Equities research analysts at DA Davidson began coverage on shares of Cohu (NASDAQ:COHU) in a research note issued on Monday. The brokerage set a “buy” rating and a $30.00 price target on the semiconductor company’s stock. DA Davidson’s target price would indicate a potential upside of 37.93% from the stock’s current price.

A number of other brokerages have also recently weighed in on COHU. BidaskClub cut shares of Cohu from a “strong-buy” rating to a “buy” rating in a research note on Saturday, August 18th. ValuEngine cut shares of Cohu from a “buy” rating to a “hold” rating in a research note on Friday, September 7th. Stifel Nicolaus cut shares of Cohu from a “buy” rating to a “hold” rating in a research note on Monday, May 28th. Finally, Zacks Investment Research cut shares of Cohu from a “buy” rating to a “hold” rating in a research note on Tuesday, July 10th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average price target of $27.75.

Shares of Cohu stock opened at $21.75 on Monday. Cohu has a 12-month low of $18.60 and a 12-month 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 stock has a market capitalization of $628.34 million, a price-to-earnings ratio of 16.23 and a beta of 1.00.

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

In other news, VP Hock Woo Chiang sold 15,825 shares of the firm’s stock in a transaction that occurred on Tuesday, August 14th. The shares were sold at an average price of $27.59, for a total transaction of $436,611.75. Following the completion of the transaction, the vice president now directly owns 71,947 shares of the company’s stock, valued at approximately $1,985,017.73. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 3.88% of the company’s stock.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. SG Americas Securities LLC boosted its position in Cohu by 44.6% during the first quarter. SG Americas Securities LLC now owns 7,342 shares of the semiconductor company’s stock worth $167,000 after acquiring an additional 2,263 shares during the last quarter. Rhumbline Advisers boosted its position in Cohu by 3.5% during the second quarter. Rhumbline Advisers now owns 69,768 shares of the semiconductor company’s stock worth $1,710,000 after acquiring an additional 2,371 shares during the last quarter. Aperio Group LLC boosted its position in Cohu by 14.0% during the second quarter. Aperio Group LLC now owns 21,565 shares of the semiconductor company’s stock worth $529,000 after acquiring an additional 2,649 shares during the last quarter. Swiss National Bank boosted its position in Cohu by 5.9% during the first quarter. Swiss National Bank now owns 48,841 shares of the semiconductor company’s stock worth $1,114,000 after acquiring an additional 2,700 shares during the last quarter. Finally, First Trust Advisors LP boosted its position in Cohu by 11.5% during the second quarter. First Trust Advisors LP now owns 36,967 shares of the semiconductor company’s stock worth $906,000 after acquiring an additional 3,820 shares during the last quarter. Hedge funds and other 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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Analyst Recommendations for Cohu (NASDAQ:COHU)

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