Stifel Nicolaus Lowers Cohu (NASDAQ:COHU) Price Target to $28.00

Cohu (NASDAQ:COHU) had its price objective dropped by research analysts at Stifel Nicolaus from $35.00 to $28.00 in a research note issued on Friday,Benzinga reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. Stifel Nicolaus’ target price would indicate a potential upside of 67.77% from the stock’s current price.

A number of other equities analysts also recently weighed in on COHU. TD Cowen cut their price target on shares of Cohu from $27.00 to $22.00 and set a “buy” rating on the stock in a research note on Friday. Needham & Company LLC reiterated a “hold” rating on shares of Cohu in a report on Friday. Finally, B. Riley lowered their price target on Cohu from $34.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, February 14th. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Cohu presently has an average rating of “Hold” and a consensus price target of $28.43.

Cohu Stock Up 3.9 %

Shares of NASDAQ COHU opened at $16.69 on Friday. The firm has a market cap of $776.75 million, a P/E ratio of -11.13 and a beta of 1.39. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.69 and a current ratio of 6.38. Cohu has a 1 year low of $12.57 and a 1 year high of $36.60. The firm’s 50 day moving average price is $16.04 and its 200 day moving average price is $21.97.

Cohu (NASDAQ:COHU) last announced its quarterly earnings data on Thursday, May 1st. The semiconductor company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.14. Cohu had a negative return on equity of 3.18% and a negative net margin of 17.38%. The business had revenue of $96.80 million during the quarter, compared to the consensus estimate of $96.61 million. During the same quarter in the previous year, the business earned $0.01 earnings per share. The business’s revenue for the quarter was down 10.0% on a year-over-year basis. As a group, sell-side analysts anticipate that Cohu will post -0.36 earnings per share for the current year.

Hedge Funds Weigh In On Cohu

A number of institutional investors and hedge funds have recently added to or reduced their stakes in the company. Versant Capital Management Inc increased its position in shares of Cohu by 232.0% during the first quarter. Versant Capital Management Inc now owns 2,417 shares of the semiconductor company’s stock worth $36,000 after acquiring an additional 1,689 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. increased its holdings in Cohu by 1,225.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,392 shares of the semiconductor company’s stock worth $37,000 after purchasing an additional 1,287 shares during the last quarter. GAMMA Investing LLC raised its position in shares of Cohu by 172.2% in the 1st quarter. GAMMA Investing LLC now owns 2,659 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 1,682 shares in the last quarter. Sterling Capital Management LLC boosted its stake in shares of Cohu by 826.9% during the 4th quarter. Sterling Capital Management LLC now owns 1,483 shares of the semiconductor company’s stock valued at $40,000 after buying an additional 1,323 shares during the last quarter. Finally, Smartleaf Asset Management LLC grew its position in shares of Cohu by 413.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,740 shares of the semiconductor company’s stock worth $46,000 after buying an additional 1,401 shares in the last quarter. 94.67% of the stock is owned by hedge funds and other 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.