Brokerages Set Cohu, Inc. (NASDAQ:COHU) Price Target at $27.17

Key Points

• Cohu, Inc. has received a consensus rating of "Moderate Buy" from analysts, with four out of six ratings firms issuing buy recommendations and an average price target set at $27.17.
• Recent financial reports indicate that Cohu topped analysts' earnings expectations by reporting $0.02 EPS, with revenues of $107.68 million during the last quarter, marking a 2.9% increase year-over-year.
• Institutional investments in Cohu have surged, with several firms, including Parallel Advisors LLC and GAMMA Investing LLC, significantly increasing their stakes, leading to institutional ownership now at 94.67%.

Cohu, Inc. (NASDAQ:COHU - Get Free Report) has earned a consensus rating of "Moderate Buy" from the six research firms that are covering the firm, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $27.1667.

Several equities analysts have issued reports on the stock. Wall Street Zen downgraded shares of Cohu from a "hold" rating to a "sell" rating in a report on Tuesday, May 13th. TD Cowen cut their price objective on shares of 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 restated a "hold" rating on shares of Cohu in a research report on Friday, May 2nd. Finally, Stifel Nicolaus dropped their price target 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.

Institutional Trading of Cohu

Several institutional investors and hedge funds have recently bought and sold shares of COHU. Victory Capital Management Inc. increased its stake in Cohu by 18.6% in the 1st quarter. Victory Capital Management Inc. now owns 3,731,981 shares of the semiconductor company's stock valued at $54,897,000 after buying an additional 585,234 shares during the period. Royce & Associates LP increased its stake in Cohu by 16.4% in the 1st quarter. Royce & Associates LP now owns 1,679,478 shares of the semiconductor company's stock valued at $24,705,000 after buying an additional 237,084 shares during the period. Frontier Capital Management Co. LLC increased its stake in Cohu by 20.0% in the 2nd quarter. Frontier Capital Management Co. LLC now owns 1,355,973 shares of the semiconductor company's stock valued at $26,089,000 after buying an additional 226,453 shares during the period. Invesco Ltd. increased its stake in Cohu by 478.4% in the 2nd quarter. Invesco Ltd. now owns 1,175,282 shares of the semiconductor company's stock valued at $22,612,000 after buying an additional 972,088 shares during the period. Finally, Geode Capital Management LLC increased its stake in Cohu by 4.6% in the 2nd quarter. Geode Capital Management LLC now owns 1,167,208 shares of the semiconductor company's stock valued at $22,459,000 after buying an additional 50,907 shares during the period. Hedge funds and other institutional investors own 94.67% of the company's stock.

Cohu Stock Performance

Shares of NASDAQ:COHU traded down $0.46 during midday trading on Monday, reaching $20.67. The company's stock had a trading volume of 88,813 shares, compared to its average volume of 467,047. The stock has a fifty day moving average of $19.34 and a 200 day moving average of $18.24. Cohu has a twelve month low of $12.57 and a twelve month high of $29.42. The firm has a market capitalization of $965.06 million, a PE ratio of -11.05 and a beta of 1.25. The company has a quick ratio of 3.51, a current ratio of 4.88 and a debt-to-equity ratio of 0.01.

Cohu (NASDAQ:COHU - Get Free Report) last announced its quarterly earnings results on Thursday, July 31st. The semiconductor company reported $0.02 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.02) by $0.04. The firm had revenue of $107.68 million for the quarter, compared to the consensus estimate of $106.00 million. Cohu had a negative net margin of 22.11% and a negative return on equity of 3.74%. The firm's quarterly revenue was up 2.9% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.01) earnings per share. On average, equities analysts expect that Cohu will post -0.36 EPS for the current fiscal year.

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.