Cohu (NASDAQ:COHU) Stock Price Up 5.1% After Analyst Upgrade

Cohu, Inc. (NASDAQ:COHU)’s share price traded up 5.1% during mid-day trading on Wednesday after Stifel Nicolaus raised their price target on the stock from $32.00 to $34.00. Stifel Nicolaus currently has a buy rating on the stock. Cohu traded as high as $30.55 and last traded at $30.3650. 245,389 shares traded hands during mid-day trading, a decline of 70% from the average session volume of 831,384 shares. The stock had previously closed at $28.88.

A number of other research firms have also weighed in on COHU. Weiss Ratings restated a “sell (d-)” rating on shares of Cohu in a research note on Wednesday, January 21st. TD Cowen boosted their price objective on shares of Cohu from $30.00 to $35.00 and gave the stock a “buy” rating in a report on Friday, February 13th. Evercore began coverage on Cohu in a research report on Monday. They issued an “outperform” rating and a $35.00 price objective on the stock. Zacks Research cut Cohu from a “hold” rating to a “strong sell” rating in a research note on Thursday, February 19th. Finally, B. Riley Financial dropped their price objective on Cohu from $35.00 to $33.00 and set a “buy” rating on the stock in a research report on Friday, February 13th. Five equities research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. Based on data from MarketBeat, Cohu currently has a consensus rating of “Hold” and a consensus price target of $34.00.

Insider Transactions at Cohu

In other news, SVP Christopher Bohrson sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, March 16th. The stock was sold at an average price of $28.57, for a total value of $28,570.00. Following the completion of the sale, the senior vice president directly owned 176,202 shares of the company’s stock, valued at $5,034,091.14. This trade represents a 0.56% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Company insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On Cohu

A number of large investors have recently bought and sold shares of COHU. Bessemer Group Inc. increased its stake in Cohu by 45.4% in the 3rd quarter. Bessemer Group Inc. now owns 1,564 shares of the semiconductor company’s stock worth $31,000 after buying an additional 488 shares during the period. Hantz Financial Services Inc. lifted its position in shares of Cohu by 83.7% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,569 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 715 shares during the period. Farther Finance Advisors LLC boosted its stake in shares of Cohu by 45.0% during the fourth quarter. Farther Finance Advisors LLC now owns 1,456 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 452 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in Cohu during the fourth quarter valued at approximately $34,000. Finally, Los Angeles Capital Management LLC bought a new position in Cohu in the fourth quarter worth approximately $37,000. Hedge funds and other institutional investors own 94.67% of the company’s stock.

Cohu Stock Performance

The company has a debt-to-equity ratio of 0.36, a current ratio of 6.88 and a quick ratio of 5.69. The company has a market cap of $1.45 billion, a PE ratio of -19.47 and a beta of 1.27. The business has a fifty day simple moving average of $29.38 and a two-hundred day simple moving average of $24.96.

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

About Cohu

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.