Cohu (NASDAQ:COHU - Get Free Report)'s stock had its "hold" rating reiterated by investment analysts at Needham & Company LLC in a research report issued on Tuesday,Benzinga reports.
A number of other research firms have also commented on COHU. B. Riley reduced their price objective 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. The Goldman Sachs Group reduced their price target on shares of Cohu from $26.00 to $23.00 and set a "sell" rating for the company in a research report on Friday, November 1st. Craig Hallum upgraded shares of Cohu from a "hold" rating to a "buy" rating and set a $30.00 price objective on the stock in a research report on Friday, November 1st. Stifel Nicolaus reduced their target price on Cohu from $40.00 to $35.00 and set a "buy" rating for the company in a report on Friday, February 14th. Finally, TD Cowen decreased their target price on Cohu from $36.00 to $30.00 and set a "buy" rating for the company in a research report on Friday, November 1st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, Cohu presently has a consensus rating of "Hold" and a consensus target price of $30.57.
Read Our Latest Research Report on COHU
Cohu Price Performance
NASDAQ COHU traded down $0.26 on Tuesday, reaching $19.66. The company's stock had a trading volume of 612,390 shares, compared to its average volume of 409,241. Cohu has a twelve month low of $18.76 and a twelve month high of $36.60. The stock has a market cap of $918.32 million, a PE ratio of -13.11 and a beta of 1.45. The firm's 50 day moving average is $23.61 and its two-hundred day moving average is $25.04. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.69 and a current ratio of 6.38.
Cohu (NASDAQ:COHU - Get Free Report) last announced 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 net margin of 17.38% and a negative return on equity of 3.18%. As a group, sell-side analysts predict that Cohu will post -0.36 EPS for the current year.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently bought and sold shares of COHU. Victory Capital Management Inc. lifted its holdings in shares of Cohu by 7.1% during the 3rd quarter. Victory Capital Management Inc. now owns 3,358,288 shares of the semiconductor company's stock valued at $86,308,000 after buying an additional 224,022 shares during the last quarter. Franklin Resources Inc. raised its position in Cohu by 1.4% during the fourth quarter. Franklin Resources Inc. now owns 3,191,263 shares of the semiconductor company's stock valued at $85,207,000 after acquiring an additional 45,571 shares in the last quarter. Thrivent Financial for Lutherans lifted its stake in Cohu by 78.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 2,615,235 shares of the semiconductor company's stock valued at $69,827,000 after acquiring an additional 1,152,825 shares during the last quarter. Royce & Associates LP grew its position in 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 acquiring an additional 315,605 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in shares of Cohu by 15.5% during the 4th quarter. Ameriprise Financial Inc. now owns 1,148,977 shares of the semiconductor company's stock worth $30,678,000 after purchasing an additional 154,550 shares during the last quarter. Hedge funds and other institutional investors own 94.67% of the company's stock.
About Cohu
(
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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