Cohu, Inc. (NASDAQ:COHU) Receives Consensus Recommendation of “Moderate Buy” from Brokerages

Shares of Cohu, Inc. (NASDAQ:COHU) have received a consensus recommendation of “Moderate Buy” from the six research firms that are presently covering the firm, MarketBeat reports. One investment analyst has rated the stock with a sell rating and five have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $29.50.

COHU has been the topic of a number of research reports. TD Cowen boosted their price objective on Cohu from $22.00 to $30.00 and gave the company a “buy” rating in a research note on Thursday, October 30th. Cowen reiterated a “buy” rating on shares of Cohu in a research note on Thursday, October 30th. B. Riley restated a “buy” rating on shares of Cohu in a research note on Thursday, October 30th. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cohu in a report on Wednesday, October 8th. Finally, Needham & Company LLC raised shares of Cohu from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Tuesday.

Cohu Price Performance

Shares of NASDAQ COHU opened at $26.86 on Friday. The company has a current ratio of 4.39, a quick ratio of 3.24 and a debt-to-equity ratio of 0.01. The stock has a fifty day simple moving average of $23.86 and a two-hundred day simple moving average of $21.70. Cohu has a 1-year low of $12.57 and a 1-year high of $27.16. The firm has a market cap of $1.25 billion, a price-to-earnings ratio of -17.11 and a beta of 1.27.

Cohu (NASDAQ:COHU) last issued its earnings results on Wednesday, October 29th. The semiconductor company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.19) by $0.13. Cohu had a negative return on equity of 3.73% and a negative net margin of 17.22%.The firm had revenue of $126.25 million for the quarter, compared to analyst estimates of $124.98 million. During the same period in the previous year, the company posted ($0.08) earnings per share. The business’s revenue was up 32.5% on a year-over-year basis. Analysts anticipate that Cohu will post -0.36 earnings per share for the current year.

Institutional Trading of Cohu

A number of hedge funds and other institutional investors have recently made changes to their positions in COHU. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its stake in Cohu by 3.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,214 shares of the semiconductor company’s stock worth $400,000 after purchasing an additional 905 shares during the period. Caxton Associates LLP bought a new stake in shares of Cohu during the first quarter valued at about $276,000. Jane Street Group LLC lifted its holdings in shares of Cohu by 2,042.7% in the first quarter. Jane Street Group LLC now owns 162,674 shares of the semiconductor company’s stock worth $2,393,000 after buying an additional 155,082 shares in the last quarter. Inspire Investing LLC boosted its position in shares of Cohu by 55.1% in the first quarter. Inspire Investing LLC now owns 23,322 shares of the semiconductor company’s stock valued at $343,000 after acquiring an additional 8,282 shares during the period. Finally, Voya Investment Management LLC boosted its position in shares of Cohu by 40.5% in the first quarter. Voya Investment Management LLC now owns 321,232 shares of the semiconductor company’s stock valued at $4,725,000 after acquiring an additional 92,600 shares during the period. 94.67% of the stock is currently owned by institutional investors.

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.