Cohu, Inc. (NASDAQ:COHU - Get Free Report) shares passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $27.28 and traded as high as $27.44. Cohu shares last traded at $26.37, with a volume of 283,230 shares changing hands.
Analyst Upgrades and Downgrades
COHU has been the subject of several recent research reports. 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 report on Friday, November 1st. The Goldman Sachs Group decreased their price target on shares of Cohu from $26.00 to $23.00 and set a "sell" rating for the company in a research note on Friday, November 1st. Needham & Company LLC boosted their price objective on shares of Cohu from $27.00 to $30.00 and gave the stock a "buy" rating in a research report on Friday, November 1st. Finally, Craig Hallum raised shares of Cohu from a "hold" rating to a "buy" rating and set a $30.00 target price for the company in a research report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $31.50.
Check Out Our Latest Research Report on COHU
Cohu Stock Down 3.7 %
The firm has a market capitalization of $1.18 billion, a P/E ratio of -23.51 and a beta of 1.47. The firm's 50 day moving average is $26.71 and its two-hundred day moving average is $27.28. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.38 and a quick ratio of 4.69.
Cohu (NASDAQ:COHU - Get Free Report) last released its quarterly earnings data on Thursday, October 31st. The semiconductor company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.02). The firm had revenue of $95.30 million for the quarter, compared to analyst estimates of $95.75 million. Cohu had a negative return on equity of 1.01% and a negative net margin of 11.35%. The firm's revenue for the quarter was down 36.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.27 earnings per share. Research analysts predict that Cohu, Inc. will post -0.46 EPS for the current year.
Institutional Trading of Cohu
Institutional investors and hedge funds have recently bought and sold shares of the business. First Horizon Advisors Inc. increased its holdings in shares of Cohu by 49.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,622 shares of the semiconductor company's stock worth $42,000 after acquiring an additional 535 shares during the last quarter. US Bancorp DE increased its holdings in shares of Cohu by 59.7% in the third quarter. US Bancorp DE now owns 8,823 shares of the semiconductor company's stock valued at $227,000 after purchasing an additional 3,297 shares during the last quarter. GSA Capital Partners LLP raised its position in shares of Cohu by 34.3% in the third quarter. GSA Capital Partners LLP now owns 9,922 shares of the semiconductor company's stock valued at $255,000 after purchasing an additional 2,532 shares during the period. Meros Investment Management LP bought a new position in shares of Cohu in the third quarter valued at about $257,000. Finally, Mackenzie Financial Corp lifted its stake in shares of Cohu by 5.6% during the 2nd quarter. Mackenzie Financial Corp now owns 7,939 shares of the semiconductor company's stock worth $263,000 after buying an additional 419 shares during the last quarter. Institutional investors own 94.67% of the company's stock.
Cohu Company Profile
(
Get Free Report)
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.
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