Cohu, Inc. (NASDAQ:COHU) Given Average Recommendation of "Hold" by Brokerages

Shares of Cohu, Inc. (NASDAQ:COHU - Get Free Report) have been given an average rating of "Hold" by the seven research firms that are currently covering the firm, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $28.43.

COHU has been the topic of several research analyst reports. Stifel Nicolaus decreased their price target on Cohu from $35.00 to $28.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. TD Cowen reduced their target price on Cohu from $27.00 to $22.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Wall Street Zen lowered Cohu from a "hold" rating to a "sell" rating in a research note on Tuesday, May 13th. Finally, Needham & Company LLC reaffirmed a "hold" rating on shares of Cohu in a research note on Friday, May 2nd.

Cohu Stock Performance

NASDAQ COHU opened at $18.20 on Friday. The company has a current ratio of 5.20, a quick ratio of 3.69 and a debt-to-equity ratio of 0.01. The business's 50 day moving average is $17.01 and its two-hundred day moving average is $19.88. Cohu has a 12-month low of $12.57 and a 12-month high of $36.60. The stock has a market capitalization of $846.30 million, a price-to-earnings ratio of -9.84 and a beta of 1.25.

Cohu (NASDAQ:COHU - Get Free Report) last released its earnings results on Thursday, May 1st. The semiconductor company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.16) by $0.14. Cohu had a negative return on equity of 3.76% and a negative net margin of 21.99%. The company had revenue of $96.80 million for the quarter, compared to analysts' expectations of $96.61 million. During the same quarter in the previous year, the firm posted $0.01 EPS. The firm's quarterly revenue was down 10.0% on a year-over-year basis. Research analysts expect that Cohu will post -0.36 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Victory Capital Management Inc. lifted its stake in shares of Cohu by 18.6% during the 1st 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 during the period. Franklin Resources Inc. lifted 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 during the period. Thrivent Financial for Lutherans lifted its stake in shares of Cohu by 78.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 2,615,235 shares of the semiconductor company's stock worth $69,827,000 after purchasing an additional 1,152,825 shares during the period. Royce & Associates LP increased its holdings 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 buying an additional 237,084 shares during the last quarter. Finally, Ameriprise Financial Inc. increased its holdings in shares of Cohu by 15.5% during the 4th quarter. Ameriprise Financial Inc. now owns 1,148,977 shares of the semiconductor company's stock worth $30,678,000 after buying an additional 154,550 shares during the last quarter. Hedge funds and other institutional investors 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.

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