Cohu (NASDAQ:COHU - Get Free Report) had its target price lowered by investment analysts at Stifel Nicolaus from $40.00 to $35.00 in a report released on Friday,Benzinga reports. The firm currently has a "buy" rating on the semiconductor company's stock. Stifel Nicolaus' price objective suggests a potential upside of 64.28% from the company's current price.
Several other equities analysts have also recently commented on COHU. Needham & Company LLC reiterated a "hold" rating on shares of Cohu in a research note on Friday. 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 note on Friday, November 1st. TD Cowen dropped their target price on shares of Cohu from $36.00 to $30.00 and set a "buy" rating for the company in a research report on Friday, November 1st. Finally, The Goldman Sachs Group reduced their price target on shares of Cohu from $26.00 to $23.00 and set a "sell" rating on the stock in a research report on Friday, November 1st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $30.57.
View Our Latest Stock Report on COHU
Cohu Stock Up 0.9 %
Cohu stock traded up $0.19 during midday trading on Friday, hitting $21.31. 503,411 shares of the stock were exchanged, compared to its average volume of 392,242. Cohu has a 1 year low of $19.52 and a 1 year high of $36.60. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.38 and a quick ratio of 4.69. The firm has a market cap of $993.03 million, a P/E ratio of -19.73 and a beta of 1.45. The company has a 50 day moving average price of $24.63 and a two-hundred day moving average price of $25.30.
Cohu (NASDAQ:COHU - Get Free Report) last announced its earnings results on Thursday, February 20th. The semiconductor company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($0.07) by ($0.18). Cohu had a negative return on equity of 1.01% and a negative net margin of 11.35%. On average, sell-side analysts predict that Cohu will post -0.51 earnings per share for the current fiscal year.
Hedge Funds Weigh In On Cohu
Hedge funds and other institutional investors have recently bought and sold shares of the stock. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of 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 worth $37,000 after purchasing an additional 1,287 shares during the period. Sterling Capital Management LLC increased its position in Cohu by 826.9% in the fourth quarter. Sterling Capital Management LLC now owns 1,483 shares of the semiconductor company's stock worth $40,000 after buying an additional 1,323 shares during the period. First Horizon Advisors Inc. grew its position in shares of Cohu by 49.2% during the third quarter. First Horizon Advisors Inc. now owns 1,622 shares of the semiconductor company's stock worth $42,000 after acquiring an additional 535 shares during the last quarter. Smartleaf Asset Management LLC increased 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 acquiring an additional 1,401 shares during the period. Finally, KBC Group NV lifted its position in Cohu by 75.7% in the 4th quarter. KBC Group NV now owns 2,627 shares of the semiconductor company's stock valued at $70,000 after purchasing an additional 1,132 shares during the last quarter. 94.67% of the stock is currently owned by institutional investors and hedge funds.
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.
See Also
Before you consider Cohu, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Cohu wasn't on the list.
While Cohu currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
