Cohu, Inc. (NASDAQ:COHU – Get Free Report)’s share price shot up 4.8% during trading on Monday. The company traded as high as $53.78 and last traded at $53.2420. Approximately 73,202 shares were traded during mid-day trading, a decline of 93% from the average session volume of 1,110,358 shares. The stock had previously closed at $50.81.
Analysts Set New Price Targets
A number of brokerages have recently issued reports on COHU. Robert W. Baird started coverage on Cohu in a report on Wednesday, July 8th. They set an “outperform” rating and a $65.00 target price for the company. Weiss Ratings reissued a “sell (d-)” rating on shares of Cohu in a research report on Thursday. Zacks Research lowered shares of Cohu from a “strong-buy” rating to a “hold” rating in a report on Friday, August 28th. B. Riley Financial lifted their price target on shares of Cohu from $65.00 to $69.00 and gave the company a “buy” rating in a research report on Friday, July 31st. Finally, Stifel Nicolaus upped their price target on shares of Cohu from $50.00 to $70.00 and gave the stock a “buy” rating in a research report on Friday, July 10th. One research analyst has rated the stock with a Strong Buy rating, seven have given a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, Cohu currently has an average rating of “Moderate Buy” and an average price target of $68.75.
Read Our Latest Stock Analysis on COHU
Cohu Price Performance
The business’s 50-day moving average price is $57.87 and its two-hundred day moving average price is $53.21. The firm has a market cap of $2.61 billion, a price-to-earnings ratio of -66.21 and a beta of 1.51. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.74 and a quick ratio of 4.72.
Cohu (NASDAQ:COHU – Get Free Report) last issued its earnings results on Thursday, July 30th. The semiconductor company reported $0.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.14 by $0.12. The business had revenue of $149.00 million for the quarter, compared to analyst estimates of $144.20 million. Cohu had a negative net margin of 7.43% and a negative return on equity of 1.96%. The company’s revenue for the quarter was up 38.3% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.02 EPS. On average, research analysts forecast that Cohu, Inc. will post 0.47 EPS for the current fiscal year.
Insider Transactions at Cohu
In other news, SVP Christopher Bohrson sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 19th. The stock was sold at an average price of $55.82, for a total value of $558,200.00. Following the completion of the sale, the senior vice president directly owned 159,702 shares in the company, valued at approximately $8,914,565.64. The trade was a 5.89% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Andrew M. Caggia sold 15,252 shares of the business’s stock in a transaction that occurred on Wednesday, August 5th. The shares were sold at an average price of $51.74, for a total value of $789,138.48. Following the completion of the sale, the director owned 64,778 shares of the company’s stock, valued at $3,351,613.72. This trade represents a 19.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders sold 134,999 shares of company stock worth $8,321,309. 3.05% of the stock is currently owned by corporate insiders.
Hedge Funds Weigh In On Cohu
A number of hedge funds have recently added to or reduced their stakes in the business. BlackRock Inc. bought a new stake in Cohu during the second quarter valued at $545,932,000. The Manufacturers Life Insurance Company acquired a new stake in shares of Cohu during the second quarter worth $77,814,000. Segall Bryant & Hamill LLC raised its holdings in shares of Cohu by 125.5% during the first quarter. Segall Bryant & Hamill LLC now owns 955,344 shares of the semiconductor company’s stock worth $29,253,000 after purchasing an additional 531,661 shares during the period. Emerald Advisers LLC bought a new position in shares of Cohu in the 1st quarter worth about $23,887,000. Finally, Leeward Investments LLC MA lifted its position in shares of Cohu by 4.0% in the 1st quarter. Leeward Investments LLC MA now owns 646,133 shares of the semiconductor company’s stock worth $19,785,000 after buying an additional 24,755 shares during the last quarter. Institutional investors and hedge funds own 94.67% of the company’s stock.
Cohu Company Profile
Cohu, Inc provides semiconductor test and inspection equipment, consumables and related services used by semiconductor manufacturers and outsourced semiconductor assembly and test providers. Its solutions support the testing and handling of integrated circuits throughout the manufacturing process, helping customers evaluate device performance, reliability and quality.
The company’s product portfolio includes semiconductor test handlers, inspection and metrology systems, thermal-management equipment, test contactors and other interface products.
Further Reading
- Five stocks we like better than Cohu
- Rate-Resilient vs. Rate-Exposed: Why Homebuilder Stocks Are Diverging
- The AI Trade Just Moved Into Your Bloodstream, and 4 Healthcare Stocks Are Winning
- 5 Beaten-Down AI Names That Could Bounce If Fear Fades
- Could AI Finally Unlock Appleās Next Leg of Growth?
Receive News & Ratings for Cohu Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cohu and related companies with MarketBeat.com's FREE daily email newsletter.
