Stifel Nicolaus Has Lowered Expectations for Cohu (NASDAQ:COHU) Stock Price

Cohu (NASDAQ:COHU - Get Free Report) had its price target decreased by equities researchers at Stifel Nicolaus from $35.00 to $28.00 in a research report issued on Friday,Benzinga reports. The firm presently has a "buy" rating on the semiconductor company's stock. Stifel Nicolaus' price objective indicates a potential upside of 82.11% from the company's previous close.

A number of other equities research analysts also recently weighed in on COHU. B. Riley decreased their price objective on Cohu from $34.00 to $30.00 and set a "buy" rating on the stock in a report on Friday, February 14th. TD Cowen dropped their target price on shares of Cohu from $27.00 to $22.00 and set a "buy" rating for the company in a research report on Friday, May 2nd. Finally, Needham & Company LLC restated a "hold" rating on shares of Cohu in a research note on Friday, May 2nd. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $28.43.

Cohu Stock Performance

Shares of COHU stock traded down $0.24 during mid-day trading on Friday, reaching $15.38. The stock had a trading volume of 110,359 shares, compared to its average volume of 396,748. The firm has a market cap of $715.55 million, a PE ratio of -10.27 and a beta of 1.22. The company has a quick ratio of 4.69, a current ratio of 6.38 and a debt-to-equity ratio of 0.01. Cohu has a one year low of $12.57 and a one year high of $36.60. The firm's 50 day simple moving average is $15.88 and its 200 day simple moving average is $21.84.

Cohu (NASDAQ:COHU - Get Free Report) last posted its quarterly 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 firm had revenue of $96.80 million for the quarter, compared to the consensus estimate of $96.61 million. During the same quarter in the previous year, the company earned $0.01 earnings per share. The business's revenue was down 10.0% compared to the same quarter last year. On average, analysts forecast that Cohu will post -0.36 EPS for the current year.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Versant Capital Management Inc grew its holdings in Cohu by 232.0% during the 1st quarter. Versant Capital Management Inc now owns 2,417 shares of the semiconductor company's stock worth $36,000 after acquiring an additional 1,689 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of Cohu by 1,225.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,392 shares of the semiconductor company's stock worth $37,000 after purchasing an additional 1,287 shares during the period. GAMMA Investing LLC increased its holdings 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 purchasing an additional 1,682 shares during the last quarter. Sterling Capital Management LLC raised its position in shares of Cohu by 826.9% in the 4th quarter. Sterling Capital Management LLC now owns 1,483 shares of the semiconductor company's stock valued at $40,000 after acquiring an additional 1,323 shares during the period. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Cohu by 413.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,740 shares of the semiconductor company's stock valued at $46,000 after buying an additional 1,401 shares during the period. 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.