Cohu (NASDAQ:COHU) Hits New 52-Week High – Here’s What Happened

Cohu, Inc. (NASDAQ:COHU)’s share price reached a new 52-week high during mid-day trading on Tuesday . The stock traded as high as $30.83 and last traded at $29.66, with a volume of 280616 shares. The stock had previously closed at $29.35.

Analyst Ratings Changes

Several brokerages have recently weighed in on COHU. Weiss Ratings restated a “sell (d-)” rating on shares of Cohu in a research note on Wednesday, January 21st. Stifel Nicolaus raised their price target on shares of Cohu from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. Needham & Company LLC raised shares of Cohu from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Tuesday, January 6th. TD Cowen reiterated a “buy” rating on shares of Cohu in a research note on Thursday, October 30th. Finally, B. Riley increased their target price on Cohu from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Monday, January 26th. Four analysts have rated the stock with a Buy rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, Cohu currently has an average rating of “Moderate Buy” and a consensus target price of $31.75.

Cohu Stock Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 4.39 and a quick ratio of 3.24. The stock has a fifty day moving average price of $25.76 and a two-hundred day moving average price of $22.70. The company has a market cap of $1.36 billion, a P/E ratio of -18.59 and a beta of 1.27.

Hedge Funds Weigh In On Cohu

Several large investors have recently bought and sold shares of COHU. Tudor Investment Corp ET AL bought a new position in Cohu during the third quarter valued at about $243,960,000. Invesco Ltd. raised its holdings in shares of Cohu by 478.4% in the 2nd quarter. Invesco Ltd. now owns 1,175,282 shares of the semiconductor company’s stock worth $22,612,000 after purchasing an additional 972,088 shares in the last quarter. Tributary Capital Management LLC lifted its stake in Cohu by 131.5% during the third 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 last quarter. Frontier Capital Management Co. LLC boosted its holdings in Cohu by 20.0% during the second quarter. Frontier Capital Management Co. LLC now owns 1,355,973 shares of the semiconductor company’s stock worth $26,089,000 after buying an additional 226,453 shares in the last quarter. Finally, First Eagle Investment Management LLC bought a new stake in Cohu during the second quarter worth approximately $3,950,000. Institutional investors and hedge funds own 94.67% of the company’s stock.

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.