Shares of Cohu, Inc. (NASDAQ:COHU - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred 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 trading hands.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on the company. Needham & Company LLC upped their price target on Cohu from $27.00 to $30.00 and gave the company a "buy" rating in a research report on Friday, November 1st. TD Cowen lowered their target price on shares of Cohu from $36.00 to $30.00 and set a "buy" rating on the stock in a report on Friday, November 1st. Craig Hallum raised shares of Cohu from a "hold" rating to a "buy" rating and set a $30.00 price target for the company in a report on Friday, November 1st. Finally, The Goldman Sachs Group decreased their price objective on shares of Cohu from $26.00 to $23.00 and set a "sell" rating on the stock in a research note on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $31.50.
View Our Latest Research Report on Cohu
Cohu Stock Down 3.7 %
The stock has a market cap of $1.18 billion, a price-to-earnings ratio of -23.51 and a beta of 1.47. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.69 and a current ratio of 6.38. The firm's 50-day simple moving average is $26.71 and its two-hundred day simple moving average is $27.28.
Cohu (NASDAQ:COHU - Get Free Report) last issued its quarterly earnings results 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 company had revenue of $95.30 million during the quarter, compared to analyst estimates 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 revenue for the quarter was down 36.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.27 EPS. On average, sell-side analysts expect that Cohu, Inc. will post -0.46 EPS for the current fiscal year.
Institutional Investors Weigh In On Cohu
Several institutional investors have recently modified their holdings of COHU. 272 Capital LP lifted its holdings in Cohu by 167.9% in the third quarter. 272 Capital LP now owns 157,150 shares of the semiconductor company's stock valued at $4,039,000 after buying an additional 98,496 shares during the period. Franklin Resources Inc. lifted its stake in shares of Cohu by 25.9% in the 3rd quarter. Franklin Resources Inc. now owns 3,145,692 shares of the semiconductor company's stock valued at $82,134,000 after purchasing an additional 647,828 shares during the period. Meros Investment Management LP bought a new stake in shares of Cohu in the 3rd quarter valued at about $257,000. Geode Capital Management LLC increased its stake in shares of Cohu by 0.9% in the 3rd quarter. Geode Capital Management LLC now owns 1,114,394 shares of the semiconductor company's stock valued at $28,645,000 after acquiring an additional 9,563 shares during the last quarter. Finally, Barclays PLC raised its position in shares of Cohu by 331.6% in the 3rd quarter. Barclays PLC now owns 77,600 shares of the semiconductor company's stock valued at $1,994,000 after acquiring an additional 59,622 shares during the period. Institutional investors and hedge funds own 94.67% of the company's stock.
About Cohu
(
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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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