Cohu, Inc. (NASDAQ:COHU) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Cohu, Inc. (NASDAQ:COHUGet Free Report) have earned a consensus rating of “Moderate Buy” from the eight analysts that are currently covering the stock, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and six have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $49.00.

A number of equities research analysts recently commented on COHU shares. TD Cowen upped their price target on shares of Cohu from $35.00 to $60.00 and gave the company a “buy” rating in a report on Friday, May 1st. Jefferies Financial Group set a $60.00 price target on shares of Cohu and gave the company a “buy” rating in a report on Friday, May 1st. B. Riley Financial reiterated a “buy” rating on shares of Cohu in a report on Monday, April 20th. Zacks Research upgraded shares of Cohu from a “strong sell” rating to a “hold” rating in a report on Monday, April 20th. Finally, Evercore reiterated an “outperform” rating and set a $53.00 price target on shares of Cohu in a report on Tuesday, April 28th.

Get Our Latest Stock Report on Cohu

Cohu Stock Down 3.7%

Shares of NASDAQ COHU opened at $47.14 on Friday. The firm’s fifty day moving average is $37.44 and its 200 day moving average is $30.20. Cohu has a 52 week low of $16.46 and a 52 week high of $52.43. The company has a quick ratio of 5.31, a current ratio of 6.43 and a debt-to-equity ratio of 0.37. The company has a market cap of $2.22 billion, a price-to-earnings ratio of -39.61 and a beta of 1.61.

Cohu (NASDAQ:COHUGet Free Report) last posted its quarterly earnings results 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 net margin of 11.54% and a negative return on equity of 3.50%. The firm had revenue of $125.12 million for the quarter, compared to the consensus estimate of $122.14 million. During the same quarter in the prior year, the company earned ($0.02) earnings per share. The company’s quarterly revenue was up 29.3% compared to the same quarter last year. On average, equities research analysts expect that Cohu will post 0.17 earnings per share for the current year.

Insider Buying and Selling at Cohu

In other Cohu news, SVP Christopher Bohrson sold 1,500 shares of the company’s stock in a transaction on Monday, May 11th. The shares were sold at an average price of $51.28, for a total value of $76,920.00. Following the completion of the transaction, the senior vice president directly owned 173,702 shares in the company, valued at approximately $8,907,438.56. This represents a 0.86% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director William Bendush sold 7,500 shares of the company’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $49.14, for a total transaction of $368,550.00. Following the completion of the transaction, the director owned 24,780 shares of the company’s stock, valued at $1,217,689.20. This trade represents a 23.23% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 11,000 shares of company stock valued at $512,040 over the last 90 days. Company insiders own 3.05% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Bessemer Group Inc. raised its holdings in Cohu by 45.4% in the 3rd quarter. Bessemer Group Inc. now owns 1,564 shares of the semiconductor company’s stock worth $31,000 after purchasing an additional 488 shares in the last quarter. Hollencrest Capital Management bought a new position in Cohu in the 1st quarter worth $31,000. Hantz Financial Services Inc. raised its holdings in Cohu by 83.7% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,569 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 715 shares in the last quarter. Farther Finance Advisors LLC raised its holdings in Cohu by 45.0% in the 4th 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 in the last quarter. Finally, Kestra Advisory Services LLC purchased a new stake in shares of Cohu in the 4th quarter worth about $34,000. 94.67% of the stock is currently owned by institutional investors.

About Cohu

(Get Free Report)

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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Analyst Recommendations for Cohu (NASDAQ:COHU)

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