Cohu, Inc. (NASDAQ:COHU) Receives Average Rating of “Hold” from Analysts

Shares of Cohu, Inc. (NASDAQ:COHU) have earned a consensus recommendation of “Hold” from the six brokerages that are covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $31.50.

A number of brokerages have recently weighed in on COHU. The Goldman Sachs Group reduced their price objective on shares of Cohu from $26.00 to $23.00 and set a “sell” rating on the stock in a report on Friday, November 1st. Craig Hallum upgraded shares of Cohu from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a report on Friday, November 1st. TD Cowen dropped their target price on shares of Cohu from $36.00 to $30.00 and set a “buy” rating on the stock in a research report on Friday, November 1st. Finally, Needham & Company LLC downgraded shares of Cohu from a “buy” rating to a “hold” rating in a research report on Monday, January 13th.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of the business. Mackenzie Financial Corp grew its position in Cohu by 5.6% during the 2nd quarter. Mackenzie Financial Corp now owns 7,939 shares of the semiconductor company’s stock worth $263,000 after purchasing an additional 419 shares during the last quarter. First Horizon Advisors Inc. grew its position in Cohu by 49.2% during the 3rd quarter. First Horizon Advisors Inc. now owns 1,622 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 535 shares during the last quarter. KBC Group NV grew its position in Cohu by 75.7% during the 4th quarter. KBC Group NV now owns 2,627 shares of the semiconductor company’s stock worth $70,000 after purchasing an additional 1,132 shares during the last quarter. Orion Portfolio Solutions LLC grew its position in Cohu by 3.2% during the 3rd quarter. Orion Portfolio Solutions LLC now owns 36,725 shares of the semiconductor company’s stock worth $944,000 after purchasing an additional 1,141 shares during the last quarter. Finally, The Manufacturers Life Insurance Company grew its position in Cohu by 5.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,002 shares of the semiconductor company’s stock worth $794,000 after purchasing an additional 1,247 shares during the last quarter. 94.67% of the stock is owned by hedge funds and other institutional investors.

Cohu Price Performance

Cohu stock opened at $22.45 on Thursday. The firm has a market cap of $1.05 billion, a PE ratio of -20.79 and a beta of 1.47. Cohu has a 52-week low of $22.13 and a 52-week high of $36.60. The company has a quick ratio of 4.69, a current ratio of 6.38 and a debt-to-equity ratio of 0.01. The company’s 50 day moving average is $26.06 and its two-hundred day moving average is $26.43.

Cohu (NASDAQ:COHU) last announced its quarterly earnings data on Thursday, October 31st. The semiconductor company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.02). Cohu had a negative net margin of 11.35% and a negative return on equity of 1.01%. The firm had revenue of $95.30 million during the quarter, compared to analyst estimates of $95.75 million. During the same quarter in the previous year, the business posted $0.27 earnings per share. Cohu’s revenue for the quarter was down 36.8% compared to the same quarter last year. On average, research analysts expect that Cohu will post -0.46 EPS for the current fiscal year.

About Cohu

Cohu, Inc, through its subsidiaries, provides semiconductor test equipment and services in China, the United States, Taiwan, Malaysia, the Philippines, and internationally. The company supplies semiconductor test and inspection handlers, micro-electromechanical system (MEMS) test modules, test contactors, thermal sub-systems, and semiconductor automated test equipment for semiconductor manufacturers and test subcontractors.