Cohu (NASDAQ:COHU) Shares Gap Down - What's Next?

Cohu, Inc. (NASDAQ:COHU - Get Free Report) gapped down prior to trading on Monday . The stock had previously closed at $20.52, but opened at $19.72. Cohu shares last traded at $20.25, with a volume of 13,192 shares trading hands.

Analyst Upgrades and Downgrades

Several research firms have recently commented on COHU. Wall Street Zen lowered shares of Cohu from a "hold" rating to a "sell" rating in a research note on Tuesday, May 13th. Stifel Nicolaus decreased 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. Needham & Company LLC reaffirmed a "hold" rating on shares of Cohu in a research report on Friday, May 2nd. Finally, TD Cowen reduced their price objective on Cohu from $27.00 to $22.00 and set a "buy" rating on the stock in a research note on Friday, May 2nd. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $28.43.

Cohu Stock Down 3.6%

The firm has a fifty day simple moving average of $17.97 and a 200 day simple moving average of $19.33. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.69 and a current ratio of 5.20. The company has a market cap of $919.77 million, a PE ratio of -10.69 and a beta of 1.27.

Cohu (NASDAQ:COHU - Get Free Report) last issued its 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. Cohu had a negative return on equity of 3.76% and a negative net margin of 21.99%. 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 business earned $0.01 EPS. The company's revenue for the quarter was down 10.0% on a year-over-year basis. Equities research analysts predict that Cohu, Inc. will post -0.36 EPS for the current year.

Institutional Trading of Cohu

Institutional investors and hedge funds have recently bought and sold shares of the company. Tower Research Capital LLC TRC lifted its holdings 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. lifted its stake in Cohu by 3.3% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 26,309 shares of the semiconductor company's stock valued at $702,000 after purchasing an additional 837 shares during the last quarter. Vident Advisory LLC grew its holdings 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 acquiring an additional 933 shares during the last quarter. US Bancorp DE raised its holdings in Cohu by 12.9% during the 1st quarter. US Bancorp DE now owns 10,111 shares of the semiconductor company's stock worth $149,000 after buying an additional 1,159 shares during the period. Finally, Mitsubishi UFJ Asset Management Co. Ltd. lifted its position in shares of Cohu by 1,225.7% in the 4th 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 in the last quarter. Institutional investors and hedge funds 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.