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

Cohu, Inc. (NASDAQ:COHU - Get Free Report) has received an average rating of "Hold" from the seven ratings firms that are currently covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $28.43.

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

Hedge Funds Weigh In On Cohu

Institutional investors have recently bought and sold shares of the company. Versant Capital Management Inc lifted its position in shares of Cohu by 232.0% during the 1st quarter. Versant Capital Management Inc now owns 2,417 shares of the semiconductor company's stock valued at $36,000 after buying an additional 1,689 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Cohu by 1,225.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,392 shares of the semiconductor company's stock valued at $37,000 after acquiring an additional 1,287 shares during the period. GAMMA Investing LLC lifted its holdings in Cohu by 172.2% during 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. Sterling Capital Management LLC boosted its position in Cohu by 826.9% during the fourth quarter. Sterling Capital Management LLC now owns 1,483 shares of the semiconductor company's stock worth $40,000 after purchasing an additional 1,323 shares during the period. Finally, Smartleaf Asset Management LLC increased its stake in shares of Cohu by 413.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,740 shares of the semiconductor company's stock worth $46,000 after purchasing an additional 1,401 shares in the last quarter. Hedge funds and other institutional investors own 94.67% of the company's stock.

Cohu Stock Down 1.0%

NASDAQ COHU traded down $0.19 during trading hours on Friday, hitting $19.48. The company's stock had a trading volume of 297,746 shares, compared to its average volume of 410,596. The company has a market capitalization of $905.82 million, a PE ratio of -10.53 and a beta of 1.25. The company has a current ratio of 5.20, a quick ratio of 3.69 and a debt-to-equity ratio of 0.01. Cohu has a 52 week low of $12.57 and a 52 week high of $36.60. The company's 50-day simple moving average is $17.20 and its two-hundred day simple moving average is $19.78.

Cohu (NASDAQ:COHU - Get Free Report) last posted its earnings results on Thursday, May 1st. The semiconductor company reported ($0.02) earnings per share for the quarter, beating analysts' consensus estimates 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 analyst estimates of $96.61 million. During the same quarter last year, the company earned $0.01 earnings per share. The company's revenue for the quarter was down 10.0% on a year-over-year basis. Research analysts anticipate 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.