Cohu (NASDAQ:COHU) Stock Passes Above Two Hundred Day Moving Average - Should You Sell?

Shares of Cohu, Inc. (NASDAQ:COHU - Get Free Report) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of $19.51 and traded as high as $19.79. Cohu shares last traded at $19.24, with a volume of 263,620 shares trading hands.

Wall Street Analysts Forecast Growth

Several analysts recently commented on COHU shares. Stifel Nicolaus dropped 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. Wall Street Zen lowered Cohu from a "hold" rating to a "sell" rating in a research report on Tuesday, May 13th. Needham & Company LLC reaffirmed a "hold" rating on shares of Cohu in a report on Friday, May 2nd. Finally, TD Cowen decreased 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. Two analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Cohu presently has an average rating of "Hold" and an average price target of $28.43.

Cohu Stock Down 0.1%

The stock has a market cap of $953.02 million, a price-to-earnings ratio of -11.08 and a beta of 1.27. The business's 50 day moving average is $17.97 and its 200-day moving average is $19.42. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.69 and a current ratio of 5.20.

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. Cohu had a negative net margin of 21.99% and a negative return on equity of 3.76%. The business had revenue of $96.80 million during the quarter, compared to analysts' expectations of $96.61 million. During the same quarter in the previous year, the company earned $0.01 earnings per share. The company's quarterly revenue was down 10.0% on a year-over-year basis. On average, sell-side analysts predict that Cohu, Inc. will post -0.36 EPS for the current fiscal year.

Hedge Funds Weigh In On Cohu

Several hedge funds and other institutional investors have recently made changes to their positions in COHU. Versant Capital Management Inc raised its stake in Cohu by 232.0% in the 1st quarter. Versant Capital Management Inc now owns 2,417 shares of the semiconductor company's stock valued at $36,000 after purchasing an additional 1,689 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of 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 worth $37,000 after buying an additional 1,287 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Cohu by 172.2% during the first quarter. GAMMA Investing LLC now owns 2,659 shares of the semiconductor company's stock worth $39,000 after buying an additional 1,682 shares in the last quarter. Sterling Capital Management LLC raised its position in shares of Cohu by 826.9% in 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. Finally, Smartleaf Asset Management LLC lifted 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 buying an additional 1,401 shares in the last quarter. 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.