Cohu, Inc. (NASDAQ:COHU) Receives Average Recommendation of "Moderate Buy" from Brokerages

Cohu, Inc. (NASDAQ:COHU - Get Free Report) has received an average recommendation of "Moderate Buy" from the six research firms that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokers that have covered the stock in the last year is $31.50.

COHU has been the subject of a number of recent analyst reports. TD Cowen reduced their target price on Cohu from $36.00 to $30.00 and set a "buy" rating for the company in a report on Friday, November 1st. Craig Hallum raised shares of Cohu from a "hold" rating to a "buy" rating and set a $30.00 price objective on the stock in a report on Friday, November 1st. Needham & Company LLC increased their target price on shares of Cohu from $27.00 to $30.00 and gave the company a "buy" rating in a report on Friday, November 1st. Citigroup lowered Cohu from a "buy" rating to a "neutral" rating and set a $36.00 price target on the stock. in a research note on Monday, July 15th. Finally, StockNews.com cut Cohu from a "hold" rating to a "sell" rating in a report on Friday, August 2nd.

Cohu Stock Down 0.5 %

COHU stock traded down $0.13 during trading on Friday, hitting $28.27. The company had a trading volume of 299,668 shares, compared to its average volume of 351,521. The firm has a 50-day moving average price of $25.33 and a 200-day moving average price of $28.60. 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 has a 1-year low of $22.80 and a 1-year high of $36.60.

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

Insider Buying and Selling at Cohu

In other news, Director Nina Richardson sold 4,999 shares of the business's stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $24.14, for a total value of $120,675.86. Following the completion of the transaction, the director now directly owns 28,313 shares of the company's stock, valued at $683,475.82. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In the last 90 days, insiders have sold 5,399 shares of company stock worth $130,204. 2.70% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the business. Signaturefd LLC lifted its position in Cohu by 1,256.3% during the second quarter. Signaturefd LLC now owns 868 shares of the semiconductor company's stock worth $29,000 after buying an additional 804 shares during the period. First Horizon Advisors Inc. boosted its position in shares of Cohu by 558.8% in the second quarter. First Horizon Advisors Inc. now owns 1,087 shares of the semiconductor company's stock worth $36,000 after acquiring an additional 922 shares during the last quarter. CWM LLC grew its holdings in Cohu by 158.1% in the second quarter. CWM LLC now owns 1,533 shares of the semiconductor company's stock valued at $51,000 after purchasing an additional 939 shares during the period. 1620 Investment Advisors Inc. acquired a new position in Cohu during the second quarter worth approximately $97,000. Finally, Perkins Coie Trust Co purchased a new position in Cohu during the second quarter worth approximately $132,000. Hedge funds and other 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.