Stifel Nicolaus Cuts Cohu (NASDAQ:COHU) Price Target to $28.00

Cohu (NASDAQ:COHU - Get Free Report) had its price objective dropped by Stifel Nicolaus from $35.00 to $28.00 in a research report issued on Friday,Benzinga reports. The brokerage presently has a "buy" rating on the semiconductor company's stock. Stifel Nicolaus' price target points to a potential upside of 74.24% from the company's current price.

Other equities analysts have also issued reports about the company. Needham & Company LLC reaffirmed a "hold" rating on shares of Cohu in a report on Friday. TD Cowen dropped their target price on Cohu from $27.00 to $22.00 and set a "buy" rating on the stock in a research report on Friday. Finally, B. Riley reduced their price target 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. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus price target of $28.43.

Cohu Price Performance

Shares of COHU opened at $16.07 on Friday. The firm has a market cap of $747.90 million, a price-to-earnings ratio of -10.71 and a beta of 1.39. The stock has a 50 day moving average of $16.10 and a 200-day moving average of $22.05. The company has a current ratio of 6.38, a quick ratio of 4.69 and a debt-to-equity ratio of 0.01. Cohu has a 52 week low of $12.57 and a 52 week high of $36.60.

Cohu (NASDAQ:COHU - Get Free Report) last issued its earnings results on Thursday, May 1st. The semiconductor company reported ($0.02) earnings per share 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 company had revenue of $96.80 million for the quarter, compared to analysts' expectations of $96.61 million. During the same period in the prior year, the company earned $0.01 earnings per share. The firm's revenue was down 10.0% compared to the same quarter last year. As a group, analysts forecast that Cohu will post -0.36 EPS for the current year.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of COHU. Thrivent Financial for Lutherans lifted its stake in shares of Cohu by 78.8% in the 4th quarter. Thrivent Financial for Lutherans now owns 2,615,235 shares of the semiconductor company's stock worth $69,827,000 after acquiring an additional 1,152,825 shares during the period. Franklin Resources Inc. raised its holdings in Cohu by 25.9% during the third quarter. Franklin Resources Inc. now owns 3,145,692 shares of the semiconductor company's stock worth $82,134,000 after purchasing an additional 647,828 shares in the last quarter. Frontier Capital Management Co. LLC lifted its position in Cohu by 52.2% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,139,325 shares of the semiconductor company's stock worth $30,420,000 after purchasing an additional 390,558 shares during the period. Royce & Associates LP boosted its stake in Cohu by 28.0% during the 4th quarter. Royce & Associates LP now owns 1,442,394 shares of the semiconductor company's stock valued at $38,512,000 after purchasing an additional 315,605 shares in the last quarter. Finally, Lightrock Netherlands B.V. acquired a new position in shares of Cohu during the 4th quarter valued at $8,016,000. 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.

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