Cohu (NASDAQ:COHU) Sets New 12-Month Low - Should You Sell?

Cohu, Inc. (NASDAQ:COHU - Get Free Report) reached a new 52-week low during mid-day trading on Friday . The company traded as low as $15.39 and last traded at $15.41, with a volume of 137032 shares traded. The stock had previously closed at $16.36.

Analyst Ratings Changes

A number of research analysts have weighed in on the stock. B. Riley dropped their target price on shares of Cohu from $34.00 to $30.00 and set a "buy" rating on the stock in a research note on Friday, February 14th. Stifel Nicolaus dropped their price objective on Cohu from $40.00 to $35.00 and set a "buy" rating on the stock in a research note on Friday, February 14th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Cohu in a research report on Tuesday, February 25th. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, Cohu currently has an average rating of "Hold" and a consensus price target of $30.57.

Cohu Stock Performance

The company's fifty day moving average is $19.58 and its 200 day moving average is $23.69. 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 company has a market capitalization of $687.57 million, a P/E ratio of -9.81 and a beta of 1.50.

Cohu (NASDAQ:COHU - Get Free Report) last announced its quarterly earnings results on Thursday, February 20th. The semiconductor company reported ($0.25) earnings per share for the quarter, missing the consensus estimate 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, equities analysts anticipate that Cohu, Inc. will post -0.36 earnings per share for the current year.

Institutional Investors Weigh In On Cohu

A number of institutional investors and hedge funds have recently modified their holdings of the company. Franklin Resources Inc. lifted its stake in Cohu by 1.4% in the 4th quarter. Franklin Resources Inc. now owns 3,191,263 shares of the semiconductor company's stock worth $85,207,000 after purchasing an additional 45,571 shares in the last quarter. Thrivent Financial for Lutherans increased its holdings in shares of Cohu by 78.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 2,615,235 shares of the semiconductor company's stock worth $69,827,000 after purchasing an additional 1,152,825 shares during the period. Royce & Associates LP raised its position in shares of Cohu by 28.0% in the fourth quarter. Royce & Associates LP now owns 1,442,394 shares of the semiconductor company's stock worth $38,512,000 after buying an additional 315,605 shares in the last quarter. Ameriprise Financial Inc. boosted its stake in Cohu by 15.5% during the fourth quarter. Ameriprise Financial Inc. now owns 1,148,977 shares of the semiconductor company's stock valued at $30,678,000 after buying an additional 154,550 shares during the period. Finally, Frontier Capital Management Co. LLC grew its position in Cohu by 52.2% during the fourth quarter. Frontier Capital Management Co. LLC now owns 1,139,325 shares of the semiconductor company's stock worth $30,420,000 after buying an additional 390,558 shares in the last quarter. 94.67% of the stock is owned by hedge funds and other 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.