B. Riley Issues Pessimistic Forecast for Cohu (NASDAQ:COHU) Stock Price

Cohu (NASDAQ:COHU - Get Free Report) had its price objective lowered by equities research analysts at B. Riley from $34.00 to $30.00 in a research note issued to investors on Friday,Benzinga reports. The firm presently has a "buy" rating on the semiconductor company's stock. B. Riley's price objective indicates a potential upside of 40.81% from the stock's previous close.

A number of other equities analysts also recently issued reports on COHU. TD Cowen dropped their price objective on Cohu from $36.00 to $30.00 and set a "buy" rating on the stock in a report on Friday, November 1st. The Goldman Sachs Group dropped their price target on shares of Cohu from $26.00 to $23.00 and set a "sell" rating on the stock in a research note on Friday, November 1st. Stifel Nicolaus reduced their price objective on shares of Cohu from $40.00 to $35.00 and set a "buy" rating for the company in a research report on Friday. Needham & Company LLC reiterated a "hold" rating on shares of Cohu in a research report on Friday. Finally, Craig Hallum upgraded shares of Cohu from a "hold" rating to a "buy" rating and set a $30.00 price target for the company in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus price target of $30.57.

Cohu Stock Performance

Shares of COHU traded up $0.19 during trading hours on Friday, hitting $21.31. The stock had a trading volume of 503,411 shares, compared to its average volume of 392,242. The firm has a 50-day moving average price of $24.63 and a 200 day moving average price of $25.30. Cohu has a fifty-two week low of $19.52 and a fifty-two week high of $36.60. The firm has a market capitalization of $993.03 million, a price-to-earnings ratio of -19.73 and a beta of 1.45. 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 (NASDAQ:COHU - Get Free Report) last issued its quarterly earnings data on Thursday, February 20th. The semiconductor company reported ($0.25) earnings per share for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.18). Cohu had a negative return on equity of 1.01% and a negative net margin of 11.35%. As a group, research analysts anticipate that Cohu will post -0.51 EPS for the current year.

Hedge Funds Weigh In On Cohu

A number of institutional investors and hedge funds have recently bought and sold shares of the business. Thrivent Financial for Lutherans raised its holdings in Cohu by 78.8% in the 4th quarter. Thrivent Financial for Lutherans now owns 2,615,235 shares of the semiconductor company's stock valued at $69,827,000 after acquiring an additional 1,152,825 shares during the last quarter. Franklin Resources Inc. increased its holdings in shares of Cohu by 25.9% in the third quarter. Franklin Resources Inc. now owns 3,145,692 shares of the semiconductor company's stock valued at $82,134,000 after purchasing an additional 647,828 shares during the last quarter. Frontier Capital Management Co. LLC lifted its position in Cohu by 52.2% during the fourth quarter. Frontier Capital Management Co. LLC now owns 1,139,325 shares of the semiconductor company's stock worth $30,420,000 after buying an additional 390,558 shares in the last quarter. Royce & Associates LP boosted its stake in Cohu by 28.0% during the fourth quarter. Royce & Associates LP now owns 1,442,394 shares of the semiconductor company's stock worth $38,512,000 after buying an additional 315,605 shares during the last quarter. Finally, Lightrock Netherlands B.V. purchased a new stake in Cohu in the 4th quarter valued at $8,016,000. 94.67% of the stock is currently owned by institutional investors and hedge funds.

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.