Cohu (NASDAQ:COHU) Hits New 52-Week Low – Should You Sell?

Cohu, Inc. (NASDAQ:COHU) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as $19.33 and last traded at $19.34, with a volume of 517214 shares trading hands. The stock had previously closed at $21.03.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on COHU shares. Stifel Nicolaus lowered their price target on Cohu from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Friday, February 14th. The Goldman Sachs Group decreased their target price on shares of Cohu from $26.00 to $23.00 and set a “sell” rating for the company in a research report on Friday, November 1st. B. Riley cut their price target on shares of Cohu from $34.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, February 14th. Craig Hallum raised shares of Cohu from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Friday, November 1st. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Cohu in a research report on Friday, February 14th. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $30.57.

Cohu Stock Performance

The stock has a market cap of $901.44 million, a price-to-earnings ratio of -12.89 and a beta of 1.45. The firm has a fifty day simple moving average of $24.28 and a 200 day simple moving average of $25.22. The company has a current ratio of 6.38, a quick ratio of 4.69 and a debt-to-equity ratio of 0.01.

Cohu (NASDAQ:COHU) last announced its quarterly earnings results on Thursday, February 20th. The semiconductor company reported ($0.25) EPS for the quarter, missing the consensus estimate of ($0.07) by ($0.18). Cohu had a negative net margin of 17.38% and a negative return on equity of 3.18%. As a group, sell-side analysts expect that Cohu, Inc. will post -0.36 earnings per share for the current year.

Institutional Investors Weigh In On Cohu

A number of large investors have recently bought and sold shares of the business. Creative Planning increased its position in Cohu by 219.4% in the 3rd quarter. Creative Planning now owns 27,237 shares of the semiconductor company’s stock valued at $700,000 after acquiring an additional 18,709 shares in the last quarter. International Assets Investment Management LLC acquired a new stake in shares of Cohu in the third quarter valued at approximately $528,000. Assenagon Asset Management S.A. raised its position in Cohu by 286.1% in the 3rd quarter. Assenagon Asset Management S.A. now owns 107,817 shares of the semiconductor company’s stock worth $2,771,000 after purchasing an additional 79,890 shares during the last quarter. Tributary Capital Management LLC lifted its holdings in Cohu by 46.4% during the 3rd quarter. Tributary Capital Management LLC now owns 521,047 shares of the semiconductor company’s stock worth $13,391,000 after buying an additional 165,135 shares in the last quarter. Finally, US Bancorp DE boosted its position in Cohu by 59.7% in the 3rd quarter. US Bancorp DE now owns 8,823 shares of the semiconductor company’s stock valued at $227,000 after buying an additional 3,297 shares during the last quarter. 94.67% of the stock is currently owned by institutional investors.

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.