Cohu (NASDAQ:COHU) Sets New 12-Month Low - What's Next?

Cohu, Inc. (NASDAQ:COHU - Get Free Report) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $14.34 and last traded at $15.41, with a volume of 612025 shares. The stock had previously closed at $14.72.

Analyst Ratings Changes

A number of brokerages recently commented on COHU. Stifel Nicolaus decreased their price target on shares of Cohu from $40.00 to $35.00 and set a "buy" rating on the stock in a research note on Friday, February 14th. Needham & Company LLC restated a "hold" rating on shares of Cohu in a report on Tuesday, February 25th. Finally, B. Riley lowered their target price on Cohu from $34.00 to $30.00 and set a "buy" rating on the stock in a research note on Friday, February 14th. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $30.57.

Cohu Price Performance

The company has a quick ratio of 4.69, a current ratio of 6.38 and a debt-to-equity ratio of 0.01. The company's fifty day moving average price is $18.81 and its 200 day moving average price is $23.38. The company has a market capitalization of $650.20 million, a P/E ratio of -9.28 and a beta of 1.39.

Cohu (NASDAQ:COHU - Get Free Report) last posted its quarterly earnings data on Thursday, February 20th. The semiconductor company reported ($0.25) 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%. As a group, sell-side analysts forecast that Cohu, Inc. will post -0.36 EPS for the current year.

Institutional Investors Weigh In On Cohu

Institutional investors and hedge funds have recently bought and sold shares of the company. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Cohu by 1,225.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,392 shares of the semiconductor company's stock valued at $37,000 after buying an additional 1,287 shares in the last quarter. Sterling Capital Management LLC increased its stake in Cohu by 826.9% in the fourth quarter. Sterling Capital Management LLC now owns 1,483 shares of the semiconductor company's stock valued at $40,000 after acquiring an additional 1,323 shares during the last quarter. Smartleaf Asset Management LLC raised its position in Cohu by 413.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,740 shares of the semiconductor company's stock valued at $46,000 after purchasing an additional 1,401 shares in the last quarter. Versant Capital Management Inc lifted its stake in Cohu by 232.0% during the first quarter. Versant Capital Management Inc now owns 2,417 shares of the semiconductor company's stock worth $36,000 after purchasing an additional 1,689 shares during the last quarter. Finally, KBC Group NV boosted its holdings in shares of Cohu by 75.7% in the 4th quarter. KBC Group NV now owns 2,627 shares of the semiconductor company's stock valued at $70,000 after purchasing an additional 1,132 shares in the last quarter. Institutional investors 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.