Stifel Nicolaus Lowers Cohu (NASDAQ:COHU) Price Target to $35.00

Cohu (NASDAQ:COHU) had its price objective dropped by equities research analysts at Stifel Nicolaus from $40.00 to $35.00 in a research report issued to clients and investors on Friday,Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 64.07% from the company’s previous close.

A number of other analysts also recently commented on the company. The Goldman Sachs Group dropped their price objective on Cohu from $26.00 to $23.00 and set a “sell” rating on the stock in a research note on Friday, November 1st. Needham & Company LLC reaffirmed a “hold” rating on shares of Cohu in a research report on Friday. Craig Hallum raised Cohu from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Friday, November 1st. Finally, TD Cowen cut their target price on Cohu from $36.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $32.00.

Cohu Stock Down 0.6 %

COHU stock traded down $0.14 during midday trading on Friday, hitting $21.33. 181,765 shares of the company’s stock were exchanged, compared to its average volume of 361,645. The company has a current ratio of 6.38, a quick ratio of 4.69 and a debt-to-equity ratio of 0.01. Cohu has a 12-month low of $19.52 and a 12-month high of $36.60. The firm has a 50 day moving average price of $24.98 and a 200-day moving average price of $25.54. The stock has a market capitalization of $994.33 million, a price-to-earnings ratio of -19.58 and a beta of 1.45.

Cohu (NASDAQ:COHU) last posted its quarterly earnings data on Thursday, February 20th. The semiconductor company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). Cohu had a negative return on equity of 1.01% and a negative net margin of 11.35%. On average, analysts anticipate that Cohu will post -0.51 EPS for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Creative Planning purchased a new position in Cohu in the second quarter valued at about $282,000. Sanctuary Advisors LLC bought a new stake in shares of Cohu during the 2nd quarter worth about $357,000. Inspire Investing LLC boosted its stake in shares of Cohu by 49.4% during the 3rd quarter. Inspire Investing LLC now owns 15,974 shares of the semiconductor company’s stock worth $411,000 after acquiring an additional 5,281 shares in the last quarter. Trust Point Inc. bought a new stake in shares of Cohu during the 3rd quarter worth about $552,000. Finally, International Assets Investment Management LLC bought a new stake in shares of Cohu during the 3rd quarter worth about $528,000. 94.67% of the stock is owned by institutional investors and hedge funds.

About Cohu

Cohu, Inc, through its subsidiaries, provides semiconductor test equipment and services in China, the United States, Taiwan, Malaysia, the Philippines, and internationally. The company supplies semiconductor test and inspection handlers, micro-electromechanical system (MEMS) test modules, test contactors, thermal sub-systems, and semiconductor automated test equipment for semiconductor manufacturers and test subcontractors.