Cohu, Inc. (NASDAQ:COHU) Receives Average Rating of “Moderate Buy” from Analysts

Shares of Cohu, Inc. (NASDAQ:COHU) have been given an average recommendation of “Moderate Buy” by the six ratings firms that are presently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $31.50.

COHU has been the topic of several research reports. StockNews.com downgraded shares of Cohu from a “hold” rating to a “sell” rating in a report on Friday, August 2nd. Craig Hallum raised shares of Cohu from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a report on Friday, November 1st. Needham & Company LLC increased their price target on Cohu from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday, November 1st. TD Cowen decreased their price objective on Cohu from $36.00 to $30.00 and set a “buy” rating for the company in a report on Friday, November 1st. Finally, The Goldman Sachs Group dropped their target price on Cohu from $26.00 to $23.00 and set a “sell” rating on the stock in a report on Friday, November 1st.

Insider Buying and Selling

In related news, Director Nina Richardson sold 4,999 shares of Cohu stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $24.14, for a total value of $120,675.86. Following the sale, the director now owns 28,313 shares of the company’s stock, valued at approximately $683,475.82. This trade represents a 15.01 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In the last 90 days, insiders sold 5,599 shares of company stock valued at $135,850. 2.70% of the stock is owned by company insiders.

Institutional Trading of Cohu

Several institutional investors have recently modified their holdings of COHU. Barclays PLC lifted its holdings in Cohu by 331.6% in the 3rd quarter. Barclays PLC now owns 77,600 shares of the semiconductor company’s stock valued at $1,994,000 after purchasing an additional 59,622 shares in the last quarter. First National Bank of Omaha lifted its holdings in Cohu by 63.0% in the third quarter. First National Bank of Omaha now owns 17,777 shares of the semiconductor company’s stock valued at $457,000 after acquiring an additional 6,873 shares during the last quarter. Dean Investment Associates LLC grew its holdings in shares of Cohu by 131.2% during the 3rd quarter. Dean Investment Associates LLC now owns 96,815 shares of the semiconductor company’s stock worth $2,488,000 after purchasing an additional 54,937 shares during the period. Orion Portfolio Solutions LLC boosted its stake in Cohu by 3.2% during the third quarter. Orion Portfolio Solutions LLC now owns 36,725 shares of the semiconductor company’s stock worth $944,000 after buying an additional 1,141 shares during the period. Finally, Jane Street Group LLC boosted its position in shares of Cohu by 25.9% during the 3rd quarter. Jane Street Group LLC now owns 66,412 shares of the semiconductor company’s stock worth $1,707,000 after purchasing an additional 13,668 shares during the period. Institutional investors and hedge funds own 94.67% of the company’s stock.

Cohu Price Performance

Shares of NASDAQ COHU opened at $24.99 on Friday. 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 fifty-two week low of $22.80 and a fifty-two week high of $36.60. The company has a market cap of $1.16 billion, a PE ratio of -23.14 and a beta of 1.52. The business has a 50-day simple moving average of $25.42 and a two-hundred day simple moving average of $28.45.

Cohu (NASDAQ:COHU) last issued its earnings results on Thursday, October 31st. The semiconductor company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.02). The firm had revenue of $95.30 million during the quarter, compared to analysts’ expectations of $95.75 million. Cohu had a negative return on equity of 1.01% and a negative net margin of 11.35%. The business’s revenue was down 36.8% on a year-over-year basis. During the same quarter last year, the business earned $0.27 EPS. As a group, equities analysts expect that Cohu will post -0.46 EPS for the current fiscal year.

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.