Cohu (NASDAQ:COHU) Cut to “Sell” at StockNews.com

StockNews.com downgraded shares of Cohu (NASDAQ:COHU) from a hold rating to a sell rating in a report released on Tuesday.

Several other analysts have also weighed in on the company. TD Cowen lowered their target price on Cohu from $27.00 to $22.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. Stifel Nicolaus lowered their target price on Cohu from $35.00 to $28.00 and set a “buy” rating on the stock in a report on Friday, May 2nd. Needham & Company LLC reissued a “hold” rating on shares of Cohu in a report on Friday, May 2nd. Finally, B. Riley decreased their price objective on Cohu from $34.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $28.43.

Cohu Stock Down 1.2%

Cohu stock opened at $17.83 on Tuesday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.69 and a current ratio of 6.38. The firm has a market capitalization of $829.15 million, a price-to-earnings ratio of -11.89 and a beta of 1.22. Cohu has a fifty-two week low of $12.57 and a fifty-two week high of $36.60. The stock’s fifty day moving average is $15.78 and its two-hundred day moving average is $21.47.

Cohu (NASDAQ:COHU) last posted its earnings results on Thursday, May 1st. The semiconductor company reported ($0.02) earnings per share for the quarter, beating the consensus estimate of ($0.16) by $0.14. The company had revenue of $96.80 million for the quarter, compared to analyst estimates of $96.61 million. Cohu had a negative return on equity of 3.18% and a negative net margin of 17.38%. Cohu’s revenue was down 10.0% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.01 earnings per share. Analysts predict that Cohu will post -0.36 EPS for the current fiscal year.

Institutional Trading of Cohu

A number of large investors have recently made changes to their positions in the stock. Ameriprise Financial Inc. lifted its position in Cohu by 15.5% during the fourth quarter. Ameriprise Financial Inc. now owns 1,148,977 shares of the semiconductor company’s stock worth $30,678,000 after buying an additional 154,550 shares during the period. Bank of New York Mellon Corp lifted its position in Cohu by 2.1% during the fourth quarter. Bank of New York Mellon Corp now owns 926,322 shares of the semiconductor company’s stock worth $24,733,000 after buying an additional 19,236 shares during the period. Charles Schwab Investment Management Inc. lifted its position in Cohu by 8.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 677,370 shares of the semiconductor company’s stock worth $18,086,000 after buying an additional 53,096 shares during the period. Principal Financial Group Inc. lifted its position in Cohu by 2.2% during the fourth quarter. Principal Financial Group Inc. now owns 226,031 shares of the semiconductor company’s stock worth $6,035,000 after buying an additional 4,920 shares during the period. Finally, KLP Kapitalforvaltning AS purchased a new position in Cohu during the fourth quarter worth about $288,000. Institutional investors and hedge funds own 94.67% of the company’s stock.

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.