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

Cohu (NASDAQ:COHU - Free Report) had its price objective reduced by TD Cowen from $27.00 to $22.00 in a research report released on Friday morning, Marketbeat Ratings reports. They currently have a buy rating on the semiconductor company's stock.

COHU has been the topic of several other reports. B. Riley dropped their price objective on Cohu from $34.00 to $30.00 and set a "buy" rating on the stock in a research report on Friday, February 14th. Needham & Company LLC reiterated a "hold" rating on shares of Cohu in a research note on Friday, May 2nd. Finally, Stifel Nicolaus dropped their target price on shares of Cohu from $40.00 to $35.00 and set a "buy" rating on the stock in a report on Friday, February 14th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $28.43.

Cohu Stock Up 0.4 %

Shares of COHU traded up $0.06 on Friday, reaching $15.67. The stock had a trading volume of 99,505 shares, compared to its average volume of 396,657. 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 has a 12-month low of $12.57 and a 12-month high of $36.60. The firm has a market capitalization of $729.05 million, a price-to-earnings ratio of -10.43 and a beta of 1.22. The company has a 50-day simple moving average of $15.88 and a 200-day simple moving average of $21.84.

Cohu (NASDAQ:COHU - Get Free Report) last issued its earnings results on Thursday, May 1st. The semiconductor company reported ($0.02) earnings per share (EPS) for the quarter, topping the consensus estimate 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 prior year, the firm posted $0.01 earnings per share. The business's revenue was down 10.0% on a year-over-year basis. Sell-side analysts predict 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 the company. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Cohu by 24.8% during the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 15,145 shares of the semiconductor company's stock valued at $223,000 after acquiring an additional 3,006 shares during the period. Royce & Associates LP grew its holdings in Cohu by 16.4% during the 1st quarter. Royce & Associates LP now owns 1,679,478 shares of the semiconductor company's stock valued at $24,705,000 after buying an additional 237,084 shares in the last quarter. Kovack Advisors Inc. raised its position in shares of Cohu by 54.0% during the first quarter. Kovack Advisors Inc. now owns 72,855 shares of the semiconductor company's stock valued at $1,072,000 after buying an additional 25,539 shares during the last quarter. Y Intercept Hong Kong Ltd purchased a new position in shares of Cohu in the first quarter worth $390,000. Finally, Tributary Capital Management LLC boosted its position in shares of Cohu by 3.9% during the first quarter. Tributary Capital Management LLC now owns 611,372 shares of the semiconductor company's stock worth $8,993,000 after acquiring an additional 22,800 shares during the last quarter. Hedge funds and other institutional investors own 94.67% of the company's stock.

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.