Cohu, Inc. (NASDAQ:COHU) Receives $29.50 Consensus PT from Analysts

Shares of Cohu, Inc. (NASDAQ:COHU) have been assigned a consensus recommendation of “Moderate Buy” from the six ratings firms that are covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating and five have given a buy rating to the company. The average 12-month target price among analysts that have covered the stock in the last year is $30.50.

A number of equities research analysts have recently weighed in on COHU shares. Cowen reaffirmed a “buy” rating on shares of Cohu in a report on Thursday, October 30th. Stifel Nicolaus lifted their target price on Cohu from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday. TD Cowen boosted their price target on Cohu from $22.00 to $30.00 and gave the stock a “buy” rating in a research report on Thursday, October 30th. B. Riley reissued a “buy” rating on shares of Cohu in a report on Thursday, October 30th. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Cohu in a research note on Wednesday, October 8th.

Institutional Inflows and Outflows

Hedge funds have recently made changes to their positions in the stock. Bessemer Group Inc. lifted its position in Cohu by 45.4% in the third quarter. Bessemer Group Inc. now owns 1,564 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 488 shares during the period. Hantz Financial Services Inc. raised its stake in shares of Cohu by 83.7% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,569 shares of the semiconductor company’s stock worth $32,000 after buying an additional 715 shares in the last quarter. Parallel Advisors LLC lifted its holdings in shares of Cohu by 869.6% in the second quarter. Parallel Advisors LLC now owns 1,755 shares of the semiconductor company’s stock valued at $34,000 after buying an additional 1,574 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of Cohu by 202.7% in the second quarter. Smartleaf Asset Management LLC now owns 2,113 shares of the semiconductor company’s stock valued at $41,000 after buying an additional 1,415 shares during the period. Finally, Quadrant Capital Group LLC bought a new position in Cohu during the third quarter valued at about $81,000. Institutional investors and hedge funds own 94.67% of the company’s stock.

Cohu Stock Performance

COHU stock opened at $28.25 on Friday. Cohu has a 1 year low of $12.57 and a 1 year high of $30.56. The stock has a market capitalization of $1.32 billion, a price-to-earnings ratio of -17.99 and a beta of 1.27. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.24 and a current ratio of 4.39. The stock’s fifty day moving average is $24.31 and its two-hundred day moving average is $22.00.

Cohu (NASDAQ:COHU) last released its quarterly earnings results on Wednesday, October 29th. The semiconductor company reported ($0.06) EPS for the quarter, topping the consensus estimate of ($0.19) by $0.13. The business had revenue of $126.25 million during the quarter, compared to analyst estimates of $124.98 million. Cohu had a negative net margin of 17.22% and a negative return on equity of 3.73%. The company’s quarterly revenue was up 32.5% on a year-over-year basis. During the same quarter in the prior year, the firm earned ($0.08) earnings per share. On average, research analysts predict that Cohu will post -0.36 EPS for the current year.

About Cohu

Cohu, Inc is a global provider of semiconductor test and inspection solutions, offering a broad portfolio of products designed to support chip manufacturers, outsourced semiconductor assembly and test (OSAT) providers, and electronics original equipment manufacturers (OEMs). The company’s product lineup includes automatic test handlers, wafer probers, test sockets, thermal subassembly systems and burn-in boards, all engineered to optimize throughput, accuracy and reliability in semiconductor production and final test.

Founded in 1947 and headquartered in Poway, California, Cohu has grown through both organic development and targeted acquisitions to become a recognized leader in test handling and interconnect technologies.