Several other analysts have also recently commented on COHU. Zacks Investment Research cut shares of Cohu from a hold rating to a strong sell rating in a research note on Tuesday, July 7th. Needham & Company LLC began coverage on shares of Cohu in a report on Tuesday, June 16th. They set a buy rating and a $20.00 target price for the company. Cowen initiated coverage on shares of Cohu in a report on Friday, April 17th. They issued an outperform rating and a $20.00 price target on the stock. B. Riley lifted their price objective on Cohu from $19.00 to $20.00 and gave the company a buy rating in a research note on Thursday, May 21st. Finally, Stifel Nicolaus decreased their price objective on Cohu from $30.00 to $19.00 and set a buy rating for the company in a report on Tuesday, April 21st. They noted that the move was a valuation call. One analyst has rated the stock with a sell rating, one has assigned a hold rating and eight have given a buy rating to the company. The stock currently has a consensus rating of Buy and an average price target of $23.00.
Shares of COHU opened at $18.83 on Thursday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.95 and a current ratio of 2.87. The stock has a 50-day moving average of $16.98 and a two-hundred day moving average of $17.59. The stock has a market cap of $785.27 million, a P/E ratio of -15.69 and a beta of 1.88. Cohu has a one year low of $8.89 and a one year high of $26.43.
In other news, Director William Bendush sold 4,500 shares of the firm’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $15.28, for a total transaction of $68,760.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 3.07% of the company’s stock.
Several hedge funds have recently made changes to their positions in COHU. Geode Capital Management LLC lifted its position in shares of Cohu by 8.3% during the 1st quarter. Geode Capital Management LLC now owns 594,974 shares of the semiconductor company’s stock valued at $7,365,000 after buying an additional 45,483 shares in the last quarter. Goldman Sachs Group Inc. grew its position in shares of Cohu by 202.8% in the fourth quarter. Goldman Sachs Group Inc. now owns 579,276 shares of the semiconductor company’s stock valued at $13,236,000 after purchasing an additional 387,993 shares during the period. Peregrine Capital Management LLC grew its position in shares of Cohu by 73.9% in the second quarter. Peregrine Capital Management LLC now owns 373,765 shares of the semiconductor company’s stock valued at $6,481,000 after purchasing an additional 158,889 shares during the period. First Trust Advisors LP increased its stake in shares of Cohu by 149.1% during the second quarter. First Trust Advisors LP now owns 216,332 shares of the semiconductor company’s stock worth $3,751,000 after purchasing an additional 129,500 shares in the last quarter. Finally, Foundry Partners LLC raised its position in shares of Cohu by 8.8% during the 1st quarter. Foundry Partners LLC now owns 208,095 shares of the semiconductor company’s stock worth $2,576,000 after purchasing an additional 16,870 shares during the last quarter. 90.32% of the stock is 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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