Brokerages Set Cohu, Inc. (NASDAQ:COHU) Target Price at $28.43

Shares of Cohu, Inc. (NASDAQ:COHU) have been given an average rating of “Hold” by the seven brokerages that are covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $28.43.

A number of research firms have recently weighed in on COHU. Needham & Company LLC reissued a “hold” rating on shares of Cohu in a research report on Friday, May 2nd. Stifel Nicolaus reduced their price objective on Cohu from $35.00 to $28.00 and set a “buy” rating for the company in a report on Friday, May 2nd. Wall Street Zen lowered Cohu from a “hold” rating to a “sell” rating in a research note on Tuesday, May 13th. Finally, TD Cowen dropped their price target on Cohu from $27.00 to $22.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd.

Hedge Funds Weigh In On Cohu

Several hedge funds have recently made changes to their positions in COHU. Mitsubishi UFJ Asset Management Co. Ltd. raised its holdings in shares of Cohu by 1,225.7% in 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 in the last quarter. Sterling Capital Management LLC grew its stake in Cohu by 826.9% in the 4th 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 in the last quarter. Smartleaf Asset Management LLC grew its stake in 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 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 worth $36,000 after buying an additional 1,689 shares during the last quarter. Finally, GAMMA Investing LLC raised its position in shares of Cohu by 172.2% during the 1st quarter. GAMMA Investing LLC now owns 2,659 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 1,682 shares in the last quarter. 94.67% of the stock is currently owned by hedge funds and other institutional investors.

Cohu Stock Up 1.1%

Shares of NASDAQ:COHU opened at $19.70 on Friday. Cohu has a 1 year low of $12.57 and a 1 year high of $36.60. The company has a market capitalization of $916.05 million, a PE ratio of -10.65 and a beta of 1.25. The business has a fifty day moving average price of $17.42 and a two-hundred day moving average price of $19.72. The company has a debt-to-equity ratio of 0.01, a current ratio of 5.20 and a quick ratio of 3.69.

Cohu (NASDAQ:COHU) last issued its quarterly earnings results on Thursday, May 1st. The semiconductor company reported ($0.02) earnings per share for the quarter, topping analysts’ consensus estimates of ($0.16) by $0.14. Cohu had a negative net margin of 21.99% and a negative return on equity of 3.76%. The company had revenue of $96.80 million for the quarter, compared to the consensus estimate of $96.61 million. During the same period in the previous year, the firm earned $0.01 EPS. The firm’s quarterly revenue was down 10.0% on a year-over-year basis. Analysts forecast that Cohu will post -0.36 earnings per share for the current year.

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.