Cohu, Inc. (NASDAQ:COHU) Receives Consensus Rating of “Hold” from Brokerages

Cohu, Inc. (NASDAQ:COHU) has been assigned a consensus rating of “Hold” from the seven analysts that are currently covering the stock, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating on the company. The average 1-year target price among brokers that have covered the stock in the last year is $30.57.

A number of equities analysts recently issued reports on the company. B. Riley cut their target price on Cohu from $34.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Needham & Company LLC restated a “hold” rating on shares of Cohu in a research note on Tuesday, February 25th. Finally, Stifel Nicolaus dropped their price objective on Cohu from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Friday, February 14th.

Institutional Investors Weigh In On Cohu

Large investors have recently made changes to their positions in the business. Bank of New York Mellon Corp increased its position in shares of Cohu by 2.1% during the 4th quarter. Bank of New York Mellon Corp now owns 926,322 shares of the semiconductor company’s stock valued at $24,733,000 after purchasing an additional 19,236 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Cohu by 10.6% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 624,274 shares of the semiconductor company’s stock valued at $16,044,000 after purchasing an additional 59,806 shares during the last quarter. Principal Financial Group Inc. increased its position in shares of Cohu by 2.2% during the 4th quarter. Principal Financial Group Inc. now owns 226,031 shares of the semiconductor company’s stock valued at $6,035,000 after purchasing an additional 4,920 shares during the last quarter. Victory Capital Management Inc. increased its holdings in Cohu by 7.1% in the 3rd quarter. Victory Capital Management Inc. now owns 3,358,288 shares of the semiconductor company’s stock worth $86,308,000 after acquiring an additional 224,022 shares during the last quarter. Finally, Thrivent Financial for Lutherans increased its holdings in Cohu by 11.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 1,462,410 shares of the semiconductor company’s stock worth $37,584,000 after acquiring an additional 152,574 shares during the last quarter. 94.67% of the stock is owned by hedge funds and other institutional investors.

Cohu Stock Performance

Shares of COHU stock opened at $16.89 on Friday. The business’s 50 day simple moving average is $20.92 and its 200 day simple moving average is $24.17. Cohu has a one year low of $15.61 and a one year high of $36.60. The stock has a market capitalization of $788.93 million, a PE ratio of -11.26 and a beta of 1.50. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.38 and a quick ratio of 4.69.

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

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.