Cohu, Inc. (NASDAQ:COHU) Receives Average Recommendation of "Hold" from Analysts

Cohu, Inc. (NASDAQ:COHU - Get Free Report) has received an average recommendation of "Hold" from the six brokerages that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have assigned a buy recommendation to 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.

A number of research analysts have recently issued reports on COHU shares. TD Cowen dropped their price objective on Cohu from $36.00 to $30.00 and set a "buy" rating on the stock in a research note on Friday, November 1st. The Goldman Sachs Group dropped their price objective on Cohu from $26.00 to $23.00 and set a "sell" rating on the stock in a research note on Friday, November 1st. Needham & Company LLC downgraded Cohu from a "buy" rating to a "hold" rating in a research note on Monday, January 13th. Finally, Craig Hallum raised Cohu from a "hold" rating to a "buy" rating and set a $30.00 price objective on the stock in a research note on Friday, November 1st.

Cohu Trading Down 0.2 %

Shares of NASDAQ COHU traded down $0.06 during trading on Thursday, reaching $24.47. The company had a trading volume of 418,394 shares, compared to its average volume of 338,378. The company's fifty day moving average price is $26.14 and its 200-day moving average price is $26.71. Cohu has a 12 month low of $22.80 and a 12 month high of $36.60. The stock has a market cap of $1.14 billion, a P/E ratio of -22.66 and a beta of 1.47. The company has a quick ratio of 4.69, a current ratio of 6.38 and a debt-to-equity ratio of 0.01.

Cohu (NASDAQ:COHU - Get Free Report) last announced its quarterly earnings data 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 business 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 firm's revenue for the quarter was down 36.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.27 earnings per share. As a group, research analysts expect that Cohu will post -0.46 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the company. International Assets Investment Management LLC purchased a new stake in shares of Cohu in the third quarter worth approximately $528,000. Charles Schwab Investment Management Inc. raised its stake in shares of Cohu by 10.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 624,274 shares of the semiconductor company's stock worth $16,044,000 after purchasing an additional 59,806 shares during the last quarter. Creative Planning raised its stake in shares of Cohu by 219.4% in the third quarter. Creative Planning now owns 27,237 shares of the semiconductor company's stock worth $700,000 after purchasing an additional 18,709 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in shares of Cohu by 286.1% in the third quarter. Assenagon Asset Management S.A. now owns 107,817 shares of the semiconductor company's stock worth $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 purchasing an additional 224,022 shares during the last quarter. 94.67% of the stock is 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.