StockNews.com Downgrades Cohu (NASDAQ:COHU) to Sell

StockNews.com cut shares of Cohu (NASDAQ:COHU) from a hold rating to a sell rating in a report released on Tuesday morning.

COHU has been the topic of several other reports. Needham & Company LLC reiterated a “hold” rating on shares of Cohu in a report on Friday, May 2nd. Stifel Nicolaus dropped their target price on Cohu from $35.00 to $28.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. TD Cowen dropped their target price on Cohu from $27.00 to $22.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. Finally, B. Riley dropped their target price on Cohu from $34.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $28.43.

Cohu Stock Performance

Shares of NASDAQ:COHU opened at $17.83 on Tuesday. The company has a market cap of $829.15 million, a P/E ratio of -11.89 and a beta of 1.22. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.69 and a current ratio of 6.38. Cohu has a one year low of $12.57 and a one year high of $36.60. The business’s 50-day simple moving average is $15.78 and its 200 day simple moving average is $21.47.

Cohu (NASDAQ:COHU) last announced its earnings results on Thursday, May 1st. The semiconductor company reported ($0.02) EPS for the quarter, beating the consensus estimate of ($0.16) by $0.14. The business had revenue of $96.80 million for the quarter, compared to the consensus estimate of $96.61 million. Cohu had a negative return on equity of 3.18% and a negative net margin of 17.38%. The company’s revenue was down 10.0% on a year-over-year basis. During the same period last year, the business posted $0.01 EPS. On average, sell-side analysts forecast that Cohu will post -0.36 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Cohu

Hedge funds have recently bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake 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 purchasing an additional 1,287 shares in the last quarter. Sterling Capital Management LLC grew its stake 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 purchasing an additional 1,323 shares in the last quarter. Smartleaf Asset Management LLC grew its position 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 in the last quarter. Versant Capital Management Inc increased its holdings in shares of Cohu by 232.0% in the 1st quarter. Versant Capital Management Inc now owns 2,417 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 1,689 shares during the last quarter. Finally, KBC Group NV increased 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 valued at $70,000 after acquiring an additional 1,132 shares during the last quarter. Institutional investors and hedge funds own 94.67% of the company’s stock.

About Cohu

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.