Analysts Set Cohu, Inc. (NASDAQ:COHU) Target Price at $43.50

Shares of Cohu, Inc. (NASDAQ:COHU - Get Free Report) have been given a consensus recommendation of "Buy" by the four analysts that are covering the stock, Marketbeat Ratings reports. Four analysts have rated the stock with a buy rating. The average twelve-month target price among brokerages that have issued a report on the stock in the last year is $43.50.

COHU has been the topic of a number of research analyst reports. Needham & Company LLC reaffirmed a "buy" rating and issued a $36.00 price target on shares of Cohu in a research note on Friday, February 16th. TD Cowen lifted their price objective on Cohu from $38.00 to $40.00 and gave the stock an "outperform" rating in a research report on Friday, February 16th.

Cohu Stock Up 3.0 %

Shares of COHU traded up $0.88 during trading hours on Tuesday, hitting $29.95. The company had a trading volume of 214,034 shares, compared to its average volume of 282,765. The firm has a fifty day moving average price of $31.68 and a 200-day moving average price of $32.66. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.67 and a current ratio of 6.18. The stock has a market capitalization of $1.41 billion, a price-to-earnings ratio of 50.76 and a beta of 1.52. Cohu has a 52-week low of $28.57 and a 52-week high of $43.99.

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

Institutional Investors Weigh In On Cohu

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Cohu by 1.5% in the fourth 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. Dimensional Fund Advisors LP raised its position in Cohu by 2.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,064,004 shares of the semiconductor company's stock valued at $108,438,000 after purchasing an additional 60,964 shares during the period. Victory Capital Management Inc. raised its holdings in shares of Cohu by 3.5% in the 4th quarter. Victory Capital Management Inc. now owns 2,977,319 shares of the semiconductor company's stock valued at $105,367,000 after buying an additional 100,388 shares during the period. Franklin Resources Inc. raised its holdings in shares of Cohu by 8.4% in the 4th quarter. Franklin Resources Inc. now owns 2,782,650 shares of the semiconductor company's stock valued at $98,478,000 after buying an additional 215,153 shares during the period. Finally, American Century Companies Inc. raised its holdings in shares of Cohu by 22.9% in the 3rd quarter. American Century Companies Inc. now owns 974,605 shares of the semiconductor company's stock valued at $33,565,000 after buying an additional 181,689 shares during the period. Hedge funds and other 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.