Cohu, Inc. (NASDAQ:COHU) Given Average Rating of “Hold” by Analysts

Shares of Cohu, Inc. (NASDAQ:COHU) have been given a consensus recommendation of “Hold” by the seven brokerages that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have given a hold recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $30.57.

A number of research firms have recently issued reports on COHU. TD Cowen dropped their price objective on shares of Cohu from $36.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Craig Hallum upgraded shares of Cohu from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Friday, November 1st. Stifel Nicolaus dropped their price objective on shares of Cohu from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. Needham & Company LLC restated a “hold” rating on shares of Cohu in a research note on Friday, February 14th. Finally, B. Riley dropped their price target on shares of Cohu from $34.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, February 14th.

Cohu Stock Down 2.0 %

COHU opened at $21.03 on Monday. The firm has a 50 day moving average price of $24.28 and a 200 day moving average price of $25.21. The company has a market cap of $980.29 million, a PE ratio of -14.02 and a beta of 1.45. Cohu has a 1 year low of $19.52 and a 1 year high of $36.60. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.69 and a current ratio of 6.38.

Cohu (NASDAQ:COHU) last posted 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%. Sell-side analysts expect that Cohu will post -0.36 earnings per share for the current year.

Hedge Funds Weigh In On Cohu

A number of hedge funds have recently added to or reduced their stakes in COHU. Thrivent Financial for Lutherans boosted its holdings in Cohu by 78.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 2,615,235 shares of the semiconductor company’s stock worth $69,827,000 after purchasing an additional 1,152,825 shares during the period. Franklin Resources Inc. boosted its holdings in Cohu by 25.9% in the third quarter. Franklin Resources Inc. now owns 3,145,692 shares of the semiconductor company’s stock worth $82,134,000 after purchasing an additional 647,828 shares during the period. Frontier Capital Management Co. LLC boosted its holdings in Cohu by 52.2% in the fourth quarter. Frontier Capital Management Co. LLC now owns 1,139,325 shares of the semiconductor company’s stock worth $30,420,000 after purchasing an additional 390,558 shares during the period. Royce & Associates LP boosted its holdings in Cohu by 28.0% in the fourth quarter. Royce & Associates LP now owns 1,442,394 shares of the semiconductor company’s stock worth $38,512,000 after purchasing an additional 315,605 shares during the period. Finally, Lightrock Netherlands B.V. acquired a new position in Cohu in the fourth quarter worth $8,016,000. Institutional investors and hedge funds 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.