Needham & Company LLC Reaffirms Hold Rating for Cohu (NASDAQ:COHU)

Needham & Company LLC reiterated their hold rating on shares of Cohu (NASDAQ:COHU - Free Report) in a research report sent to investors on Friday,Benzinga reports.

A number of other analysts also recently issued reports on COHU. TD Cowen reduced their price objective on Cohu from $36.00 to $30.00 and set a "buy" rating on the stock in a research note on Friday, November 1st. The Goldman Sachs Group reduced their price objective on Cohu from $26.00 to $23.00 and set a "sell" rating on the stock in a research note on Friday, November 1st. Finally, Craig Hallum raised 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, November 1st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, Cohu currently has an average rating of "Hold" and an average target price of $30.57.

Cohu Price Performance

COHU traded up $0.19 on Friday, hitting $21.31. 503,411 shares of the company's stock traded hands, compared to its average volume of 392,242. The company's 50 day simple moving average is $24.63 and its 200-day simple moving average is $25.30. The firm has a market cap of $993.03 million, a price-to-earnings ratio of -19.73 and a beta of 1.45. Cohu has a one year low of $19.52 and a one year high of $36.60. The company has a current ratio of 6.38, a quick ratio of 4.69 and a debt-to-equity ratio of 0.01.

Cohu (NASDAQ:COHU - Get Free Report) last issued its earnings results on Thursday, February 20th. The semiconductor company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.18). Cohu had a negative net margin of 11.35% and a negative return on equity of 1.01%. As a group, research analysts anticipate that Cohu will post -0.51 EPS for the current year.

Hedge Funds Weigh In On Cohu

Large investors have recently bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. boosted its holdings in Cohu by 1,225.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,392 shares of the semiconductor company's stock valued at $37,000 after acquiring an additional 1,287 shares during the period. Sterling Capital Management LLC boosted its holdings in Cohu by 826.9% during the 4th quarter. Sterling Capital Management LLC now owns 1,483 shares of the semiconductor company's stock valued at $40,000 after acquiring an additional 1,323 shares during the period. First Horizon Advisors Inc. boosted its holdings in Cohu by 49.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,622 shares of the semiconductor company's stock valued at $42,000 after acquiring an additional 535 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of Cohu by 413.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,740 shares of the semiconductor company's stock worth $46,000 after buying an additional 1,401 shares during the period. Finally, KBC Group NV lifted its holdings in shares of Cohu by 75.7% in the 4th quarter. KBC Group NV now owns 2,627 shares of the semiconductor company's stock worth $70,000 after buying an additional 1,132 shares during the period. Hedge funds and other institutional investors 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.