Cohu (NASDAQ:COHU) Price Target Raised to $30.00 at DA Davidson

Cohu (NASDAQ:COHU) had its target price boosted by DA Davidson from $3.00 to $30.00 in a research note released on Tuesday morning, The Fly reports. The brokerage currently has a buy rating on the semiconductor company’s stock.

COHU has been the subject of several other research reports. BidaskClub raised shares of Cohu from a buy rating to a strong-buy rating in a report on Wednesday, December 18th. ValuEngine lowered shares of Cohu from a buy rating to a hold rating in a report on Saturday, December 21st. Zacks Investment Research raised shares of Cohu from a hold rating to a buy rating and set a $26.00 price objective for the company in a report on Wednesday, January 8th. Finally, Deutsche Bank started coverage on shares of Cohu in a report on Sunday. They set a buy rating and a $27.00 price objective for the company. One investment analyst has rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company. The stock has a consensus rating of Buy and an average target price of $25.00.

NASDAQ:COHU opened at $23.99 on Tuesday. Cohu has a 12-month low of $11.37 and a 12-month high of $24.44. The company has a quick ratio of 2.14, a current ratio of 3.10 and a debt-to-equity ratio of 0.76. The firm has a market capitalization of $959.65 million, a PE ratio of 19.34 and a beta of 1.47. The firm has a 50-day moving average price of $21.03 and a 200 day moving average price of $16.43.

Cohu (NASDAQ:COHU) last posted its quarterly earnings data on Sunday, November 3rd. The semiconductor company reported $0.12 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.06) by $0.18. The company had revenue of $143.50 million during the quarter, compared to analyst estimates of $142.99 million. Cohu had a negative net margin of 17.84% and a positive return on equity of 0.35%. The company’s revenue was up 66.5% on a year-over-year basis. During the same quarter last year, the business posted $0.30 earnings per share. On average, research analysts expect that Cohu will post -0.13 EPS for the current year.

The business also recently declared a dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, November 15th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Thursday, November 14th. Cohu’s dividend payout ratio (DPR) is currently 19.35%.

In other news, VP Pascal Ronde sold 10,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The shares were sold at an average price of $19.45, for a total transaction of $194,500.00. Following the sale, the vice president now directly owns 152,705 shares of the company’s stock, valued at $2,970,112.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Steven J. Bilodeau sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $20.00, for a total transaction of $100,000.00. Following the sale, the director now directly owns 97,600 shares in the company, valued at $1,952,000. The disclosure for this sale can be found here. 3.52% of the stock is owned by corporate insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Marshall Wace North America L.P. bought a new stake in shares of Cohu during the second quarter valued at approximately $234,000. First Trust Advisors LP bought a new stake in shares of Cohu during the third quarter valued at approximately $1,435,000. California State Teachers Retirement System grew its stake in shares of Cohu by 1.2% during the third quarter. California State Teachers Retirement System now owns 62,737 shares of the semiconductor company’s stock valued at $847,000 after purchasing an additional 749 shares during the last quarter. Kovitz Investment Group Partners LLC grew its stake in shares of Cohu by 0.6% during the second quarter. Kovitz Investment Group Partners LLC now owns 209,922 shares of the semiconductor company’s stock valued at $3,239,000 after purchasing an additional 1,292 shares during the last quarter. Finally, Morgan Stanley grew its stake in shares of Cohu by 922.5% during the second quarter. Morgan Stanley now owns 180,046 shares of the semiconductor company’s stock valued at $2,778,000 after purchasing an additional 162,438 shares during the last quarter. 91.37% of the stock is currently owned by institutional investors and hedge funds.

Cohu Company Profile

Cohu, Inc, through its subsidiaries, provides semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors, thermal sub-systems, semiconductor automated test equipment (ATE), and bare board printed circuit board (PCB) test systems for semiconductor and electronics manufacturers, and test subcontractors worldwide.

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Analyst Recommendations for Cohu (NASDAQ:COHU)

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