Cohu (NASDAQ:COHU) Reaches New 1-Year Low – Time to Sell?

Shares of Cohu, Inc. (NASDAQ:COHU) hit a new 52-week low during trading on Monday . The company traded as low as $16.58 and last traded at $17.18, with a volume of 39630 shares traded. The stock had previously closed at $17.18.

Analysts Set New Price Targets

A number of equities analysts have commented on COHU shares. B. Riley reduced their target price on shares of Cohu from $34.00 to $30.00 and set a “buy” rating for the company in a report on Friday, February 14th. Needham & Company LLC restated a “hold” rating on shares of Cohu in a research report on Tuesday, February 25th. Finally, Stifel Nicolaus reduced their price target on shares of Cohu from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Cohu currently has an average rating of “Hold” and a consensus price target of $30.57.

Cohu Stock Down 2.3 %

The stock has a market capitalization of $784.26 million, a price-to-earnings ratio of -11.17 and a beta of 1.50. The firm’s fifty day moving average is $22.71 and its 200-day moving average is $24.75. 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 posted its earnings results on Thursday, February 20th. The semiconductor company reported ($0.25) EPS 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%. On average, sell-side analysts predict that Cohu, Inc. will post -0.36 earnings per share for the current year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of COHU. Mitsubishi UFJ Asset Management Co. Ltd. increased its stake in shares of Cohu by 1,225.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,392 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 1,287 shares during the last quarter. Sterling Capital Management LLC lifted its position in Cohu by 826.9% in the fourth quarter. Sterling Capital Management LLC now owns 1,483 shares of the semiconductor company’s stock worth $40,000 after purchasing an additional 1,323 shares during the period. First Horizon Advisors Inc. boosted its holdings in Cohu by 49.2% during the third quarter. First Horizon Advisors Inc. now owns 1,622 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 535 shares in the last quarter. Smartleaf Asset Management LLC boosted its stake in Cohu by 413.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,740 shares of the semiconductor company’s stock valued at $46,000 after buying an additional 1,401 shares in the last quarter. Finally, KBC Group NV grew its holdings 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 last quarter. 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.