Cohu (NASDAQ:COHU) Price Target Lowered to $22.00 at TD Cowen

Cohu (NASDAQ:COHU - Free Report) had its target price trimmed by TD Cowen from $27.00 to $22.00 in a research note published on Friday, Marketbeat.com reports. The firm currently has a buy rating on the semiconductor company's stock.

Several other equities research analysts have also weighed in on the stock. Needham & Company LLC reiterated a "hold" rating on shares of Cohu in a report on Friday. 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. Finally, Stifel Nicolaus cut their target price on Cohu from $40.00 to $35.00 and set a "buy" rating on the stock in a research report on Friday, February 14th. Two 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. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $28.43.

Cohu Stock Performance

COHU traded down $0.27 during trading hours on Friday, hitting $16.42. The company's stock had a trading volume of 639,297 shares, compared to its average volume of 397,223. The company has a 50-day simple moving average of $15.96 and a 200 day simple moving average of $21.88. The company has a current ratio of 6.38, a quick ratio of 4.69 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $764.19 million, a PE ratio of -10.95 and a beta of 1.22. Cohu has a fifty-two week low of $12.57 and a fifty-two week high of $36.60.

Cohu (NASDAQ:COHU - Get Free Report) last released 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. The company had revenue of $96.80 million during the quarter, compared to the consensus estimate of $96.61 million. Cohu had a negative net margin of 17.38% and a negative return on equity of 3.18%. The company's revenue was down 10.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.01 EPS. As a group, sell-side analysts expect that Cohu will post -0.36 EPS for the current year.

Institutional Investors Weigh In On Cohu

Several institutional investors have recently bought and sold shares of the company. Versant Capital Management Inc lifted its position in shares of Cohu by 232.0% during the 1st quarter. Versant Capital Management Inc now owns 2,417 shares of the semiconductor company's stock valued at $36,000 after buying an additional 1,689 shares in the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Cohu by 1,225.7% in the fourth 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 period. GAMMA Investing LLC raised its stake 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 grew its holdings in shares of Cohu by 826.9% during the fourth quarter. Sterling Capital Management LLC now owns 1,483 shares of the semiconductor company's stock worth $40,000 after purchasing an additional 1,323 shares during the last quarter. Finally, Smartleaf Asset Management LLC boosted 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 period. 94.67% of the stock is currently owned by institutional investors and hedge funds.

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.