Cohu (NASDAQ:COHU) Reaches New 52-Week Low - What's Next?

Cohu, Inc. (NASDAQ:COHU - Get Free Report)'s share price reached a new 52-week low on Monday . The stock traded as low as $16.58 and last traded at $17.18, with a volume of 39630 shares. The stock had previously closed at $17.18.

Analysts Set New Price Targets

COHU has been the subject of several recent analyst reports. B. Riley lowered their target price on shares of Cohu from $34.00 to $30.00 and set a "buy" rating for the company in a research note on Friday, February 14th. Stifel Nicolaus lowered their price objective on shares of Cohu from $40.00 to $35.00 and set a "buy" rating for the company in a research report on Friday, February 14th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Cohu in a research note 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 company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $30.57.

Cohu Trading Up 0.1 %

The company has a market capitalization of $772.12 million, a P/E ratio of -11.02 and a beta of 1.50. The business has a fifty day moving average price of $22.09 and a 200 day moving average price of $24.55. The company has a quick ratio of 4.69, a current ratio of 6.38 and a debt-to-equity ratio of 0.01.

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

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Institutional Investors Weigh In On Cohu

Several large investors have recently made changes to their positions in COHU. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in shares of Cohu by 12.1% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 92,308 shares of the semiconductor company's stock valued at $2,465,000 after purchasing an additional 9,941 shares during the period. Vident Advisory LLC grew its holdings in Cohu by 5.3% in the 4th quarter. Vident Advisory LLC now owns 18,450 shares of the semiconductor company's stock valued at $493,000 after buying an additional 933 shares in the last quarter. Two Sigma Investments LP increased its position in Cohu by 218.5% during the fourth quarter. Two Sigma Investments LP now owns 54,538 shares of the semiconductor company's stock worth $1,456,000 after acquiring an additional 37,414 shares during the period. State of Wyoming acquired a new stake in shares of Cohu in the fourth quarter valued at approximately $267,000. Finally, Systematic Financial Management LP raised its holdings in Cohu by 4.2% in the 4th quarter. Systematic Financial Management LP now owns 922,106 shares of the semiconductor company's stock valued at $24,620,000 after acquiring an additional 36,759 shares in the last quarter. Institutional investors and hedge funds own 94.67% of the company's stock.

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.