Needham & Company LLC Reiterates "Hold" Rating for Cohu (NASDAQ:COHU)

Cohu (NASDAQ:COHU - Get Free Report)'s stock had its "hold" rating reissued by equities research analysts at Needham & Company LLC in a note issued to investors on Friday,Benzinga reports.

Several other analysts also recently weighed in on COHU. B. Riley dropped their target price on shares of Cohu from $34.00 to $30.00 and set a "buy" rating for the company in a report on Friday, February 14th. Stifel Nicolaus reduced their price target on shares of Cohu from $40.00 to $35.00 and set a "buy" rating on the stock in a research report on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus target price of $28.43.

Cohu Trading Up 0.4 %

Shares of NASDAQ COHU traded up $0.06 during midday trading on Friday, reaching $15.67. 99,505 shares of the stock were exchanged, compared to its average volume of 396,657. The stock has a market capitalization of $729.05 million, a P/E ratio of -10.43 and a beta of 1.22. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.69 and a current ratio of 6.38. The company has a 50 day simple moving average of $15.88 and a 200 day simple moving average of $21.84. Cohu has a twelve month low of $12.57 and a twelve month high of $36.60.

Cohu (NASDAQ:COHU - Get Free Report) last announced its quarterly earnings results on Thursday, May 1st. The semiconductor company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.14. The business had revenue of $96.80 million for the quarter, compared to analyst estimates of $96.61 million. Cohu had a negative return on equity of 3.18% and a negative net margin of 17.38%. The company's quarterly revenue was down 10.0% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.01 EPS. As a group, equities analysts expect that Cohu will post -0.36 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in COHU. Thrivent Financial for Lutherans lifted its position in shares of Cohu by 78.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 2,615,235 shares of the semiconductor company's stock worth $69,827,000 after purchasing an additional 1,152,825 shares during the last quarter. Franklin Resources Inc. boosted its position in shares of Cohu by 25.9% during the 3rd quarter. Franklin Resources Inc. now owns 3,145,692 shares of the semiconductor company's stock worth $82,134,000 after acquiring an additional 647,828 shares in the last quarter. Victory Capital Management Inc. increased its holdings in shares of Cohu by 18.6% in the 1st quarter. Victory Capital Management Inc. now owns 3,731,981 shares of the semiconductor company's stock valued at $54,897,000 after acquiring an additional 585,234 shares during the last quarter. Frontier Capital Management Co. LLC raised its position in shares of Cohu by 52.2% during the 4th quarter. Frontier Capital Management Co. LLC now owns 1,139,325 shares of the semiconductor company's stock worth $30,420,000 after acquiring an additional 390,558 shares in the last quarter. Finally, Royce & Associates LP raised its position in shares of Cohu by 28.0% during the 4th quarter. Royce & Associates LP now owns 1,442,394 shares of the semiconductor company's stock worth $38,512,000 after acquiring an additional 315,605 shares in the last quarter. 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.