Cohu’s (COHU) “Hold” Rating Reaffirmed at Needham & Company LLC

Cohu (NASDAQ:COHU)‘s stock had its “hold” rating reissued by analysts at Needham & Company LLC in a research note issued to investors on Tuesday,Benzinga reports.

Other equities research analysts have also recently issued reports about the company. TD Cowen lowered their target price on Cohu from $36.00 to $30.00 and set a “buy” rating for the company in a report on Friday, November 1st. Stifel Nicolaus cut their target price 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. Craig Hallum raised shares of Cohu from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Friday, November 1st. B. Riley cut their price objective 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. Finally, The Goldman Sachs Group reduced their price objective on shares of Cohu from $26.00 to $23.00 and set a “sell” rating for the company in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, Cohu currently has an average rating of “Hold” and a consensus price target of $30.57.

Cohu Stock Down 8.0 %

Shares of COHU opened at $19.34 on Tuesday. 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 stock has a market capitalization of $903.37 million, a price-to-earnings ratio of -12.89 and a beta of 1.45. Cohu has a 1 year low of $19.33 and a 1 year high of $36.60. The business’s 50 day simple moving average is $24.11 and its 200-day simple moving average is $25.18.

Cohu (NASDAQ:COHU) last announced its 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, equities analysts expect that Cohu will post -0.36 earnings per share for the current fiscal year.

Institutional Trading of Cohu

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Victory Capital Management Inc. increased its position in Cohu by 7.1% during the 3rd quarter. Victory Capital Management Inc. now owns 3,358,288 shares of the semiconductor company’s stock valued at $86,308,000 after buying an additional 224,022 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Cohu by 1.4% during the fourth quarter. Franklin Resources Inc. now owns 3,191,263 shares of the semiconductor company’s stock valued at $85,207,000 after acquiring an additional 45,571 shares in the last quarter. Thrivent Financial for Lutherans raised its position in shares of Cohu by 78.8% in the 4th quarter. Thrivent Financial for Lutherans now owns 2,615,235 shares of the semiconductor company’s stock valued at $69,827,000 after purchasing an additional 1,152,825 shares during the last quarter. Royce & Associates LP boosted its stake in Cohu by 28.0% in the 4th 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 in the last quarter. Finally, Ameriprise Financial Inc. grew its position in Cohu by 15.5% during the 4th quarter. Ameriprise Financial Inc. now owns 1,148,977 shares of the semiconductor company’s stock worth $30,678,000 after purchasing an additional 154,550 shares during 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.