Cohu (COHU) Rating Increased to Hold at ValuEngine
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.
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.
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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