Cohu (NASDAQ:COHU) Shares Gap Up Following Analyst Upgrade

Shares of Cohu, Inc. (NASDAQ:COHU) gapped up before the market opened on Thursday after Stifel Nicolaus raised their price target on the stock from $50.00 to $70.00. The stock had previously closed at $52.12, but opened at $56.49. Stifel Nicolaus currently has a buy rating on the stock. Cohu shares last traded at $57.9290, with a volume of 101,746 shares trading hands.

A number of other equities research analysts have also weighed in on the stock. TD Cowen boosted their target price on shares of Cohu from $60.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, June 16th. Zacks Research upgraded shares of Cohu from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Jefferies Financial Group set a $60.00 price objective on shares of Cohu and gave the stock a “buy” rating in a research note on Friday, May 1st. Needham & Company LLC increased their price objective on Cohu from $33.00 to $54.00 and gave the company a “buy” rating in a report on Friday, May 1st. Finally, B. Riley Financial reaffirmed a “buy” rating on shares of Cohu in a research report on Monday, April 20th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $59.29.

Insider Transactions at Cohu

In other news, CFO Jeffrey D. Jones sold 13,000 shares of the firm’s stock in a transaction that occurred on Friday, May 22nd. The stock was sold at an average price of $46.84, for a total value of $608,920.00. Following the transaction, the chief financial officer owned 343,792 shares in the company, valued at $16,103,217.28. This trade represents a 3.64% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Christopher Bohrson sold 1,000 shares of Cohu stock in a transaction that occurred on Monday, June 15th. The shares were sold at an average price of $63.88, for a total value of $63,880.00. Following the transaction, the senior vice president directly owned 171,702 shares in the company, valued at approximately $10,968,323.76. The trade was a 0.58% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders sold 90,668 shares of company stock valued at $4,248,016. Corporate insiders own 3.05% of the company’s stock.

Key Headlines Impacting Cohu

Here are the key news stories impacting Cohu this week:

• Positive Sentiment: Stifel Nicolaus raised its price target on Cohu to $70 from $50 and reiterated a buy rating, signaling increased confidence in upside potential and stronger valuation prospects. Article Title
• Positive Sentiment: Robert W. Baird upgraded Cohu to “strong-buy,” adding to the bullish analyst momentum and reinforcing investor expectations for improved demand, including AI-related semiconductor equipment demand. Article Title
• Positive Sentiment: Earlier coverage highlighted Cohu as a beneficiary of AI-driven demand, with an analyst initiation at outperform helping fuel the stock’s recent rally. Article Title
• Neutral Sentiment: Reported short interest data showed no meaningful change, with the filing indicating 0 shares short and a 0.0-day days-to-cover ratio, which does not currently signal a material bearish pressure or squeeze setup.

Institutional Trading of Cohu

Several institutional investors have recently made changes to their positions in COHU. Hollencrest Capital Management bought a new stake in Cohu in the 1st quarter worth about $31,000. Kestra Advisory Services LLC purchased a new position in shares of Cohu in the 4th quarter worth approximately $34,000. Farther Finance Advisors LLC boosted its stake in shares of Cohu by 45.0% in the 4th quarter. Farther Finance Advisors LLC now owns 1,456 shares of the semiconductor company’s stock worth $34,000 after buying an additional 452 shares during the last quarter. Los Angeles Capital Management LLC bought a new position in shares of Cohu in the fourth quarter valued at approximately $37,000. Finally, Gen Wealth Partners Inc bought a new position in shares of Cohu in the fourth quarter valued at approximately $44,000. Institutional investors own 94.67% of the company’s stock.

Cohu Stock Up 1.9%

The company has a quick ratio of 5.31, a current ratio of 6.43 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $2.65 billion, a PE ratio of -47.20 and a beta of 1.55. The stock has a 50-day moving average of $55.79 and a 200 day moving average of $39.70.

Cohu (NASDAQ:COHU) last posted its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $0.01 earnings per share for the quarter, missing the consensus estimate of $0.03 by ($0.02). The business had revenue of $125.12 million during the quarter, compared to analysts’ expectations of $122.14 million. Cohu had a negative return on equity of 3.50% and a negative net margin of 11.54%.The firm’s revenue for the quarter was up 29.3% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.02) EPS. Sell-side analysts anticipate that Cohu, Inc. will post 0.17 EPS for the current year.

Cohu Company Profile

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.