Cohu (NASDAQ:COHU) Hits New 52-Week Low - Time to Sell?

Cohu, Inc. (NASDAQ:COHU - Get Free Report)'s share price reached a new 52-week low on Monday . The stock traded as low as $18.62 and last traded at $18.48, with a volume of 161898 shares traded. The stock had previously closed at $19.66.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on COHU shares. B. Riley reduced their price target on shares of Cohu from $34.00 to $30.00 and set a "buy" rating for the company in a research report on Friday, February 14th. Needham & Company LLC restated a "hold" rating on shares of Cohu in a report on Tuesday, February 25th. Finally, Stifel Nicolaus lowered their price objective on shares of Cohu from $40.00 to $35.00 and set a "buy" rating on the stock in a research report on Friday, February 14th. Two 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. Based on data from MarketBeat, Cohu presently has a consensus rating of "Hold" and a consensus target price of $30.57.

Cohu Trading Down 4.6 %

The company's fifty day moving average is $22.90 and its 200-day moving average is $24.84. The company has a current ratio of 6.38, a quick ratio of 4.69 and a debt-to-equity ratio of 0.01. The firm has a market capitalization of $802.48 million, a P/E ratio of -11.45 and a beta of 1.50.

Cohu (NASDAQ:COHU - Get Free Report) last released its quarterly earnings results on Thursday, February 20th. The semiconductor company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.18). Cohu had a negative net margin of 17.38% and a negative return on equity of 3.18%. As a group, sell-side analysts anticipate that Cohu, Inc. will post -0.36 earnings per share for the current fiscal year.

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Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the business. Mitsubishi UFJ Asset Management Co. Ltd. boosted its position in shares of Cohu by 1,225.7% in the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,392 shares of the semiconductor company's stock valued at $37,000 after acquiring an additional 1,287 shares during the period. Sterling Capital Management LLC raised its position in shares of Cohu by 826.9% during the fourth quarter. Sterling Capital Management LLC now owns 1,483 shares of the semiconductor company's stock valued at $40,000 after buying an additional 1,323 shares during the last quarter. First Horizon Advisors Inc. increased its stake in Cohu by 49.2% during the third quarter. First Horizon Advisors Inc. now owns 1,622 shares of the semiconductor company's stock valued at $42,000 after acquiring an additional 535 shares during the period. Smartleaf Asset Management LLC raised its holdings in Cohu by 413.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,740 shares of the semiconductor company's stock valued at $46,000 after acquiring an additional 1,401 shares in the last quarter. Finally, KBC Group NV lifted its position in shares of Cohu by 75.7% in the 4th quarter. KBC Group NV now owns 2,627 shares of the semiconductor company's stock worth $70,000 after acquiring an additional 1,132 shares during the period. 94.67% of the stock is owned by institutional investors.

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.