Cohu (NASDAQ:COHU) was upgraded by equities researchers at ValuEngine from a “sell” rating to a “hold” rating in a research note issued to investors on Monday.

COHU has been the topic of a number of other research reports. BidaskClub upgraded Cohu from a “buy” rating to a “strong-buy” rating in a report on Wednesday, July 18th. Zacks Investment Research downgraded Cohu from a “buy” rating to a “hold” rating in a report on Tuesday, July 10th. Stifel Nicolaus downgraded Cohu from a “buy” rating to a “hold” rating in a report on Monday, May 28th. Finally, DA Davidson began coverage on Cohu in a report on Monday. They set a “buy” rating and a $30.00 target price on the stock. Four analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $27.75.

Shares of COHU stock opened at $22.80 on Monday. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.66 and a quick ratio of 2.93. Cohu has a 12-month low of $18.60 and a 12-month high of $27.83. The stock has a market cap of $628.34 million, a price-to-earnings ratio of 17.16 and a beta of 1.00.

Cohu (NASDAQ:COHU) last posted its earnings results on Thursday, August 2nd. The semiconductor company reported $0.64 earnings per share for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $99.57 million. During the same quarter in the prior year, the business earned $0.48 EPS. The business’s revenue for the quarter was up 6.3% on a year-over-year basis. equities research analysts anticipate that Cohu will post 1.57 earnings per share for the current fiscal year.

In related news, VP Hock Woo Chiang sold 15,825 shares of the company’s stock in a transaction that occurred on Tuesday, August 14th. The stock was sold at an average price of $27.59, for a total value of $436,611.75. Following the sale, the vice president now owns 71,947 shares in the company, valued at approximately $1,985,017.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.88% of the company’s stock.

Several institutional investors have recently bought and sold shares of COHU. Itau Unibanco Holding S.A. purchased a new stake in shares of Cohu in the 2nd quarter worth approximately $124,000. Piedmont Investment Advisors LLC purchased a new stake in shares of Cohu in the 2nd quarter worth approximately $164,000. SG Americas Securities LLC grew its stake in shares of Cohu by 44.6% in the 1st quarter. SG Americas Securities LLC now owns 7,342 shares of the semiconductor company’s stock worth $167,000 after buying an additional 2,263 shares during the last quarter. WINTON GROUP Ltd purchased a new stake in shares of Cohu in the 1st quarter worth approximately $201,000. Finally, California Public Employees Retirement System purchased a new stake in shares of Cohu in the 2nd quarter worth approximately $208,000. Institutional investors own 97.49% of the company’s stock.

About Cohu

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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Analyst Recommendations for Cohu (NASDAQ:COHU)

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