Cohu, Inc. (NASDAQ:COHU - Get Free Report)'s share price hit a new 52-week low on Monday . The stock traded as low as $21.50 and last traded at $21.43, with a volume of 96359 shares changing hands. The stock had previously closed at $21.72.
Wall Street Analyst Weigh In
Several analysts have weighed in on COHU shares. The Goldman Sachs Group cut their target price 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 lowered Cohu from a "buy" rating to a "hold" rating in a report on Monday, January 13th. TD Cowen cut their price objective on Cohu from $36.00 to $30.00 and set a "buy" rating for the company in a report on Friday, November 1st. Finally, Craig Hallum upgraded Cohu from a "hold" rating to a "buy" rating and set a $30.00 price objective for the company in a report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Cohu currently has a consensus rating of "Hold" and an average target price of $31.50.
Get Our Latest Stock Analysis on Cohu
Cohu Stock Performance
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 50-day simple moving average of $24.98 and a two-hundred day simple moving average of $25.54. The company has a market capitalization of $1.00 billion, a price-to-earnings ratio of -19.88 and a beta of 1.45.
Cohu (NASDAQ:COHU - Get Free Report) last issued its quarterly earnings data on Thursday, February 13th. The semiconductor company reported ($0.25) EPS for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.18). Cohu had a negative net margin of 11.35% and a negative return on equity of 1.01%. As a group, sell-side analysts forecast that Cohu, Inc. will post -0.51 earnings per share for the current fiscal year.
Institutional Trading of Cohu
Several hedge funds have recently added to or reduced their stakes in COHU. Creative Planning bought a new stake in Cohu during the 2nd quarter valued at approximately $282,000. Sanctuary Advisors LLC bought a new stake in shares of Cohu in the 2nd quarter worth approximately $357,000. Inspire Investing LLC lifted its position in shares of Cohu by 49.4% in the 3rd quarter. Inspire Investing LLC now owns 15,974 shares of the semiconductor company's stock worth $411,000 after acquiring an additional 5,281 shares during the period. Trust Point Inc. bought a new stake in shares of Cohu in the 3rd quarter worth approximately $552,000. Finally, International Assets Investment Management LLC bought a new stake in shares of Cohu in the 3rd quarter worth approximately $528,000. Institutional investors own 94.67% of the company's stock.
About Cohu
(
Get Free Report)
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.
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