Cohu (NASDAQ:COHU) Sees Unusually-High Trading Volume - Time to Buy?

Cohu, Inc. (NASDAQ:COHU - Get Free Report) shares saw unusually-high trading volume on Friday . Approximately 1,652,457 shares traded hands during trading, an increase of 263% from the previous session's volume of 455,158 shares.The stock last traded at $17.25 and had previously closed at $18.01.

Analyst Upgrades and Downgrades

COHU has been the topic of several recent analyst reports. Stifel Nicolaus dropped their price target on Cohu from $40.00 to $35.00 and set a "buy" rating on the stock in a research report on Friday, February 14th. B. Riley decreased their price target on Cohu from $34.00 to $30.00 and set a "buy" rating for the company in a research note on Friday, February 14th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Cohu in a research note on Tuesday, February 25th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $30.57.

Cohu Stock Performance

The firm has a 50 day moving average of $22.71 and a two-hundred day moving average of $24.77. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.69 and a current ratio of 6.38. The stock has a market cap of $802.48 million, a P/E ratio of -11.45 and a beta of 1.50.

Cohu (NASDAQ:COHU - Get Free Report) last issued its 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 return on equity of 3.18% and a negative net margin of 17.38%. On average, research analysts predict that Cohu, Inc. will post -0.36 EPS for the current fiscal year.

Remove Ads

Hedge Funds Weigh In On Cohu

A number of hedge funds have recently modified their holdings of COHU. Thrivent Financial for Lutherans increased its holdings in Cohu by 78.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 2,615,235 shares of the semiconductor company's stock valued at $69,827,000 after purchasing an additional 1,152,825 shares in the last quarter. Franklin Resources Inc. increased its holdings in Cohu by 25.9% during the 3rd quarter. Franklin Resources Inc. now owns 3,145,692 shares of the semiconductor company's stock valued at $82,134,000 after purchasing an additional 647,828 shares in the last quarter. Frontier Capital Management Co. LLC increased its holdings in Cohu by 52.2% during the 4th quarter. Frontier Capital Management Co. LLC now owns 1,139,325 shares of the semiconductor company's stock valued at $30,420,000 after purchasing an additional 390,558 shares in the last quarter. Royce & Associates LP increased its holdings in Cohu by 28.0% during the 4th quarter. Royce & Associates LP now owns 1,442,394 shares of the semiconductor company's stock valued at $38,512,000 after purchasing an additional 315,605 shares in the last quarter. Finally, Lightrock Netherlands B.V. acquired a new stake in Cohu during the 4th quarter valued at $8,016,000. 94.67% of the stock is owned by institutional investors and hedge funds.

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.