Cohu (NASDAQ:COHU) Sets New 12-Month Low - Here's What Happened

Cohu, Inc. (NASDAQ:COHU - Get Free Report) shares reached a new 52-week low during trading on Monday . The company traded as low as $22.80 and last traded at $23.34, with a volume of 16477 shares. The stock had previously closed at $23.95.

Wall Street Analyst Weigh In

Several research firms have recently weighed in on COHU. Needham & Company LLC downgraded Cohu from a "buy" rating to a "hold" rating in a report on Monday, January 13th. TD Cowen reduced their price objective on Cohu from $36.00 to $30.00 and set a "buy" rating for the company in a research note on Friday, November 1st. The Goldman Sachs Group lowered their target price on shares of Cohu from $26.00 to $23.00 and set a "sell" rating on the stock in a research report on Friday, November 1st. Finally, Craig Hallum upgraded shares of Cohu from a "hold" rating to a "buy" rating and set a $30.00 price target for the company in a research report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $31.50.

Cohu Stock Down 6.3 %

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 $26.12 and a two-hundred day simple moving average of $26.52. The company has a market capitalization of $1.05 billion, a PE ratio of -20.79 and a beta of 1.47.

Cohu (NASDAQ:COHU - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The semiconductor company reported ($0.17) earnings per share for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.02). The firm had revenue of $95.30 million during the quarter, compared to analysts' expectations of $95.75 million. Cohu had a negative net margin of 11.35% and a negative return on equity of 1.01%. The business's quarterly revenue was down 36.8% on a year-over-year basis. During the same quarter last year, the business earned $0.27 earnings per share. Research analysts expect that Cohu, Inc. will post -0.46 EPS for the current year.

Hedge Funds Weigh In On Cohu

Several institutional investors and hedge funds have recently added to or reduced their stakes in COHU. First Horizon Advisors Inc. lifted its stake in shares of Cohu by 49.2% in the third quarter. First Horizon Advisors Inc. now owns 1,622 shares of the semiconductor company's stock valued at $42,000 after purchasing an additional 535 shares during the period. KBC Group NV lifted its position in shares of Cohu by 75.7% during the 4th quarter. KBC Group NV now owns 2,627 shares of the semiconductor company's stock valued at $70,000 after acquiring an additional 1,132 shares during the period. Sheets Smith Wealth Management purchased a new stake in shares of Cohu during the 4th quarter worth approximately $205,000. US Bancorp DE grew its holdings in shares of Cohu by 59.7% in the 3rd quarter. US Bancorp DE now owns 8,823 shares of the semiconductor company's stock worth $227,000 after acquiring an additional 3,297 shares during the period. Finally, GSA Capital Partners LLP grew its holdings in shares of Cohu by 34.3% in the 3rd quarter. GSA Capital Partners LLP now owns 9,922 shares of the semiconductor company's stock worth $255,000 after acquiring an additional 2,532 shares during the period. Institutional investors and hedge funds own 94.67% of the company's stock.

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.