Cohu, Inc. (NASDAQ:COHU) Given Consensus Recommendation of “Hold” by Brokerages

Cohu, Inc. (NASDAQ:COHU) has been given an average recommendation of “Hold” by the six research firms that are covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell rating and four have given a buy rating to the company. The average 12-month price target among brokerages that have covered the stock in the last year is $33.25.

Several analysts have weighed in on the stock. Zacks Research cut shares of Cohu from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 19th. TD Cowen lifted their price target on shares of Cohu from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Friday, February 13th. Stifel Nicolaus increased their price target on Cohu from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. Weiss Ratings restated a “sell (d-)” rating on shares of Cohu in a research note on Wednesday, January 21st. Finally, Needham & Company LLC upped their target price on Cohu from $30.00 to $33.00 and gave the company a “buy” rating in a research report on Friday, February 13th.

Institutional Trading of Cohu

Several large investors have recently bought and sold shares of the business. Tudor Investment Corp ET AL acquired a new position in Cohu during the 3rd quarter worth approximately $243,960,000. Vanguard Group Inc. increased its holdings in shares of Cohu by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 4,361,164 shares of the semiconductor company’s stock valued at $101,484,000 after acquiring an additional 57,618 shares in the last quarter. Royce & Associates LP raised its position in shares of Cohu by 0.4% during the fourth quarter. Royce & Associates LP now owns 1,918,424 shares of the semiconductor company’s stock worth $44,642,000 after purchasing an additional 7,927 shares during the period. State Street Corp lifted its holdings in shares of Cohu by 0.3% in the 4th quarter. State Street Corp now owns 1,819,530 shares of the semiconductor company’s stock worth $42,340,000 after purchasing an additional 5,439 shares in the last quarter. Finally, Tributary Capital Management LLC grew its position in Cohu by 131.5% in the 3rd quarter. Tributary Capital Management LLC now owns 1,520,386 shares of the semiconductor company’s stock valued at $30,909,000 after purchasing an additional 863,654 shares during the period. 94.67% of the stock is owned by institutional investors and hedge funds.

Cohu Stock Performance

NASDAQ:COHU opened at $29.89 on Monday. The stock has a 50 day simple moving average of $28.26 and a 200 day simple moving average of $24.23. The stock has a market cap of $1.40 billion, a P/E ratio of -18.70 and a beta of 1.27. Cohu has a 1-year low of $12.57 and a 1-year high of $34.96. The company has a current ratio of 6.88, a quick ratio of 5.69 and a debt-to-equity ratio of 0.36.

Cohu (NASDAQ:COHU) last posted its quarterly earnings data on Thursday, February 12th. The semiconductor company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.22). The firm had revenue of $122.23 million for the quarter, compared to the consensus estimate of $122.09 million. Cohu had a negative return on equity of 3.76% and a negative net margin of 16.40%.The firm’s quarterly revenue was up 29.9% on a year-over-year basis. During the same quarter in the previous year, the business earned ($0.15) EPS. Research analysts anticipate that Cohu will post -0.36 earnings per share for the current year.

Cohu Company Profile

Cohu, Inc is a global provider of semiconductor test and inspection solutions, offering a broad portfolio of products designed to support chip manufacturers, outsourced semiconductor assembly and test (OSAT) providers, and electronics original equipment manufacturers (OEMs). The company’s product lineup includes automatic test handlers, wafer probers, test sockets, thermal subassembly systems and burn-in boards, all engineered to optimize throughput, accuracy and reliability in semiconductor production and final test.

Founded in 1947 and headquartered in Poway, California, Cohu has grown through both organic development and targeted acquisitions to become a recognized leader in test handling and interconnect technologies.