Analysts Set Cohu, Inc. (NASDAQ:COHU) Price Target at $31.50

Cohu, Inc. (NASDAQ:COHU - Get Free Report) has received a consensus rating of "Moderate Buy" from the six analysts that are currently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $31.50.

Several research analysts recently weighed in on the company. The Goldman Sachs Group dropped their price target on Cohu from $26.00 to $23.00 and set a "sell" rating on the stock in a research report on Friday, November 1st. Needham & Company LLC upped their target price on Cohu from $27.00 to $30.00 and gave the company a "buy" rating in a report on Friday, November 1st. 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 report on Friday, November 1st. Finally, TD Cowen cut their target price on shares of Cohu from $36.00 to $30.00 and set a "buy" rating for the company in a research report on Friday, November 1st.

Cohu Trading Down 2.3 %

Shares of COHU traded down $0.62 during midday trading on Friday, hitting $26.83. The stock had a trading volume of 153,564 shares, compared to its average volume of 309,767. The business has a 50-day simple moving average of $26.49 and a two-hundred day simple moving average of $27.58. The firm has a market cap of $1.25 billion, a P/E ratio of -24.84 and a beta of 1.51. The company has a current ratio of 6.38, a quick ratio of 4.69 and a debt-to-equity ratio of 0.01. Cohu has a fifty-two week low of $22.80 and a fifty-two week high of $36.60.

Cohu (NASDAQ:COHU - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The semiconductor company reported ($0.17) EPS for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.02). Cohu had a negative return on equity of 1.01% and a negative net margin of 11.35%. The firm had revenue of $95.30 million during the quarter, compared to analyst estimates of $95.75 million. During the same period in the prior year, the business posted $0.27 EPS. The company's revenue for the quarter was down 36.8% on a year-over-year basis. As a group, equities analysts forecast that Cohu will post -0.46 EPS for the current year.

Insider Activity at Cohu

In other news, Director Nina Richardson sold 4,999 shares of the stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $24.14, for a total transaction of $120,675.86. Following the transaction, the director now owns 28,313 shares of the company's stock, valued at approximately $683,475.82. This represents a 15.01 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Over the last quarter, insiders have sold 5,599 shares of company stock valued at $136,724. 2.70% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Cohu

A number of large investors have recently added to or reduced their stakes in the stock. 272 Capital LP lifted its stake in shares of Cohu by 167.9% in the third quarter. 272 Capital LP now owns 157,150 shares of the semiconductor company's stock worth $4,039,000 after buying an additional 98,496 shares during the last quarter. Franklin Resources Inc. grew its position 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. Meros Investment Management LP acquired a new position in shares of Cohu during the 3rd quarter worth about $257,000. Geode Capital Management LLC lifted its position in shares of Cohu by 0.9% during the 3rd quarter. Geode Capital Management LLC now owns 1,114,394 shares of the semiconductor company's stock worth $28,645,000 after purchasing an additional 9,563 shares during the last quarter. Finally, Barclays PLC grew its holdings in Cohu by 331.6% in the 3rd quarter. Barclays PLC now owns 77,600 shares of the semiconductor company's stock valued at $1,994,000 after buying an additional 59,622 shares during the last quarter. Institutional investors own 94.67% of the company's stock.

About Cohu

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.