Shares of Cohu, Inc. (NASDAQ:COHU – Get Free Report) have received an average rating of “Moderate Buy” from the nine analysts that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, one has given a hold recommendation, six have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $63.8571.
A number of research analysts have recently issued reports on COHU shares. Needham & Company LLC boosted their price target on shares of Cohu from $33.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. TD Cowen upped their price target on shares of Cohu from $60.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, June 16th. Weiss Ratings restated a “sell (d-)” rating on shares of Cohu in a research report on Friday, July 17th. B. Riley Financial increased their price target on Cohu from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Finally, Zacks Research upgraded shares of Cohu from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th.
View Our Latest Analysis on Cohu
Cohu Trading Up 14.3%
Cohu (NASDAQ:COHU – Get Free Report) last posted its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). Cohu had a negative return on equity of 3.50% and a negative net margin of 11.54%.The company had revenue of $125.12 million during the quarter, compared to analyst estimates of $122.14 million. During the same period in the prior year, the firm earned ($0.02) earnings per share. Cohu’s revenue was up 29.3% compared to the same quarter last year. On average, equities research analysts anticipate that Cohu will post 0.17 earnings per share for the current fiscal year.
Insider Activity
In other news, Director James A. Donahue sold 10,257 shares of the stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $46.77, for a total transaction of $479,719.89. Following the transaction, the director owned 3,578 shares of the company’s stock, valued at $167,343.06. This represents a 74.14% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Steven J. Bilodeau sold 10,257 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of $44.85, for a total value of $460,026.45. Following the completion of the sale, the director owned 52,272 shares of the company’s stock, valued at approximately $2,344,399.20. This represents a 16.40% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 89,668 shares of company stock valued at $4,210,016. Corporate insiders own 3.05% of the company’s stock.
Institutional Inflows and Outflows
Large investors have recently made changes to their positions in the business. Vanguard Personalized Indexing Management LLC grew its holdings in shares of Cohu by 2.1% during the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 16,231 shares of the semiconductor company’s stock valued at $378,000 after buying an additional 332 shares during the last quarter. Sheets Smith Wealth Management boosted its stake in Cohu by 3.0% during the 1st quarter. Sheets Smith Wealth Management now owns 14,644 shares of the semiconductor company’s stock valued at $448,000 after purchasing an additional 420 shares during the last quarter. US Bancorp DE increased its holdings in Cohu by 4.6% during the 3rd quarter. US Bancorp DE now owns 9,847 shares of the semiconductor company’s stock worth $200,000 after purchasing an additional 432 shares in the last quarter. Farther Finance Advisors LLC raised its stake in shares of Cohu by 45.0% in the fourth quarter. Farther Finance Advisors LLC now owns 1,456 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 452 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its position in shares of Cohu by 0.9% during the second quarter. CANADA LIFE ASSURANCE Co now owns 65,233 shares of the semiconductor company’s stock valued at $1,255,000 after buying an additional 576 shares during the last quarter. 94.67% of the stock is owned by institutional investors.
About Cohu
Cohu, Inc is a global provider of semiconductor test and inspection solutions, offering a broad portfolio of products designed to support chip manufacturers, outsourced semiconductor assembly and test (OSAT) providers, and electronics original equipment manufacturers (OEMs). The company’s product lineup includes automatic test handlers, wafer probers, test sockets, thermal subassembly systems and burn-in boards, all engineered to optimize throughput, accuracy and reliability in semiconductor production and final test.
Founded in 1947 and headquartered in Poway, California, Cohu has grown through both organic development and targeted acquisitions to become a recognized leader in test handling and interconnect technologies.
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