Cohu (NASDAQ:COHU) Lowered to "Sell" Rating by StockNews.com

StockNews.com downgraded shares of Cohu (NASDAQ:COHU - Free Report) from a hold rating to a sell rating in a research report sent to investors on Tuesday morning.

A number of other research analysts have also issued reports on the company. B. Riley reduced their price objective on Cohu from $34.00 to $30.00 and set a "buy" rating for the company in a research report on Friday, February 14th. TD Cowen cut their price objective on Cohu from $27.00 to $22.00 and set a "buy" rating for the company in a report on Friday, May 2nd. Needham & Company LLC reaffirmed a "hold" rating on shares of Cohu in a research report on Friday, May 2nd. Finally, Stifel Nicolaus cut their target price on Cohu from $35.00 to $28.00 and set a "buy" rating on the stock in a research report on Friday, May 2nd. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $28.43.

Cohu Stock Performance

Shares of COHU traded down $0.07 during mid-day trading on Tuesday, hitting $17.76. The stock had a trading volume of 312,600 shares, compared to its average volume of 405,157. The company has a market cap of $825.89 million, a PE ratio of -11.84 and a beta of 1.22. The company's fifty day simple moving average is $15.80 and its two-hundred day simple moving average is $21.35. 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 fifty-two week low of $12.57 and a fifty-two week high of $36.60.

Cohu (NASDAQ:COHU - Get Free Report) last issued its earnings results on Thursday, May 1st. The semiconductor company reported ($0.02) EPS for the quarter, topping the consensus estimate 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 company had revenue of $96.80 million during the quarter, compared to analyst estimates of $96.61 million. During the same quarter last year, the firm earned $0.01 EPS. The business's revenue was down 10.0% on a year-over-year basis. On average, equities analysts expect that Cohu will post -0.36 earnings per share for the current year.

Institutional Investors Weigh In On Cohu

Several hedge funds and other institutional investors have recently made changes to their positions in COHU. Tower Research Capital LLC TRC boosted its position in shares of Cohu by 14.5% in the 4th quarter. Tower Research Capital LLC TRC now owns 3,842 shares of the semiconductor company's stock worth $103,000 after purchasing an additional 486 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Cohu by 3.3% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,309 shares of the semiconductor company's stock worth $702,000 after purchasing an additional 837 shares during the last quarter. Vident Advisory LLC boosted its position in shares of Cohu by 5.3% in the 4th quarter. Vident Advisory LLC now owns 18,450 shares of the semiconductor company's stock worth $493,000 after purchasing an additional 933 shares during the last quarter. KBC Group NV lifted its holdings in Cohu by 75.7% during the fourth quarter. KBC Group NV now owns 2,627 shares of the semiconductor company's stock worth $70,000 after acquiring an additional 1,132 shares in the last quarter. Finally, US Bancorp DE lifted its holdings in Cohu by 12.9% during the first quarter. US Bancorp DE now owns 10,111 shares of the semiconductor company's stock worth $149,000 after acquiring an additional 1,159 shares in the last quarter. 94.67% of the stock is owned by institutional investors and hedge funds.

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.