purchasing an additional 16,159 shares during the period. 94.67% of the stock is owned by hedge funds and other institutional investors.

Cohu Company Profile

Cohu, Inc, through its subsidiaries, provides semiconductor test equipment and services in China, the United States, Taiwan, Malaysia, the Philippines, and internationally. The company supplies semiconductor test and inspection handlers, micro-electromechanical system (MEMS) test modules, test contactors, thermal sub-systems, and semiconductor automated test equipment for semiconductor manufacturers and test subcontractors.