Cohu, Inc. (NASDAQ:COHU) Receives $27.17 Consensus Target Price from Analysts

Shares of Cohu, Inc. (NASDAQ:COHU - Get Free Report) have been given a consensus rating of "Moderate Buy" by the six brokerages that are covering the firm, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $27.17.

A number of equities research analysts have commented on COHU shares. Needham & Company LLC reissued a "hold" rating on shares of Cohu in a report on Friday, May 2nd. Stifel Nicolaus decreased their price objective on shares of Cohu from $35.00 to $28.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Wall Street Zen lowered shares of Cohu from a "hold" rating to a "sell" rating in a research note on Tuesday, May 13th. Finally, TD Cowen reduced their target price on shares of Cohu from $27.00 to $22.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd.

Institutional Trading of Cohu

Hedge funds have recently bought and sold shares of the stock. Parallel Advisors LLC raised its holdings in Cohu by 869.6% during the 2nd quarter. Parallel Advisors LLC now owns 1,755 shares of the semiconductor company's stock worth $34,000 after buying an additional 1,574 shares during the period. Versant Capital Management Inc raised its holdings in shares of Cohu by 232.0% in the first quarter. Versant Capital Management Inc now owns 2,417 shares of the semiconductor company's stock valued at $36,000 after purchasing an additional 1,689 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Cohu by 1,225.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,392 shares of the semiconductor company's stock valued at $37,000 after purchasing an additional 1,287 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Cohu by 172.2% in the first quarter. GAMMA Investing LLC now owns 2,659 shares of the semiconductor company's stock valued at $39,000 after purchasing an additional 1,682 shares during the last quarter. Finally, Sterling Capital Management LLC raised its holdings in shares of Cohu by 826.9% in the fourth quarter. Sterling Capital Management LLC now owns 1,483 shares of the semiconductor company's stock valued at $40,000 after purchasing an additional 1,323 shares during the last quarter. 94.67% of the stock is currently owned by institutional investors and hedge funds.

Cohu Stock Performance

Cohu stock traded down $0.38 during mid-day trading on Thursday, reaching $19.65. The company had a trading volume of 354,061 shares, compared to its average volume of 408,630. The company has a quick ratio of 3.69, a current ratio of 5.20 and a debt-to-equity ratio of 0.01. Cohu has a 52 week low of $12.57 and a 52 week high of $34.22. The company has a 50 day moving average of $18.65 and a 200-day moving average of $19.02. The firm has a market cap of $913.73 million, a price-to-earnings ratio of -10.62 and a beta of 1.27.

Cohu (NASDAQ:COHU - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The semiconductor company reported ($0.02) earnings per share (EPS) for the quarter, beating analysts' consensus estimates of ($0.16) by $0.14. The company had revenue of $96.80 million during the quarter, compared to analysts' expectations of $96.61 million. Cohu had a negative net margin of 21.99% and a negative return on equity of 3.76%. The business's revenue was down 10.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.01 EPS. On average, sell-side analysts expect that Cohu will post -0.36 EPS 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.