Cohu, Inc. (NASDAQ:COHU) Given Average Recommendation of "Buy" by Analysts

Key Points

• Analysts maintain a bullish view of Cohu: Ten analysts give the stock an average “Buy” rating, with a consensus 12-month price target of $68.75. Recent targets range from $65 to $80.
• Cohu shares fell 6.4% to $50.88 in mid-day trading, while the stock remains well above its 12-month low of $18.67 but below its high of $74.60.
• The semiconductor test-equipment company exceeded quarterly expectations, reporting $0.26 EPS and $149 million in revenue; revenue increased 38.3% year over year. Insiders sold $1.63 million of shares over the past three months, while institutional investors own 94.67% of the stock.

Shares of Cohu, Inc. (NASDAQ:COHU - Get Free Report) have been given an average rating of "Buy" by the ten ratings firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell recommendation, seven have given a buy recommendation and two have given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $68.75.

A number of analysts have commented on COHU shares. Jefferies Financial Group reaffirmed a "buy" rating and set a $74.00 price target on shares of Cohu in a research report on Friday, July 31st. Craig Hallum reissued a "buy" rating and issued a $74.00 price objective on shares of Cohu in a research note on Friday, July 31st. TD Cowen upped their target price on Cohu from $60.00 to $80.00 and gave the company a "buy" rating in a research report on Tuesday, June 16th. Stifel Nicolaus upped their target price on Cohu from $50.00 to $70.00 and gave the company a "buy" rating in a research report on Friday, July 10th. Finally, Needham & Company LLC raised their target price on Cohu from $54.00 to $65.00 and gave the stock a "buy" rating in a research note on Friday, July 31st.

Cohu Trading Down 6.4%

Cohu stock traded down $3.49 during mid-day trading on Monday, hitting $50.88. 76,514 shares of the stock were exchanged, compared to its average volume of 1,129,630. The company has a quick ratio of 4.72, a current ratio of 5.74 and a debt-to-equity ratio of 0.37. Cohu has a 12 month low of $18.67 and a 12 month high of $74.60. The firm's fifty day simple moving average is $56.82 and its two-hundred day simple moving average is $45.26. The stock has a market capitalization of $2.41 billion, a price-to-earnings ratio of -61.31 and a beta of 1.59.

Cohu (NASDAQ:COHU - Get Free Report) last posted its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $0.26 EPS for the quarter, beating analysts' consensus estimates of $0.14 by $0.12. Cohu had a negative net margin of 7.43% and a negative return on equity of 1.96%. The company had revenue of $149.00 million for the quarter, compared to analyst estimates of $144.20 million. During the same period in the prior year, the firm posted $0.02 EPS. The company's quarterly revenue was up 38.3% on a year-over-year basis. Analysts forecast that Cohu will post 0.47 EPS for the current year.

Insiders Place Their Bets

In related news, Director Nina Richardson sold 3,055 shares of the business's stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $51.54, for a total transaction of $157,454.70. Following the transaction, the director owned 39,093 shares in the company, valued at $2,014,853.22. The trade was a 7.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Andrew M. Caggia sold 15,252 shares of the business's stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $51.74, for a total transaction of $789,138.48. Following the transaction, the director owned 64,778 shares in the company, valued at $3,351,613.72. The trade was a 19.06% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 30,307 shares of company stock worth $1,630,573. Corporate insiders own 3.05% of the company's stock.

Institutional Investors Weigh In On Cohu

Several hedge funds and other institutional investors have recently bought and sold shares of COHU. Hollencrest Capital Management acquired a new position in shares of Cohu during the first quarter valued at about $31,000. Farther Finance Advisors LLC grew its stake in shares of Cohu by 45.0% in the 4th quarter. Farther Finance Advisors LLC now owns 1,456 shares of the semiconductor company's stock valued at $34,000 after buying an additional 452 shares during the period. Kestra Advisory Services LLC acquired a new stake in shares of Cohu in the 4th quarter valued at about $34,000. Nykredit A S bought a new stake in Cohu in the 2nd quarter valued at about $36,000. Finally, Los Angeles Capital Management LLC bought a new stake in Cohu in the 4th quarter valued at about $37,000. 94.67% of the stock is owned by 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.

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