Cohu (NASDAQ:COHU) Sets New 1-Year High – What’s Next?

Cohu, Inc. (NASDAQ:COHU) reached a new 52-week high during trading on Thursday . The stock traded as high as $30.65 and last traded at $29.77, with a volume of 65997 shares trading hands. The stock had previously closed at $29.78.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the stock. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cohu in a research note on Wednesday, October 8th. Needham & Company LLC 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 Tuesday, January 6th. TD Cowen reaffirmed a “buy” rating on shares of Cohu in a research note on Thursday, October 30th. Stifel Nicolaus upped their target price on shares of Cohu from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, January 14th. Finally, B. Riley reissued a “buy” rating on shares of Cohu in a research note on Thursday, October 30th. Four research analysts have rated the stock with a Buy rating and one has assigned a Sell rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $30.50.

Cohu Trading Down 1.0%

The business has a 50 day simple moving average of $24.63 and a 200-day simple moving average of $22.18. The stock has a market capitalization of $1.38 billion, a price-to-earnings ratio of -18.77 and a beta of 1.27. The company has a debt-to-equity ratio of 0.01, a current ratio of 4.39 and a quick ratio of 3.24.

Cohu (NASDAQ:COHU) last posted its earnings results on Wednesday, October 29th. The semiconductor company reported ($0.06) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.19) by $0.13. Cohu had a negative return on equity of 3.73% and a negative net margin of 17.22%.The business had revenue of $126.25 million during the quarter, compared to analysts’ expectations of $124.98 million. During the same period in the prior year, the business earned ($0.08) EPS. Cohu’s revenue for the quarter was up 32.5% compared to the same quarter last year. As a group, equities analysts expect that Cohu, Inc. will post -0.36 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of the company. Moody National Bank Trust Division acquired a new position in shares of Cohu during the 4th quarter worth approximately $520,000. SG Americas Securities LLC increased its holdings in shares of Cohu by 43.2% in the fourth quarter. SG Americas Securities LLC now owns 44,529 shares of the semiconductor company’s stock valued at $1,036,000 after purchasing an additional 13,444 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its position in shares of Cohu by 11.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 18,935 shares of the semiconductor company’s stock valued at $441,000 after purchasing an additional 1,942 shares during the period. GAMMA Investing LLC lifted its stake in shares of Cohu by 8.7% during the 4th quarter. GAMMA Investing LLC now owns 7,477 shares of the semiconductor company’s stock worth $174,000 after buying an additional 600 shares during the last quarter. Finally, JPMorgan Chase & Co. boosted its holdings in shares of Cohu by 11.9% during the 3rd quarter. JPMorgan Chase & Co. now owns 257,610 shares of the semiconductor company’s stock worth $5,237,000 after buying an additional 27,381 shares during the period. 94.67% of the stock is currently owned by institutional investors.

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.