Cohu, Inc. (NASDAQ:COHU) Stock Has Average Price Target of $68.75 According to Brokerages

Key Points

• Analysts maintain a “Moderate Buy” consensus on Cohu, with seven buy ratings, one strong buy, one hold and one sell. The average 12-month price target is $68.75.
• Cohu shares fell 3.0% to $63.24, but remain well above their 50-day and 200-day moving averages. The stock has traded between $20.52 and $75.72 over the past year.
• The company beat quarterly expectations, reporting adjusted EPS of $0.26 versus a $0.14 estimate and revenue of $149 million, up 38.3% year over year. Meanwhile, insiders sold shares largely to cover tax obligations, while institutional investors own 94.67% of the stock.

Shares of Cohu, Inc. (NASDAQ:COHU - Get Free Report) have earned a consensus recommendation of "Moderate Buy" from the ten analysts that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation, seven have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price target among analysts that have covered the stock in the last year is $68.75.

COHU has been the subject of a number of recent analyst reports. Zacks Research cut shares of Cohu from a "strong-buy" rating to a "hold" rating in a research report on Friday, August 28th. B. Riley Financial upped their price target on Cohu from $65.00 to $69.00 and gave the stock a "buy" rating in a report on Friday, July 31st. TD Cowen increased their price objective on shares of Cohu from $60.00 to $80.00 and gave the company a "buy" rating in a research report on Tuesday, June 16th. Weiss Ratings reiterated a "sell (d-)" rating on shares of Cohu in a report on Friday, July 17th. Finally, Robert W. Baird began coverage on shares of Cohu in a research note on Wednesday, July 8th. They set an "outperform" rating and a $65.00 price target on the stock.

Insider Buying and Selling at Cohu

In other Cohu news, CEO Luis Muller sold 55,794 shares of the company's stock in a transaction that occurred on Monday, September 21st. The stock was sold at an average price of $60.00, for a total transaction of $3,347,640.00. Following the completion of the sale, the chief executive officer directly owned 871,825 shares of the company's stock, valued at $52,309,500. This represents a 6.01% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Christopher Bohrson sold 10,000 shares of the company's stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $55.82, for a total value of $558,200.00. Following the sale, the senior vice president owned 159,702 shares of the company's stock, valued at $8,914,565.64. This trade represents a 5.89% decrease in their position. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 133,999 shares of company stock valued at $8,265,999. Insiders own 3.05% of the company's stock.

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes in COHU. GAMMA Investing LLC raised its stake in shares of Cohu by 8.3% during the 3rd quarter. GAMMA Investing LLC now owns 8,366 shares of the semiconductor company's stock worth $570,000 after buying an additional 641 shares in the last quarter. Farther Finance Advisors LLC raised its position in Cohu by 148.7% during the third quarter. Farther Finance Advisors LLC now owns 2,972 shares of the semiconductor company's stock worth $203,000 after acquiring an additional 1,777 shares during the last quarter. CoreCap Advisors LLC lifted its stake in Cohu by 150.0% in the 3rd quarter. CoreCap Advisors LLC now owns 500 shares of the semiconductor company's stock valued at $34,000 after buying an additional 300 shares in the last quarter. QRG Capital Management Inc. purchased a new stake in shares of Cohu in the second quarter valued at $269,000. Finally, Sequoia Financial Advisors LLC purchased a new position in Cohu in the 2nd quarter valued at about $1,224,000. 94.67% of the stock is owned by hedge funds and other institutional investors.

Cohu Trading Down 3.0%

Shares of COHU traded down $1.97 during mid-day trading on Tuesday, reaching $63.24. The stock had a trading volume of 122,615 shares, compared to its average volume of 1,105,041. The business's fifty day moving average is $57.52 and its 200 day moving average is $52.46. Cohu has a 52-week low of $20.52 and a 52-week high of $75.72. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.74 and a quick ratio of 4.72. The firm has a market cap of $2.99 billion, a price-to-earnings ratio of -76.20 and a beta of 1.51.

Cohu (NASDAQ:COHU - Get Free Report) last announced its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $0.26 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.14 by $0.12. The business had revenue of $149.00 million during the quarter, compared to the consensus estimate of $144.20 million. Cohu had a negative net margin of 7.43% and a negative return on equity of 1.96%. The business's revenue was up 38.3% compared to the same quarter last year. During the same quarter last year, the firm earned $0.02 EPS. On average, sell-side analysts predict that Cohu will post 0.47 EPS for the current fiscal year.

About Cohu

Cohu, Inc provides semiconductor test and inspection equipment, consumables and related services used by semiconductor manufacturers and outsourced semiconductor assembly and test providers. Its solutions support the testing and handling of integrated circuits throughout the manufacturing process, helping customers evaluate device performance, reliability and quality.

The company's product portfolio includes semiconductor test handlers, inspection and metrology systems, thermal-management equipment, test contactors and other interface products.

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