Cohu (NASDAQ:COHU – Get Free Report) was upgraded by equities researchers at Robert W. Baird to a “strong-buy” rating in a research report issued to clients and investors on Wednesday,Zacks.com reports.
COHU has been the topic of several other reports. Jefferies Financial Group set a $60.00 target price on Cohu and gave the company a “buy” rating in a research note on Friday, May 1st. B. Riley Financial restated a “buy” rating on shares of Cohu in a research note on Monday, April 20th. Needham & Company LLC increased their price target on Cohu from $33.00 to $54.00 and gave the stock a “buy” rating in a report on Friday, May 1st. TD Cowen lifted their price objective 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. Finally, Evercore reissued an “outperform” rating and issued a $53.00 price objective on shares of Cohu in a research note on Tuesday, April 28th. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $54.14.
Read Our Latest Stock Analysis on COHU
Cohu Price Performance
Cohu (NASDAQ:COHU – Get Free Report) last released its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The company had revenue of $125.12 million for the quarter, compared to analysts’ expectations of $122.14 million. Cohu had a negative return on equity of 3.50% and a negative net margin of 11.54%.The business’s quarterly revenue was up 29.3% compared to the same quarter last year. During the same period in the prior year, the business earned ($0.02) EPS. On average, analysts predict that Cohu will post 0.17 EPS for the current year.
Insider Transactions at Cohu
In other Cohu news, CFO Jeffrey D. Jones sold 13,000 shares of the firm’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $46.84, for a total value of $608,920.00. Following the completion of the sale, the chief financial officer owned 343,792 shares of the company’s stock, valued at approximately $16,103,217.28. This trade represents a 3.64% decrease in their ownership of the stock. The transaction was disclosed in a legal filing 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 James A. Donahue sold 10,257 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $46.77, for a total transaction of $479,719.89. Following the sale, the director owned 3,578 shares in the company, valued at $167,343.06. The trade was a 74.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders sold 90,668 shares of company stock valued at $4,248,016. 3.05% of the stock is owned by company insiders.
Institutional Trading of Cohu
Several hedge funds and other institutional investors have recently made changes to their positions in COHU. Hollencrest Capital Management purchased a new stake in Cohu during the first quarter worth about $31,000. Farther Finance Advisors LLC lifted its position in shares of Cohu by 45.0% during the 4th quarter. Farther Finance Advisors LLC now owns 1,456 shares of the semiconductor company’s stock valued at $34,000 after acquiring an additional 452 shares during the period. Kestra Advisory Services LLC acquired a new stake in shares of Cohu during the 4th quarter valued at approximately $34,000. Los Angeles Capital Management LLC purchased a new stake in shares of Cohu during the 4th quarter worth approximately $37,000. Finally, Smartleaf Asset Management LLC grew its holdings in shares of Cohu by 202.7% in the 2nd quarter. Smartleaf Asset Management LLC now owns 2,113 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 1,415 shares during the period. Institutional investors and hedge funds own 94.67% of the company’s stock.
Cohu Company Profile
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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