Brokerages Set Cohu, Inc. (NASDAQ:COHU) Price Target at $31.50

Shares of Cohu, Inc. (NASDAQ:COHU) have earned an average rating of “Hold” from the six analysts that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating on the company. The average 12 month price target among analysts that have covered the stock in the last year is $31.50.

A number of brokerages recently weighed in on COHU. Needham & Company LLC lowered shares of Cohu from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. 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 lowered their price target on Cohu from $36.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Finally, The Goldman Sachs Group decreased their price objective on Cohu from $26.00 to $23.00 and set a “sell” rating on the stock in a report on Friday, November 1st.

Hedge Funds Weigh In On Cohu

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Franklin Resources Inc. increased its holdings in shares of Cohu by 25.9% during the 3rd quarter. Franklin Resources Inc. now owns 3,145,692 shares of the semiconductor company’s stock worth $82,134,000 after buying an additional 647,828 shares during the last quarter. Victory Capital Management Inc. grew its position in Cohu by 7.1% in the third quarter. Victory Capital Management Inc. now owns 3,358,288 shares of the semiconductor company’s stock worth $86,308,000 after acquiring an additional 224,022 shares during the period. Royce & Associates LP increased its stake in Cohu by 21.4% during the third quarter. Royce & Associates LP now owns 1,126,789 shares of the semiconductor company’s stock worth $28,958,000 after acquiring an additional 198,849 shares during the last quarter. Tributary Capital Management LLC raised its position in Cohu by 46.4% in the third quarter. Tributary Capital Management LLC now owns 521,047 shares of the semiconductor company’s stock valued at $13,391,000 after purchasing an additional 165,135 shares during the period. Finally, Thrivent Financial for Lutherans raised its position in Cohu by 11.6% in the third quarter. Thrivent Financial for Lutherans now owns 1,462,410 shares of the semiconductor company’s stock valued at $37,584,000 after purchasing an additional 152,574 shares during the period. Institutional investors and hedge funds own 94.67% of the company’s stock.

Cohu Stock Down 2.1 %

Shares of COHU opened at $23.95 on Thursday. The firm has a market cap of $1.12 billion, a P/E ratio of -22.18 and a beta of 1.47. Cohu has a 12 month low of $22.80 and a 12 month high of $36.60. The stock’s 50 day moving average is $26.12 and its two-hundred day moving average is $26.58. The company has a current ratio of 6.38, a quick ratio of 4.69 and a debt-to-equity ratio of 0.01.

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

About Cohu

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.