Cohu (NASDAQ:COHU - Free Report) had its target price boosted by Needham & Company LLC from $27.00 to $30.00 in a research report released on Friday morning, Benzinga reports. Needham & Company LLC currently has a buy rating on the semiconductor company's stock.
Several other research analysts have also issued reports on the stock. StockNews.com lowered shares of Cohu from a "hold" rating to a "sell" rating in a research note on Friday, August 2nd. Craig Hallum raised shares of Cohu from a "hold" rating to a "buy" rating and set a $30.00 price objective on the stock in a research note on Friday. Finally, Citigroup lowered shares of Cohu from a "buy" rating to a "neutral" rating and set a $36.00 target price for the company. in a report on Monday, July 15th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Cohu has a consensus rating of "Hold" and an average price target of $31.50.
Check Out Our Latest Research Report on COHU
Cohu Price Performance
Shares of COHU stock traded up $2.43 during trading hours on Friday, reaching $27.35. 745,008 shares of the company were exchanged, compared to its average volume of 311,069. Cohu has a fifty-two week low of $22.80 and a fifty-two week high of $36.60. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.95 and a quick ratio of 5.09. The stock's fifty day moving average is $25.18 and its two-hundred day moving average is $28.66. The company has a market cap of $1.28 billion, a price-to-earnings ratio of -44.84 and a beta of 1.53.
Cohu (NASDAQ:COHU - Get Free Report) last posted its quarterly earnings data on Thursday, October 31st. The semiconductor company reported ($0.17) earnings per share (EPS) 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 positive return on equity of 1.27% and a negative net margin of 5.70%. The firm's quarterly revenue was down 36.8% compared to the same quarter last year. During the same period in the prior year, the company posted $0.27 EPS. Sell-side analysts forecast that Cohu will post -0.41 earnings per share for the current fiscal year.
Insider Activity
In other Cohu news, Director Nina Richardson sold 4,999 shares of the stock in a transaction dated Thursday, October 10th. The stock was sold at an average price of $24.14, for a total value of $120,675.86. Following the completion of the sale, the director now directly owns 28,313 shares in the company, valued at $683,475.82. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders sold 5,399 shares of company stock valued at $130,204 in the last quarter. Company insiders own 2.70% of the company's stock.
Institutional Investors Weigh In On Cohu
Several large investors have recently made changes to their positions in the stock. Signaturefd LLC raised its position in Cohu by 1,256.3% in the 2nd quarter. Signaturefd LLC now owns 868 shares of the semiconductor company's stock valued at $29,000 after buying an additional 804 shares during the last quarter. First Horizon Advisors Inc. lifted its position in shares of Cohu by 558.8% in the second quarter. First Horizon Advisors Inc. now owns 1,087 shares of the semiconductor company's stock worth $36,000 after purchasing an additional 922 shares in the last quarter. CWM LLC boosted its holdings in Cohu by 158.1% during the second quarter. CWM LLC now owns 1,533 shares of the semiconductor company's stock worth $51,000 after purchasing an additional 939 shares during the last quarter. 1620 Investment Advisors Inc. bought a new position in Cohu in the second quarter valued at $97,000. Finally, Perkins Coie Trust Co acquired a new stake in Cohu in the 2nd quarter valued at $132,000. Institutional investors 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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