Brokerages Set Cohu, Inc. (NASDAQ:COHU) PT at $31.50

Shares of Cohu, Inc. (NASDAQ:COHU - Get Free Report) have received a consensus recommendation of "Moderate Buy" from the six ratings firms that are presently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, one has issued a hold rating and four have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $31.50.

A number of research analysts have commented on the company. Craig Hallum upgraded Cohu from a "hold" rating to a "buy" rating and set a $30.00 price target on the stock in a research note 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. The Goldman Sachs Group decreased their price target on shares of Cohu from $26.00 to $23.00 and set a "sell" rating on the stock in a report on Friday, November 1st. Finally, TD Cowen decreased their price target 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.

Insider Activity at Cohu

In other Cohu news, Director Nina Richardson sold 4,999 shares of the stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $24.14, for a total value of $120,675.86. Following the completion of the sale, the director now owns 28,313 shares in the company, valued at $683,475.82. This represents a 15.01 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In the last 90 days, insiders sold 5,599 shares of company stock worth $135,850. 2.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. International Assets Investment Management LLC acquired a new position in Cohu in the 3rd quarter valued at $528,000. Creative Planning boosted its position in shares of Cohu by 219.4% during the 3rd quarter. Creative Planning now owns 27,237 shares of the semiconductor company's stock valued at $700,000 after acquiring an additional 18,709 shares in the last quarter. 272 Capital LP lifted its holdings in Cohu by 137.9% during the 2nd quarter. 272 Capital LP now owns 58,654 shares of the semiconductor company's stock valued at $1,941,000 after purchasing an additional 34,000 shares during the last quarter. Assenagon Asset Management S.A. lifted its holdings in Cohu by 286.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 107,817 shares of the semiconductor company's stock valued at $2,771,000 after purchasing an additional 79,890 shares during the last quarter. Finally, Victory Capital Management Inc. raised its stake in shares of Cohu by 7.1% in the third quarter. Victory Capital Management Inc. now owns 3,358,288 shares of the semiconductor company's stock worth $86,308,000 after acquiring an additional 224,022 shares during the last quarter. Institutional investors own 94.67% of the company's stock.

Cohu Stock Down 0.9 %

Shares of Cohu stock traded down $0.25 during trading on Wednesday, reaching $26.80. The company's stock had a trading volume of 238,871 shares, compared to its average volume of 309,658. The company has a quick ratio of 4.69, a current ratio of 6.38 and a debt-to-equity ratio of 0.01. The company has a market cap of $1.25 billion, a price-to-earnings ratio of -25.05 and a beta of 1.51. Cohu has a 1-year low of $22.80 and a 1-year high of $36.60. The company has a 50-day simple moving average of $25.87 and a two-hundred day simple moving average of $28.15.

Cohu (NASDAQ:COHU - Get Free Report) last issued its quarterly earnings results 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 for the quarter, compared to analyst estimates of $95.75 million. During the same period in the prior year, the firm posted $0.27 EPS. The business's revenue was down 36.8% compared to the same quarter last year. As a group, equities analysts forecast that Cohu will post -0.46 earnings per share for the current year.

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.