Cohu, Inc. (NASDAQ:COHU) Receives $28.43 Consensus Price Target from Brokerages

Cohu, Inc. (NASDAQ:COHU - Get Free Report) has been assigned a consensus rating of "Hold" from the seven analysts that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $28.43.

A number of equities research analysts recently commented on the stock. Stifel Nicolaus reduced their price objective on shares of Cohu from $35.00 to $28.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. TD Cowen dropped their price objective on shares of Cohu from $27.00 to $22.00 and set a "buy" rating for the company in a research note on Friday, May 2nd. B. Riley reduced their price objective on Cohu from $34.00 to $30.00 and set a "buy" rating on the stock in a research note on Friday, February 14th. Wall Street Zen lowered Cohu from a "hold" rating to a "sell" rating in a research report on Tuesday, May 13th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Cohu in a research report on Friday, May 2nd.

Cohu Trading Down 0.2%

Shares of COHU traded down $0.04 during trading on Wednesday, reaching $17.67. 429,090 shares of the company traded hands, compared to its average volume of 406,141. The stock has a 50-day simple moving average of $15.89 and a 200-day simple moving average of $20.87. The stock has a market cap of $821.71 million, a PE ratio of -11.78 and a beta of 1.22. Cohu has a twelve month low of $12.57 and a twelve month high of $36.60. The company has a quick ratio of 4.69, a current ratio of 6.38 and a debt-to-equity ratio of 0.01.

Cohu (NASDAQ:COHU - Get Free Report) last announced its quarterly earnings data on Thursday, May 1st. The semiconductor company reported ($0.02) EPS for the quarter, topping analysts' consensus estimates of ($0.16) by $0.14. Cohu had a negative return on equity of 3.18% and a negative net margin of 17.38%. The business had revenue of $96.80 million during the quarter, compared to the consensus estimate of $96.61 million. During the same period in the previous year, the company posted $0.01 earnings per share. The business's revenue for the quarter was down 10.0% on a year-over-year basis. On average, analysts anticipate that Cohu will post -0.36 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Victory Capital Management Inc. lifted its position in shares of Cohu by 18.6% in the first quarter. Victory Capital Management Inc. now owns 3,731,981 shares of the semiconductor company's stock worth $54,897,000 after purchasing an additional 585,234 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Cohu by 1.4% during the 4th quarter. Franklin Resources Inc. now owns 3,191,263 shares of the semiconductor company's stock worth $85,207,000 after purchasing an additional 45,571 shares in the last quarter. Thrivent Financial for Lutherans raised its position in Cohu by 78.8% during the fourth quarter. Thrivent Financial for Lutherans now owns 2,615,235 shares of the semiconductor company's stock worth $69,827,000 after acquiring an additional 1,152,825 shares in the last quarter. Royce & Associates LP increased its stake in shares of Cohu by 16.4% during the 1st quarter. Royce & Associates LP now owns 1,679,478 shares of the semiconductor company's stock worth $24,705,000 after purchasing an additional 237,084 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its holdings in shares of Cohu by 15.5% in the 4th quarter. Ameriprise Financial Inc. now owns 1,148,977 shares of the semiconductor company's stock valued at $30,678,000 after purchasing an additional 154,550 shares during the period. Institutional investors and hedge funds own 94.67% of the company's stock.

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.