Cohu (NASDAQ:COHU) Sets New 1-Year Low – What’s Next?

Cohu, Inc. (NASDAQ:COHU) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $14.34 and last traded at $15.41, with a volume of 612025 shares. The stock had previously closed at $14.72.

Analyst Ratings Changes

A number of brokerages recently weighed in on COHU. Needham & Company LLC reissued a “hold” rating on shares of Cohu in a report on Tuesday, February 25th. Stifel Nicolaus lowered their price objective on shares of Cohu from $40.00 to $35.00 and set a “buy” rating for the company in a report on Friday, February 14th. Finally, B. Riley reduced their target price on shares of Cohu from $34.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $30.57.

Cohu Trading Up 4.7 %

The firm’s 50 day moving average is $19.40 and its 200 day moving average is $23.63. 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 company has a market capitalization of $719.80 million, a PE ratio of -10.27 and a beta of 1.50.

Cohu (NASDAQ:COHU) last released its quarterly earnings data on Thursday, February 20th. The semiconductor company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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, equities analysts predict that Cohu, Inc. will post -0.36 EPS for the current year.

Institutional Investors Weigh In On Cohu

Institutional investors and hedge funds have recently bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Cohu by 1,225.7% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,392 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 1,287 shares during the period. Sterling Capital Management LLC increased its position in Cohu by 826.9% during the 4th quarter. Sterling Capital Management LLC now owns 1,483 shares of the semiconductor company’s stock valued at $40,000 after purchasing an additional 1,323 shares during the period. Smartleaf Asset Management LLC raised its holdings in Cohu by 413.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,740 shares of the semiconductor company’s stock worth $46,000 after purchasing an additional 1,401 shares in the last quarter. KBC Group NV lifted its position in shares of Cohu by 75.7% in the 4th quarter. KBC Group NV now owns 2,627 shares of the semiconductor company’s stock worth $70,000 after purchasing an additional 1,132 shares during the period. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Cohu by 14.5% during the 4th quarter. Tower Research Capital LLC TRC now owns 3,842 shares of the semiconductor company’s stock valued at $103,000 after purchasing an additional 486 shares in the last quarter. Hedge funds and other institutional investors own 94.67% of the company’s stock.

Cohu Company Profile

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.