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

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

A number of other analysts also recently weighed in on COHU. B. Riley cut their target price on Cohu from $34.00 to $30.00 and set a "buy" rating for the company in a research report on Friday, February 14th. Stifel Nicolaus cut their price objective on shares of Cohu from $40.00 to $35.00 and set a "buy" rating for the company in a research report on Friday, February 14th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, Cohu presently has an average rating of "Hold" and a consensus price target of $28.43.

Cohu Stock Performance

Shares of COHU stock traded up $0.62 on Friday, hitting $16.69. The company's stock had a trading volume of 847,742 shares, compared to its average volume of 396,251. Cohu has a fifty-two week low of $12.57 and a fifty-two week high of $36.60. The company has a market capitalization of $776.75 million, a PE ratio of -11.13 and a beta of 1.39. The stock's 50 day moving average is $16.04 and its 200-day moving average is $21.94. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.69 and a current ratio of 6.38.

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

Institutional Trading of Cohu

Several large investors have recently bought and sold shares of COHU. Versant Capital Management Inc boosted its stake in shares of Cohu by 232.0% in the 1st quarter. Versant Capital Management Inc now owns 2,417 shares of the semiconductor company's stock valued at $36,000 after purchasing an additional 1,689 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. lifted its stake in Cohu by 1,225.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,392 shares of the semiconductor company's stock valued at $37,000 after purchasing an additional 1,287 shares during the last quarter. GAMMA Investing LLC boosted its position in Cohu by 172.2% in the first quarter. GAMMA Investing LLC now owns 2,659 shares of the semiconductor company's stock valued at $39,000 after buying an additional 1,682 shares in the last quarter. Sterling Capital Management LLC boosted its position in Cohu by 826.9% in the fourth quarter. Sterling Capital Management LLC now owns 1,483 shares of the semiconductor company's stock valued at $40,000 after buying an additional 1,323 shares in the last quarter. Finally, Smartleaf Asset Management LLC grew its stake in shares of Cohu by 413.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,740 shares of the semiconductor company's stock worth $46,000 after buying an additional 1,401 shares during the last quarter. 94.67% of the stock is owned by institutional investors and hedge funds.

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.