Cohu, Inc. (NASDAQ:COHU) Receives $35.00 Consensus Target Price from Brokerages

Shares of Cohu, Inc. (NASDAQ:COHU) have received an average recommendation of “Moderate Buy” from the five research firms that are presently covering the stock, Marketbeat.com reports. Two investment analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $35.00.

Several equities analysts have commented on the stock. Citigroup downgraded shares of Cohu from a “buy” rating to a “neutral” rating and set a $36.00 price target on the stock. in a research report on Monday, July 15th. StockNews.com cut Cohu from a “hold” rating to a “sell” rating in a report on Friday, August 2nd. Finally, Needham & Company LLC decreased their price target on Cohu from $37.00 to $33.00 and set a “buy” rating for the company in a research note on Thursday, August 1st.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Signaturefd LLC grew its holdings in shares of Cohu by 1,256.3% in the 2nd quarter. Signaturefd LLC now owns 868 shares of the semiconductor company’s stock worth $29,000 after acquiring an additional 804 shares during the last quarter. First Horizon Advisors Inc. boosted its position in shares of Cohu by 558.8% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,087 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 922 shares during the period. CWM LLC increased its stake in Cohu by 158.1% in the 2nd quarter. CWM LLC now owns 1,533 shares of the semiconductor company’s stock worth $51,000 after purchasing an additional 939 shares in the last quarter. 1620 Investment Advisors Inc. acquired a new stake in Cohu during the 2nd quarter worth about $97,000. Finally, Perkins Coie Trust Co purchased a new stake in Cohu during the second quarter valued at about $132,000. Institutional investors own 94.67% of the company’s stock.

Cohu Stock Performance

Shares of NASDAQ COHU opened at $25.57 on Friday. Cohu has a 12-month low of $22.80 and a 12-month high of $36.60. The company has a market cap of $1.20 billion, a PE ratio of -511.40 and a beta of 1.53. The stock has a 50 day simple moving average of $26.48 and a 200-day simple moving average of $29.82. The company has a current ratio of 6.95, a quick ratio of 5.09 and a debt-to-equity ratio of 0.01.

Cohu (NASDAQ:COHU) last announced its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.03). The business had revenue of $104.70 million for the quarter, compared to analyst estimates of $105.00 million. Cohu had a positive return on equity of 1.27% and a negative net margin of 5.70%. On average, equities research analysts forecast that Cohu will post -0.41 EPS for the current year.

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.