Cohu, Inc. (NASDAQ:COHU) Receives $37.33 Consensus Price Target from Analysts

Cohu, Inc. (NASDAQ:COHU) has received a consensus recommendation of “Moderate Buy” from the six ratings firms that are currently covering the stock, Marketbeat reports. One investment analyst has rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12 month target price among brokerages that have updated their coverage on the stock in the last year is $37.33.

Several brokerages recently issued reports on COHU. B. Riley cut their target price on shares of Cohu from $45.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, May 3rd. Citigroup cut their price objective on shares of Cohu from $40.00 to $36.00 and set a “buy” rating for the company in a research report on Monday, May 6th. Craig Hallum cut their price objective on shares of Cohu from $35.00 to $30.00 and set a “hold” rating for the company in a research report on Friday, May 3rd. TD Cowen cut their price objective on shares of Cohu from $40.00 to $36.00 and set a “buy” rating for the company in a research report on Friday, May 3rd. Finally, Needham & Company LLC cut their price objective on shares of Cohu from $36.00 to $34.00 and set a “buy” rating for the company in a research report on Monday, May 6th.

Cohu Trading Up 0.0 %

Shares of NASDAQ:COHU opened at $35.24 on Friday. Cohu has a 52-week low of $28.57 and a 52-week high of $43.99. The company has a market capitalization of $1.66 billion, a P/E ratio of -704.80 and a beta of 1.58. The company has a 50-day simple moving average of $31.74 and a 200 day simple moving average of $32.08. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.63 and a current ratio of 6.29.

Cohu (NASDAQ:COHU) last issued its earnings results on Thursday, May 2nd. The semiconductor company reported ($0.06) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.07) by $0.01. Cohu had a negative net margin of 0.38% and a positive return on equity of 3.91%. The business had revenue of $107.61 million during the quarter, compared to the consensus estimate of $107.00 million. Sell-side analysts forecast that Cohu will post -0.07 earnings per share for the current year.

Insider Transactions at Cohu

In other news, Director William Bendush sold 2,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $29.27, for a total transaction of $73,175.00. Following the transaction, the director now directly owns 34,162 shares of the company’s stock, valued at $999,921.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Director William Bendush sold 2,500 shares of Cohu stock in a transaction that occurred on Thursday, May 16th. The shares were sold at an average price of $29.27, for a total value of $73,175.00. Following the transaction, the director now directly owns 34,162 shares of the company’s stock, valued at $999,921.74. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Thomas D. Kampfer sold 3,000 shares of Cohu stock in a transaction that occurred on Wednesday, May 15th. The shares were sold at an average price of $29.43, for a total transaction of $88,290.00. Following the completion of the transaction, the vice president now directly owns 51,442 shares in the company, valued at $1,513,938.06. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 10,091 shares of company stock valued at $298,755. 2.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in the company. Texas Permanent School Fund Corp increased its stake in Cohu by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 41,576 shares of the semiconductor company’s stock valued at $1,386,000 after acquiring an additional 539 shares during the last quarter. Linden Thomas Advisory Services LLC grew its stake in shares of Cohu by 1.7% during the second quarter. Linden Thomas Advisory Services LLC now owns 34,091 shares of the semiconductor company’s stock worth $1,128,000 after buying an additional 555 shares during the last quarter. ProShare Advisors LLC grew its stake in shares of Cohu by 7.4% during the first quarter. ProShare Advisors LLC now owns 9,433 shares of the semiconductor company’s stock worth $314,000 after buying an additional 649 shares during the last quarter. TFO Wealth Partners LLC grew its stake in shares of Cohu by 10,587.5% during the fourth quarter. TFO Wealth Partners LLC now owns 855 shares of the semiconductor company’s stock worth $283,000 after buying an additional 847 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Cohu by 4.2% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,314 shares of the semiconductor company’s stock worth $754,000 after buying an additional 865 shares during the last quarter. 94.67% of the stock is owned by institutional investors.

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.