Cohu, Inc. (NASDAQ:COHU) Given Consensus Recommendation of “Moderate Buy” by Brokerages

Shares of Cohu, Inc. (NASDAQ:COHU) have been given a consensus recommendation of “Moderate Buy” by the six research firms that are covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $31.50.

A number of brokerages have commented on COHU. The Goldman Sachs Group lowered their price target on Cohu from $26.00 to $23.00 and set a “sell” rating for the company in a research report on Friday, November 1st. Craig Hallum raised Cohu from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a report on Friday, November 1st. TD Cowen cut their price target on shares of Cohu from $36.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Finally, Needham & Company LLC lifted their price objective on shares of Cohu from $27.00 to $30.00 and gave the company a “buy” rating in a research note on Friday, November 1st.

Cohu Stock Performance

COHU opened at $26.83 on Friday. The company has a market cap of $1.25 billion, a P/E ratio of -24.84 and a beta of 1.51. The company has a quick ratio of 4.69, a current ratio of 6.38 and a debt-to-equity ratio of 0.01. The firm’s 50-day moving average price is $26.49 and its 200-day moving average price is $27.61. Cohu has a 52-week low of $22.80 and a 52-week high of $36.60.

Cohu (NASDAQ:COHU) last issued its quarterly earnings results on Thursday, October 31st. The semiconductor company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.02). Cohu had a negative net margin of 11.35% and a negative return on equity of 1.01%. The company had revenue of $95.30 million for the quarter, compared to analyst estimates of $95.75 million. During the same quarter in the previous year, the company posted $0.27 EPS. The company’s revenue for the quarter was down 36.8% compared to the same quarter last year. As a group, equities analysts anticipate that Cohu will post -0.46 EPS for the current fiscal year.

Insider Buying and Selling

In other Cohu news, Director Nina Richardson sold 4,999 shares of the company’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $24.14, for a total value of $120,675.86. Following the completion of the transaction, the director now owns 28,313 shares in the company, valued at approximately $683,475.82. This represents a 15.01 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders have sold a total of 5,599 shares of company stock valued at $136,724 over the last ninety days. Company insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On Cohu

A number of large investors have recently bought and sold shares of the business. Signaturefd LLC lifted its position in shares of Cohu by 1,256.3% during the 2nd quarter. Signaturefd LLC now owns 868 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 804 shares in the last quarter. First Horizon Advisors Inc. grew its stake in Cohu by 49.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,622 shares of the semiconductor company’s stock valued at $42,000 after acquiring an additional 535 shares in the last quarter. Mackenzie Financial Corp increased its holdings in shares of Cohu by 5.6% in the second quarter. Mackenzie Financial Corp now owns 7,939 shares of the semiconductor company’s stock valued at $263,000 after purchasing an additional 419 shares during the last quarter. Creative Planning purchased a new stake in Cohu in the 2nd quarter valued at $282,000. Finally, US Bancorp DE grew its holdings in shares of Cohu by 59.7% in the third quarter. US Bancorp DE now owns 8,823 shares of the semiconductor company’s stock valued at $227,000 after purchasing an additional 3,297 shares during the period. Institutional investors and hedge funds own 94.67% of the company’s stock.

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.