Cohu (NASDAQ:COHU) was upgraded by Zacks Investment Research from a "sell" rating to a "hold" rating in a note issued to investors on Tuesday, Zacks.com reports.
According to Zacks, "Cohu is a leading supplier of semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors and thermal sub-systems used by global semiconductor manufacturers and test subcontractors. "
Other research analysts have also issued research reports about the company. Cowen increased their target price on Cohu from $20.00 to $24.00 and gave the company an "outperform" rating in a research report on Friday. Needham & Company LLC began coverage on Cohu in a research report on Thursday, July 30th. They set a "buy" rating and a $22.00 target price on the stock. B. Riley increased their target price on Cohu from $19.00 to $20.00 and gave the company a "buy" rating in a research report on Thursday, May 21st. ValuEngine lowered Cohu from a "buy" rating to a "hold" rating in a research report on Friday, May 1st. Finally, Stifel Nicolaus decreased their target price on Cohu from $30.00 to $19.00 and set a "buy" rating on the stock in a research report on Tuesday, April 21st. They noted that the move was a valuation call. Two investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. The company presently has an average rating of "Buy" and an average price target of $23.00.
The firm has a market cap of $761.44 million, a PE ratio of -15.32 and a beta of 1.90. Cohu has a one year low of $8.89 and a one year high of $26.43. The stock's 50 day moving average price is $17.20 and its 200 day moving average price is $17.52. The company has a quick ratio of 1.98, a current ratio of 2.87 and a debt-to-equity ratio of 0.80.
Cohu (NASDAQ:COHU) last issued its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $0.17 EPS for the quarter, topping analysts' consensus estimates of $0.02 by $0.15. The business had revenue of $144.08 million for the quarter, compared to analysts' expectations of $143.30 million. Cohu had a negative net margin of 8.75% and a positive return on equity of 0.11%. On average, equities analysts forecast that Cohu will post -0.03 EPS for the current year.
In other Cohu news, Director William Bendush sold 4,500 shares of the firm's stock in a transaction on Thursday, May 21st. The stock was sold at an average price of $15.28, for a total value of $68,760.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 3.07% of the company's stock.
Hedge funds and other institutional investors have recently bought and sold shares of the company. Sowell Financial Services LLC purchased a new position in shares of Cohu during the 1st quarter worth $31,000. Advisor Group Holdings Inc. purchased a new position in shares of Cohu during the 1st quarter worth $73,000. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of Cohu by 81.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,335 shares of the semiconductor company's stock worth $75,000 after acquiring an additional 1,948 shares during the period. Aperio Group LLC purchased a new position in shares of Cohu during the 1st quarter worth $128,000. Finally, Envestnet Asset Management Inc. raised its holdings in shares of Cohu by 23.5% during the 1st quarter. Envestnet Asset Management Inc. now owns 10,860 shares of the semiconductor company's stock worth $134,000 after acquiring an additional 2,069 shares during the period. Institutional investors and hedge funds own 90.32% of the company's stock.
Cohu Company Profile
Cohu, Inc, through its subsidiaries, provides semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors, thermal sub-systems, semiconductor automated test equipment (ATE), and bare board printed circuit board (PCB) test systems for semiconductor and electronics manufacturers, and test subcontractors worldwide.
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