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.

Cohu (NASDAQ:COHU) last posted its quarterly earnings results on Thursday, August 2nd. The semiconductor company reported $0.64 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.47 by $0.17. Cohu had a return on equity of 15.21% and a net margin of 9.50%. The firm had revenue of $99.80 million during the quarter, compared to analysts’ expectations of $99.57 million. During the same quarter in the previous year, the business earned $0.48 earnings per share. The company’s revenue was up 6.3% on a year-over-year basis. research analysts anticipate that Cohu will post 1.57 EPS for the current fiscal year.

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.

See Also: What are the reasons investors use put options?

Analyst Recommendations for Cohu (NASDAQ:COHU)

Receive News & Ratings for Cohu Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cohu and related companies with MarketBeat.com's FREE daily email newsletter.