Cohu (NASDAQ:COHU) Stock Rating Raised to “Buy” at Wall Street Zen

Wall Street Zen upgraded shares of Cohu (NASDAQ:COHU) from a hold rating to a buy rating in a report published on Saturday morning,Wall Street Zen reports.

Several other brokerages also recently commented on COHU. Weiss Ratings restated a “sell (d-)” rating on shares of Cohu in a research report on Thursday, October 15th. Zacks Research cut shares of Cohu from a “strong-buy” rating to a “hold” rating in a research note on Friday, August 28th. Needham & Company LLC restated a “buy” rating and set a $65.00 price target on shares of Cohu in a report on Thursday, October 29th. Robert W. Baird set a $83.00 price objective on shares of Cohu in a research note on Thursday, October 29th. Finally, Craig Hallum reaffirmed a “buy” rating and issued a $74.00 price objective on shares of Cohu in a research report on Friday, July 31st. One analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $74.38.

Cohu Price Performance

NASDAQ COHU opened at $38.49 on Friday. The stock has a market capitalization of $1.82 billion, a price-to-earnings ratio of -74.02 and a beta of 1.60. Cohu has a 1-year low of $21.10 and a 1-year high of $75.72. The company has a debt-to-equity ratio of 0.36, a current ratio of 5.16 and a quick ratio of 4.24. The business’s fifty day moving average price is $56.11 and its 200-day moving average price is $47.31.

Cohu (NASDAQ:COHU) last announced its earnings results on Wednesday, October 28th. The semiconductor company reported $0.43 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.35 by $0.08. The company had revenue of $172.96 million during the quarter, compared to analyst estimates of $170.25 million. Cohu had a negative net margin of 3.97% and a positive return on equity of 1.47%. The firm’s quarterly revenue was up 37.0% compared to the same quarter last year. During the same period in the previous year, the business posted ($0.06) earnings per share. On average, equities analysts predict that Cohu will post 0.63 earnings per share for the current year.

Insider Activity

In other Cohu news, SVP Christopher Bohrson sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, August 19th. The shares were sold at an average price of $55.82, for a total transaction of $558,200.00. Following the transaction, the senior vice president owned 159,702 shares of the company’s stock, valued at approximately $8,914,565.64. This trade represents a 5.89% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Luis A. Muller sold 55,794 shares of Cohu stock in a transaction that occurred on Monday, September 21st. The shares were sold at an average price of $60.00, for a total transaction of $3,347,640.00. Following the transaction, the chief executive officer directly owned 871,825 shares in the company, valued at approximately $52,309,500. The trade was a 6.01% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. 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 have sold 116,692 shares of company stock worth $7,374,716. 3.05% of the stock is owned by company insiders.

Institutional Trading of Cohu

Several hedge funds and other institutional investors have recently made changes to their positions in the business. CoreCap Advisors LLC boosted its holdings in Cohu by 150.0% in the third quarter. CoreCap Advisors LLC now owns 500 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 300 shares during the period. Fortitude Family Office LLC boosted its stake in Cohu by 147.9% in the third quarter. Fortitude Family Office LLC now owns 528 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 315 shares in the last quarter. Parallel Advisors LLC grew its position in shares of Cohu by 17.7% during the third quarter. Parallel Advisors LLC now owns 2,510 shares of the semiconductor company’s stock worth $171,000 after acquiring an additional 378 shares during the last quarter. Choreo LLC grew its holdings in shares of Cohu by 12.0% during the third quarter. Choreo LLC now owns 4,187 shares of the semiconductor company’s stock worth $285,000 after buying an additional 450 shares during the last quarter. Finally, Allworth Financial LP increased its stake in Cohu by 109.8% in the 2nd quarter. Allworth Financial LP now owns 879 shares of the semiconductor company’s stock valued at $65,000 after buying an additional 460 shares during the period. Hedge funds and other institutional investors own 94.67% of the company’s stock.

Cohu Company Profile

Cohu, Inc is a global provider of semiconductor test and inspection equipment and related services. The company supplies solutions used by semiconductor manufacturers and outsourced semiconductor assembly and test providers to evaluate devices during production, helping improve manufacturing quality, reliability and efficiency.

Cohu’s product portfolio includes semiconductor test handlers, contactors and other interface products, inspection and metrology systems, thermal-management equipment, and software for test-data analysis and factory automation.