Cohu (NASDAQ:COHU) Hits New 52-Week High – Still a Buy?

Cohu, Inc. (NASDAQ:COHU) hit a new 52-week high during trading on Tuesday . The company traded as high as $70.92 and last traded at $70.07, with a volume of 897286 shares changing hands. The stock had previously closed at $69.40.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on COHU shares. Evercore restated an “outperform” rating and issued a $53.00 target price on shares of Cohu in a report on Tuesday, April 28th. TD Cowen lifted their price target on shares of Cohu from $60.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, June 16th. Needham & Company LLC upped their price objective on shares of Cohu from $33.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, May 1st. Stifel Nicolaus boosted their target price on shares of Cohu from $32.00 to $34.00 and gave the stock a “buy” rating in a research report on Wednesday, March 18th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Cohu in a report on Monday, April 20th. Six research analysts have rated the stock with a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $52.33.

Cohu Stock Up 1.0%

The firm has a 50-day moving average price of $50.43 and a two-hundred day moving average price of $36.13. The company has a market capitalization of $3.31 billion, a P/E ratio of -58.88 and a beta of 1.62. The company has a quick ratio of 5.31, a current ratio of 6.43 and a debt-to-equity ratio of 0.37.

Cohu (NASDAQ:COHU) last announced its earnings results on Thursday, April 30th. The semiconductor company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The company had revenue of $125.12 million for the quarter, compared to the consensus estimate of $122.14 million. Cohu had a negative return on equity of 3.50% and a negative net margin of 11.54%.The company’s revenue was up 29.3% compared to the same quarter last year. During the same period last year, the firm posted ($0.02) EPS. Equities research analysts anticipate that Cohu, Inc. will post 0.17 EPS for the current fiscal year.

Insider Buying and Selling

In related news, Director Steven J. Bilodeau sold 10,257 shares of Cohu stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $44.85, for a total transaction of $460,026.45. Following the sale, the director directly owned 52,272 shares of the company’s stock, valued at $2,344,399.20. This trade represents a 16.40% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James A. Donahue sold 10,257 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $46.77, for a total value of $479,719.89. Following the transaction, the director owned 3,578 shares in the company, valued at $167,343.06. This represents a 74.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 90,668 shares of company stock worth $4,248,016. 3.05% of the stock is currently owned by corporate insiders.

Institutional Trading of Cohu

Several institutional investors have recently modified their holdings of the company. Hollencrest Capital Management bought a new position in Cohu in the first quarter worth $31,000. Farther Finance Advisors LLC increased its holdings in Cohu by 45.0% in the 4th quarter. Farther Finance Advisors LLC now owns 1,456 shares of the semiconductor company’s stock valued at $34,000 after buying an additional 452 shares during the period. Kestra Advisory Services LLC acquired a new position in shares of Cohu in the 4th quarter valued at $34,000. Los Angeles Capital Management LLC acquired a new position in shares of Cohu in the 4th quarter valued at $37,000. Finally, Smartleaf Asset Management LLC lifted its holdings in shares of Cohu by 202.7% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,113 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 1,415 shares during the period. 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.