Cohu (NASDAQ:COHU) Sets New 1-Year Low at $28.89

Cohu, Inc. (NASDAQ:COHU - Get Free Report) shares hit a new 52-week low during trading on Friday . The stock traded as low as $28.89 and last traded at $29.32, with a volume of 20448 shares. The stock had previously closed at $29.24.

Analysts Set New Price Targets

COHU has been the topic of several analyst reports. TD Cowen increased their price target on shares of Cohu from $38.00 to $40.00 and gave the stock an "outperform" rating in a research note on Friday, February 16th. Needham & Company LLC reaffirmed a "buy" rating and set a $36.00 price objective on shares of Cohu in a report on Friday, February 16th. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, Cohu has an average rating of "Moderate Buy" and an average price target of $43.50.

Cohu Trading Down 1.6 %

The company has a current ratio of 6.18, a quick ratio of 4.67 and a debt-to-equity ratio of 0.04. The business's fifty day simple moving average is $31.84 and its two-hundred day simple moving average is $32.76. The stock has a market capitalization of $1.35 billion, a P/E ratio of 48.78 and a beta of 1.52.

Cohu (NASDAQ:COHU - Get Free Report) last issued its quarterly earnings results on Thursday, February 15th. The semiconductor company reported $0.23 earnings per share for the quarter, beating analysts' consensus estimates of $0.22 by $0.01. Cohu had a net margin of 4.42% and a return on equity of 6.73%. The firm had revenue of $137.23 million during the quarter, compared to the consensus estimate of $136.94 million. During the same period in the prior year, the firm earned $0.63 EPS. The business's revenue was down 28.2% on a year-over-year basis. As a group, analysts forecast that Cohu, Inc. will post 0.22 earnings per share for the current year.

Institutional Trading of Cohu

A number of hedge funds have recently bought and sold shares of the stock. Vanguard Group Inc. boosted its holdings in Cohu by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 4,165,622 shares of the semiconductor company's stock valued at $147,421,000 after purchasing an additional 59,716 shares during the period. Price T Rowe Associates Inc. MD lifted its holdings in shares of Cohu by 640.2% during the 4th quarter. Price T Rowe Associates Inc. MD now owns 217,971 shares of the semiconductor company's stock worth $7,715,000 after acquiring an additional 188,524 shares during the period. GSA Capital Partners LLP bought a new position in shares of Cohu during the 4th quarter worth about $397,000. Barclays PLC lifted its holdings in shares of Cohu by 129.0% during the 4th quarter. Barclays PLC now owns 73,957 shares of the semiconductor company's stock worth $2,618,000 after acquiring an additional 41,664 shares during the period. Finally, Nuveen Asset Management LLC lifted its holdings in shares of Cohu by 0.9% during the 4th quarter. Nuveen Asset Management LLC now owns 168,268 shares of the semiconductor company's stock worth $5,955,000 after acquiring an additional 1,453 shares during the period. 94.67% of the stock is owned by institutional investors.

About Cohu

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.