BidaskClub Upgrades Cohu (COHU) to “Hold”
Cohu (NASDAQ:COHU) was upgraded by BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Tuesday.
Other research analysts have also recently issued research reports about the company. ValuEngine cut Cohu from a “hold” rating to a “sell” rating in a research note on Monday, September 17th. Zacks Investment Research cut Cohu from a “buy” rating to a “hold” rating in a research report on Tuesday, July 10th. DA Davidson started coverage on Cohu in a research report on Monday. They set a “buy” rating and a $30.00 price objective for the company. Finally, Stifel Nicolaus cut Cohu from a “buy” rating to a “hold” rating in a research report on Monday, May 28th. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $27.75.
COHU stock opened at $22.82 on Tuesday. Cohu has a 1-year low of $18.60 and a 1-year high of $27.83. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.66 and a quick ratio of 2.93. The firm has a market capitalization of $662.72 million, a PE ratio of 17.06 and a beta of 1.00.
In related news, VP Hock Woo Chiang sold 15,825 shares of the company’s stock in a transaction on Tuesday, August 14th. The stock was sold at an average price of $27.59, for a total transaction of $436,611.75. Following the completion of the sale, the vice president now owns 71,947 shares in the company, valued at $1,985,017.73. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 3.88% of the stock is currently owned by corporate insiders.
Institutional investors have recently bought and sold shares of the stock. TD Asset Management Inc. purchased a new stake in Cohu during the second quarter valued at $1,843,000. Chicago Equity Partners LLC purchased a new stake in Cohu in the second quarter worth about $410,000. Cooke & Bieler LP increased its position in Cohu by 11.4% in the first quarter. Cooke & Bieler LP now owns 1,077,278 shares of the semiconductor company’s stock worth $24,573,000 after buying an additional 110,498 shares in the last quarter. Itau Unibanco Holding S.A. purchased a new stake in Cohu in the second quarter worth about $124,000. Finally, Systematic Financial Management LP increased its position in Cohu by 11.3% in the second quarter. Systematic Financial Management LP now owns 954,870 shares of the semiconductor company’s stock worth $23,404,000 after buying an additional 96,742 shares in the last quarter. Institutional investors own 97.49% of the company’s stock.
Cohu Company Profile
Cohu, Inc, through its subsidiaries, engages in the development, manufacture, sale, and servicing of semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors, and thermal sub-systems for semiconductor manufacturers and test subcontractors worldwide.
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