Brokerages Set Cohu, Inc. (NASDAQ:COHU) Target Price at $35.00

Shares of Cohu, Inc. (NASDAQ:COHU - Get Free Report) have earned an average recommendation of "Moderate Buy" from the five research firms that are presently covering the firm, MarketBeat reports. Two equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued a report on the stock in the last year is $35.00.

Several research firms have weighed in on COHU. Citigroup lowered Cohu from a "buy" rating to a "neutral" rating and set a $36.00 target price on the stock. in a report on Monday, July 15th. StockNews.com lowered shares of Cohu from a "hold" rating to a "sell" rating in a research report on Friday, August 2nd. Finally, Needham & Company LLC decreased their price objective on shares of Cohu from $37.00 to $33.00 and set a "buy" rating for the company in a report on Thursday, August 1st.

Cohu Stock Down 3.4 %

NASDAQ COHU traded down $0.90 on Tuesday, reaching $25.21. The stock had a trading volume of 556,724 shares, compared to its average volume of 309,791. Cohu has a 1 year low of $22.80 and a 1 year high of $36.60. The business has a 50 day moving average price of $25.16 and a 200 day moving average price of $29.26. The company has a current ratio of 6.95, a quick ratio of 5.09 and a debt-to-equity ratio of 0.01. The company has a market capitalization of $1.19 billion, a price-to-earnings ratio of -504.20 and a beta of 1.53.

Cohu (NASDAQ:COHU - Get Free Report) last released its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported ($0.12) EPS for the quarter, missing analysts' consensus estimates of ($0.09) by ($0.03). The firm had revenue of $104.70 million during the quarter, compared to analyst estimates of $105.00 million. Cohu had a positive return on equity of 1.27% and a negative net margin of 5.70%. On average, analysts forecast that Cohu will post -0.41 EPS for the current fiscal year.

Insider Activity at Cohu

In other news, Director Nina Richardson sold 4,999 shares of the company's stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $24.14, for a total transaction of $120,675.86. Following the completion of the transaction, the director now owns 28,313 shares of the company's stock, valued at approximately $683,475.82. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders sold a total of 5,399 shares of company stock worth $130,204 in the last ninety days. 2.70% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the company. Creative Planning lifted its holdings in shares of Cohu by 219.4% during the 3rd quarter. Creative Planning now owns 27,237 shares of the semiconductor company's stock worth $700,000 after acquiring an additional 18,709 shares during the period. Inspire Investing LLC grew its holdings in shares of Cohu by 49.4% in the 3rd quarter. Inspire Investing LLC now owns 15,974 shares of the semiconductor company's stock worth $411,000 after purchasing an additional 5,281 shares during the last quarter. SG Americas Securities LLC increased its position in shares of Cohu by 677.0% during the 3rd quarter. SG Americas Securities LLC now owns 39,031 shares of the semiconductor company's stock worth $1,003,000 after purchasing an additional 34,008 shares in the last quarter. Sanctuary Advisors LLC bought a new position in Cohu during the 2nd quarter valued at about $357,000. Finally, Algert Global LLC boosted its position in Cohu by 38.0% in the second quarter. Algert Global LLC now owns 17,214 shares of the semiconductor company's stock valued at $570,000 after buying an additional 4,744 shares in the last quarter. 94.67% of the stock is owned by institutional investors.

Cohu Company Profile

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.