Cohu (NASDAQ:COHU) Sets New 12-Month Low at $23.92

Shares of Cohu, Inc. (NASDAQ:COHU) hit a new 52-week low during trading on Monday . The stock traded as low as $23.92 and last traded at $24.06, with a volume of 9441 shares traded. The stock had previously closed at $24.18.

Wall Street Analyst Weigh In

Several analysts have recently issued reports on the stock. StockNews.com lowered shares of Cohu from a “hold” rating to a “sell” rating in a research report on Friday, August 2nd. Citigroup cut shares of Cohu from a “buy” rating to a “neutral” rating and set a $36.00 price objective for the company. in a research note on Monday, July 15th. Finally, Needham & Company LLC decreased their target price on Cohu from $37.00 to $33.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $35.00.

Cohu Price Performance

The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.09 and a current ratio of 6.95. The stock has a market capitalization of $1.07 billion, a P/E ratio of -463.80 and a beta of 1.53. The firm has a 50-day moving average price of $28.81 and a 200 day moving average price of $30.42.

Cohu (NASDAQ:COHU) last released its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported ($0.12) EPS for the quarter, missing the consensus estimate of ($0.09) by ($0.03). The company had revenue of $104.70 million during the quarter, compared to analysts’ expectations of $105.00 million. Cohu had a positive return on equity of 1.27% and a negative net margin of 5.70%. On average, analysts expect that Cohu, Inc. will post -0.41 EPS for the current year.

Hedge Funds Weigh In On Cohu

Large investors have recently bought and sold shares of the stock. TFO Wealth Partners LLC increased its stake in Cohu by 10,587.5% in the 4th quarter. TFO Wealth Partners LLC now owns 855 shares of the semiconductor company’s stock worth $283,000 after purchasing an additional 847 shares during the period. Signaturefd LLC increased its stake in shares of Cohu by 1,256.3% during the second quarter. Signaturefd LLC now owns 868 shares of the semiconductor company’s stock valued at $29,000 after buying an additional 804 shares during the period. First Horizon Advisors Inc. increased its stake in shares of Cohu by 558.8% during the second quarter. First Horizon Advisors Inc. now owns 1,087 shares of the semiconductor company’s stock valued at $36,000 after buying an additional 922 shares during the period. CWM LLC increased its stake in shares of Cohu by 158.1% during the second quarter. CWM LLC now owns 1,533 shares of the semiconductor company’s stock valued at $51,000 after buying an additional 939 shares during the period. Finally, 1620 Investment Advisors Inc. purchased a new position in shares of Cohu during the second quarter valued at approximately $97,000. 94.67% of the stock is owned by hedge funds and other institutional investors.

About Cohu

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.