Cohu, Inc. (NASDAQ:COHU) Receives Average Recommendation of "Hold" from Brokerages

Shares of Cohu, Inc. (NASDAQ:COHU - Get Free Report) have been given a consensus recommendation of "Hold" by the seven analysts that are currently covering the firm, Marketbeat 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 1 year target price among analysts that have issued a report on the stock in the last year is $28.43.

Several analysts recently issued reports on the company. TD Cowen cut their target price on Cohu from $27.00 to $22.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Needham & Company LLC reiterated a "hold" rating on shares of Cohu in a report on Friday, May 2nd. B. Riley dropped their price objective on shares of Cohu from $34.00 to $30.00 and set a "buy" rating for the company in a report on Friday, February 14th. Stifel Nicolaus reduced their target price on Cohu from $35.00 to $28.00 and set a "buy" rating on the stock in a report on Friday, May 2nd. Finally, StockNews.com raised Cohu from a "sell" rating to a "hold" rating in a research note on Monday.

Cohu Stock Performance

COHU traded up $0.23 during midday trading on Friday, reaching $16.07. The company had a trading volume of 32,053 shares, compared to its average volume of 397,104. The business has a 50-day moving average of $15.80 and a two-hundred day moving average of $21.80. 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 has a 1 year low of $12.57 and a 1 year high of $36.60. The company has a market cap of $747.90 million, a P/E ratio of -10.71 and a beta of 1.22.

Cohu (NASDAQ:COHU - Get Free Report) last released its earnings results on Thursday, May 1st. The semiconductor company reported ($0.02) EPS for the quarter, topping analysts' consensus estimates of ($0.16) by $0.14. The company had revenue of $96.80 million for the quarter, compared to analysts' expectations of $96.61 million. Cohu had a negative net margin of 17.38% and a negative return on equity of 3.18%. The firm's revenue was down 10.0% compared to the same quarter last year. During the same quarter last year, the business earned $0.01 EPS. As a group, equities research analysts predict that Cohu will post -0.36 earnings per share for the current fiscal year.

Institutional Trading of Cohu

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Mitsubishi UFJ Asset Management Co. Ltd. increased its position in Cohu by 1,225.7% during 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 acquiring an additional 1,287 shares during the last quarter. Sterling Capital Management LLC grew its stake in shares of Cohu by 826.9% during the fourth quarter. Sterling Capital Management LLC now owns 1,483 shares of the semiconductor company's stock valued at $40,000 after buying an additional 1,323 shares during the last quarter. Smartleaf Asset Management LLC grew its stake in shares of Cohu by 413.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,740 shares of the semiconductor company's stock valued at $46,000 after buying an additional 1,401 shares during the last quarter. 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 worth $36,000 after buying an additional 1,689 shares during the period. Finally, KBC Group NV boosted its holdings in Cohu by 75.7% during the 4th quarter. KBC Group NV now owns 2,627 shares of the semiconductor company's stock valued at $70,000 after acquiring an additional 1,132 shares during the period. Hedge funds and other institutional investors own 94.67% of the company's stock.

Cohu Company Profile

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.