Cohu, Inc. (NASDAQ:COHU) Receives $35.00 Average Price Target from Analysts

Cohu, Inc. (NASDAQ:COHU) has been given an average rating of “Moderate Buy” by the five brokerages that are covering the stock, Marketbeat reports. Two analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $35.00.

Several brokerages have recently weighed in on COHU. StockNews.com cut Cohu from a “hold” rating to a “sell” rating in a research report on Friday, August 2nd. Citigroup cut Cohu from a “buy” rating to a “neutral” rating and set a $36.00 price target on the stock. in a research report on Monday, July 15th. Finally, Needham & Company LLC cut their price objective on Cohu from $37.00 to $33.00 and set a “buy” rating for the company in a report on Thursday, August 1st.

Cohu Trading Down 1.1 %

Shares of COHU opened at $24.22 on Friday. The business’s 50-day moving average price is $26.82 and its 200-day moving average price is $29.89. Cohu has a twelve month low of $22.80 and a twelve month high of $36.60. The stock has a market cap of $1.14 billion, a PE ratio of -484.40 and a beta of 1.53. The company has a quick ratio of 5.09, a current ratio of 6.95 and a debt-to-equity ratio of 0.01.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of the business. Sanctuary Advisors LLC purchased a new stake in Cohu in the second quarter worth approximately $357,000. Creative Planning purchased a new stake in Cohu in the second quarter worth approximately $282,000. Algert Global LLC boosted its stake in Cohu by 38.0% in the second quarter. Algert Global LLC now owns 17,214 shares of the semiconductor company’s stock worth $570,000 after buying an additional 4,744 shares in the last quarter. Pacific Ridge Capital Partners LLC boosted its stake in Cohu by 10.3% in the second quarter. Pacific Ridge Capital Partners LLC now owns 42,231 shares of the semiconductor company’s stock worth $1,398,000 after buying an additional 3,936 shares in the last quarter. Finally, Mackenzie Financial Corp boosted its stake in Cohu by 5.6% in the second quarter. Mackenzie Financial Corp now owns 7,939 shares of the semiconductor company’s stock worth $263,000 after buying an additional 419 shares in 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.