Cohu (NASDAQ:COHU) Raised to Buy at Craig Hallum

Craig Hallum upgraded shares of Cohu (NASDAQ:COHU - Free Report) from a hold rating to a buy rating in a report released on Friday, Marketbeat.com reports. They currently have $30.00 price target on the semiconductor company's stock.

Several other research firms have also issued reports on COHU. Needham & Company LLC decreased their price target on shares of Cohu from $37.00 to $33.00 and set a "buy" rating on the stock in a research report on Thursday, August 1st. Citigroup lowered Cohu from a "buy" rating to a "neutral" rating and set a $36.00 price target on the stock. in a research note on Monday, July 15th. Finally, StockNews.com downgraded Cohu from a "hold" rating to a "sell" rating in a research report on Friday, August 2nd. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, Cohu has an average rating of "Hold" and an average target price of $31.50.

Cohu Price Performance

COHU traded up $2.43 during trading on Friday, hitting $27.35. The company's stock had a trading volume of 745,008 shares, compared to its average volume of 311,069. Cohu has a 12 month low of $22.80 and a 12 month high of $36.60. The stock has a market capitalization of $1.28 billion, a price-to-earnings ratio of -45.47 and a beta of 1.53. The company has a quick ratio of 5.09, a current ratio of 6.95 and a debt-to-equity ratio of 0.01. The firm's 50 day moving average price is $25.19 and its two-hundred day moving average price is $28.71.

Cohu (NASDAQ:COHU - Get Free Report) last issued its quarterly earnings results on Thursday, October 31st. The semiconductor company reported ($0.17) EPS for the quarter, missing analysts' consensus estimates of ($0.15) by ($0.02). Cohu had a positive return on equity of 1.27% and a negative net margin of 5.70%. The company had revenue of $95.30 million during the quarter, compared to the consensus estimate of $95.75 million. During the same period in the prior year, the firm earned $0.27 earnings per share. The business's revenue for the quarter was down 36.8% compared to the same quarter last year. Sell-side analysts forecast that Cohu will post -0.41 earnings per share for the current fiscal year.

Insider Buying and Selling at Cohu

In related news, Director Nina Richardson sold 4,999 shares of the stock in a transaction that occurred on Thursday, October 10th. The stock was sold at an average price of $24.14, for a total transaction of $120,675.86. Following 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders have sold a total of 5,399 shares of company stock worth $130,204 over the last ninety days. Corporate insiders own 2.70% of the company's stock.

Institutional Investors Weigh In On Cohu

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Mackenzie Financial Corp boosted its position in shares of Cohu by 5.6% in the 2nd quarter. Mackenzie Financial Corp now owns 7,939 shares of the semiconductor company's stock worth $263,000 after purchasing an additional 419 shares during the last quarter. Wedge Capital Management L L P NC raised its position in shares of Cohu by 1.0% in the 2nd quarter. Wedge Capital Management L L P NC now owns 47,223 shares of the semiconductor company's stock valued at $1,563,000 after acquiring an additional 466 shares during the period. Oak Associates Ltd. OH increased its stake in Cohu by 0.6% in the second quarter. Oak Associates Ltd. OH now owns 83,704 shares of the semiconductor company's stock valued at $2,771,000 after purchasing an additional 521 shares in the last quarter. Texas Permanent School Fund Corp boosted its position in shares of Cohu by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 41,576 shares of the semiconductor company's stock worth $1,386,000 after purchasing an additional 539 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC increased its holdings in shares of Cohu by 1.7% in the second quarter. Linden Thomas Advisory Services LLC now owns 34,091 shares of the semiconductor company's stock worth $1,128,000 after acquiring an additional 555 shares in the last quarter. Institutional investors and hedge funds own 94.67% of the company's stock.

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.