Brokerages Set Cohu, Inc. (NASDAQ:COHU) PT at $68.75

Cohu, Inc. (NASDAQ:COHUGet Free Report) has received an average rating of “Buy” from the ten brokerages that are currently covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, seven have assigned a buy rating and two have given a strong buy rating to the company. The average 12-month price objective among analysts that have covered the stock in the last year is $68.75.

A number of equities analysts have weighed in on the stock. Zacks Research raised shares of Cohu from a “hold” rating to a “strong-buy” rating in a research report on Thursday, July 30th. B. Riley Financial boosted their price target on Cohu from $65.00 to $69.00 and gave the stock a “buy” rating in a research note on Friday, July 31st. Needham & Company LLC increased their price target on Cohu from $54.00 to $65.00 and gave the company a “buy” rating in a report on Friday, July 31st. Weiss Ratings restated a “sell (d-)” rating on shares of Cohu in a research note on Friday, July 17th. Finally, TD Cowen lifted their price objective on Cohu from $60.00 to $80.00 and gave the stock a “buy” rating in a report on Tuesday, June 16th.

Read Our Latest Stock Analysis on COHU

Insider Activity at Cohu

In other Cohu news, Director Andrew M. Caggia sold 15,252 shares of the firm’s stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $51.74, for a total transaction of $789,138.48. Following the completion of the transaction, the director directly owned 64,778 shares of the company’s stock, valued at $3,351,613.72. This trade represents a 19.06% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Nina Richardson sold 3,055 shares of the business’s stock in a transaction dated Wednesday, August 5th. The stock was sold at an average price of $51.54, for a total transaction of $157,454.70. Following the completion of the sale, the director directly owned 39,093 shares of the company’s stock, valued at $2,014,853.22. The trade was a 7.25% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 30,307 shares of company stock valued at $1,630,573 over the last ninety days. Corporate insiders own 3.05% of the company’s stock.

Institutional Trading of Cohu

Several hedge funds and other institutional investors have recently bought and sold shares of the company. Assenagon Asset Management S.A. bought a new position in shares of Cohu during the first quarter valued at approximately $705,000. Vanguard Group Inc. grew its stake in Cohu by 1.3% during the 4th quarter. Vanguard Group Inc. now owns 4,361,164 shares of the semiconductor company’s stock worth $101,484,000 after buying an additional 57,618 shares during the last quarter. Mizuho Markets Americas LLC increased its position in Cohu by 349.3% in the fourth quarter. Mizuho Markets Americas LLC now owns 302,838 shares of the semiconductor company’s stock worth $7,047,000 after buying an additional 235,438 shares during the period. Louisiana State Employees Retirement System bought a new stake in Cohu in the first quarter valued at $634,000. Finally, Leeward Investments LLC MA boosted its holdings in shares of Cohu by 4.0% during the first quarter. Leeward Investments LLC MA now owns 646,133 shares of the semiconductor company’s stock valued at $19,785,000 after acquiring an additional 24,755 shares during the period. 94.67% of the stock is owned by institutional investors.

Cohu Stock Performance

COHU opened at $48.00 on Monday. The firm’s 50 day moving average is $55.26 and its 200-day moving average is $45.99. Cohu has a 52-week low of $18.67 and a 52-week high of $74.60. The company has a quick ratio of 4.72, a current ratio of 5.74 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $2.27 billion, a P/E ratio of -57.83 and a beta of 1.59.

Cohu (NASDAQ:COHUGet Free Report) last announced its earnings results on Thursday, July 30th. The semiconductor company reported $0.26 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.12. Cohu had a negative net margin of 7.43% and a negative return on equity of 1.96%. The business had revenue of $149.00 million during the quarter, compared to the consensus estimate of $144.20 million. During the same period in the prior year, the firm earned $0.02 earnings per share. The business’s quarterly revenue was up 38.3% compared to the same quarter last year. Analysts expect that Cohu will post 0.47 EPS for the current fiscal year.

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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