Cohu (NASDAQ:COHU) was downgraded by Zacks Investment Research from a “hold” rating to a “sell” rating in a note issued to investors on Thursday, Zacks.com reports.

According to Zacks, “Cohu is a leading supplier of semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors and thermal sub-systems used by global semiconductor manufacturers and test subcontractors. “

Several other equities analysts have also recently issued reports on COHU. BidaskClub upgraded shares of Cohu from a “sell” rating to a “hold” rating in a research note on Saturday, January 12th. Stifel Nicolaus cut shares of Cohu from a “buy” rating to a “hold” rating and decreased their target price for the company from $30.00 to $20.00 in a research note on Wednesday, January 23rd. ValuEngine upgraded shares of Cohu from a “sell” rating to a “hold” rating in a research note on Monday, February 4th. B. Riley reiterated a “buy” rating on shares of Cohu in a research note on Tuesday, March 5th. Finally, DA Davidson reiterated a “buy” rating on shares of Cohu in a research note on Wednesday, March 13th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and two have given a buy rating to the company. Cohu has a consensus rating of “Hold” and an average target price of $24.75.

Shares of COHU stock traded down $0.40 during trading hours on Thursday, hitting $14.79. The company’s stock had a trading volume of 197,527 shares, compared to its average volume of 435,576. The company has a market capitalization of $603.73 million, a P/E ratio of 11.93, a price-to-earnings-growth ratio of 3.89 and a beta of 1.39. The company has a debt-to-equity ratio of 0.63, a current ratio of 3.02 and a quick ratio of 2.15. Cohu has a 12-month low of $14.08 and a 12-month high of $27.83.

Cohu (NASDAQ:COHU) last released its quarterly earnings data on Tuesday, March 12th. The semiconductor company reported $0.15 EPS for the quarter, beating the consensus estimate of $0.13 by $0.02. The business had revenue of $170.64 million for the quarter, compared to the consensus estimate of $173.50 million. Cohu had a negative net margin of 7.12% and a positive return on equity of 10.84%. As a group, sell-side analysts forecast that Cohu will post 0.39 earnings per share for the current year.

Several institutional investors and hedge funds have recently bought and sold shares of COHU. D. E. Shaw & Co. Inc. raised its position in Cohu by 1.5% during the fourth quarter. D. E. Shaw & Co. Inc. now owns 385,813 shares of the semiconductor company’s stock worth $6,200,000 after acquiring an additional 5,522 shares during the period. BlackRock Inc. raised its position in Cohu by 2.7% during the third quarter. BlackRock Inc. now owns 4,197,349 shares of the semiconductor company’s stock worth $105,353,000 after acquiring an additional 110,952 shares during the period. Pacer Advisors Inc. raised its position in Cohu by 296.4% during the third quarter. Pacer Advisors Inc. now owns 4,400 shares of the semiconductor company’s stock worth $110,000 after acquiring an additional 3,290 shares during the period. Prudential Financial Inc. raised its position in Cohu by 43.2% during the fourth quarter. Prudential Financial Inc. now owns 69,166 shares of the semiconductor company’s stock worth $1,111,000 after acquiring an additional 20,866 shares during the period. Finally, Vanguard Group Inc raised its position in Cohu by 1.7% during the third quarter. Vanguard Group Inc now owns 1,634,987 shares of the semiconductor company’s stock worth $41,038,000 after acquiring an additional 27,776 shares during the period. Hedge funds and other institutional investors own 91.92% of the company’s stock.

About Cohu

Cohu, Inc, through its subsidiaries, provides semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors, thermal sub-systems, semiconductor automated test equipment (ATE), and bare board printed circuit board (PCB) test systems for semiconductor and electronics manufacturers, and test subcontractors worldwide.

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