Cohu (NASDAQ:COHU) Stock Price Crosses Above Two Hundred Day Moving Average - Here's What Happened

Cohu, Inc. (NASDAQ:COHU - Get Free Report) crossed 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.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on COHU shares. Stifel Nicolaus dropped their target price on shares of 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 cut shares of Cohu from a "hold" rating to a "sell" rating in a report on Tuesday, May 13th. Needham & Company LLC reiterated a "hold" rating on shares of Cohu in a research report on Friday, May 2nd. Finally, TD Cowen reduced 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. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $28.43.

Cohu Stock Down 0.1%

The business's 50-day moving average price is $17.89 and its 200-day moving average price is $19.47. The company has a quick ratio of 3.69, a current ratio of 5.20 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $953.02 million, a PE ratio of -11.08 and a beta of 1.27.

Cohu (NASDAQ:COHU - Get Free Report) last posted its quarterly earnings results on Thursday, May 1st. The semiconductor company reported ($0.02) earnings per share (EPS) for the quarter, topping analysts' consensus estimates of ($0.16) by $0.14. The business had revenue of $96.80 million during the quarter, compared to analyst estimates of $96.61 million. Cohu had a negative net margin of 21.99% and a negative return on equity of 3.76%. The firm's revenue was down 10.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.01 earnings per share. As a group, equities research 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 added to or reduced their stakes in the business. Versant Capital Management Inc raised its position 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 valued at $36,000 after purchasing an additional 1,689 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Cohu by 1,225.7% in 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 purchasing an additional 1,287 shares during the period. GAMMA Investing LLC raised its position in shares of Cohu by 172.2% in 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 period. 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 purchasing an additional 1,323 shares during the period. Finally, Smartleaf Asset Management LLC raised its position 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 valued at $46,000 after purchasing an additional 1,401 shares during the period. 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.