Cohu (NASDAQ:COHU) Reaches New 52-Week Low – What’s Next?

Cohu, Inc. (NASDAQ:COHU) reached a new 52-week low during trading on Monday . The company traded as low as $19.33 and last traded at $19.34, with a volume of 517214 shares changing hands. The stock had previously closed at $21.03.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. B. Riley lowered their price target on Cohu from $34.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, February 14th. The Goldman Sachs Group dropped their price target on Cohu from $26.00 to $23.00 and set a “sell” rating on the stock in a research report on Friday, November 1st. Needham & Company LLC reiterated a “hold” rating on shares of Cohu in a report on Friday, February 14th. Craig Hallum raised Cohu from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Friday, November 1st. Finally, Stifel Nicolaus dropped their target price on Cohu from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Cohu currently has an average rating of “Hold” and a consensus price target of $30.57.

Cohu Trading Down 8.0 %

The business has a 50-day moving average of $24.28 and a 200-day moving average of $25.22. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.38 and a quick ratio of 4.69. The firm has a market cap of $901.44 million, a price-to-earnings ratio of -12.89 and a beta of 1.45.

Cohu (NASDAQ:COHU) last posted its quarterly earnings results on Thursday, February 20th. The semiconductor company reported ($0.25) earnings per share for the quarter, missing the consensus estimate of ($0.07) by ($0.18). Cohu had a negative return on equity of 3.18% and a negative net margin of 17.38%. Research analysts anticipate that Cohu, Inc. will post -0.36 EPS for the current year.

Institutional Trading of Cohu

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. International Assets Investment Management LLC acquired a new position in shares of Cohu during the 3rd quarter worth about $528,000. Charles Schwab Investment Management Inc. grew its holdings in Cohu by 10.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 624,274 shares of the semiconductor company’s stock worth $16,044,000 after purchasing an additional 59,806 shares during the period. Creative Planning increased its position in Cohu by 219.4% during the third quarter. Creative Planning now owns 27,237 shares of the semiconductor company’s stock worth $700,000 after buying an additional 18,709 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in Cohu by 286.1% in the third quarter. Assenagon Asset Management S.A. now owns 107,817 shares of the semiconductor company’s stock valued at $2,771,000 after buying an additional 79,890 shares during the period. Finally, Victory Capital Management Inc. lifted its position in shares of Cohu by 7.1% in the third quarter. Victory Capital Management Inc. now owns 3,358,288 shares of the semiconductor company’s stock valued at $86,308,000 after buying an additional 224,022 shares during the last quarter. 94.67% of the stock is owned by institutional investors.

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.