Stifel Nicolaus Lowers Cohu (NASDAQ:COHU) Price Target to $35.00

Cohu (NASDAQ:COHU) had its price target cut by analysts at Stifel Nicolaus from $40.00 to $35.00 in a note issued to investors on Friday,Benzinga reports. The firm currently has a “buy” rating on the semiconductor company’s stock. Stifel Nicolaus’ target price points to a potential upside of 64.07% from the company’s current price.

A number of other brokerages also recently issued reports on COHU. The Goldman Sachs Group lowered their price target on Cohu from $26.00 to $23.00 and set a “sell” rating for the company in a report on Friday, November 1st. Craig Hallum raised Cohu from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Friday, November 1st. TD Cowen decreased their price objective on Cohu from $36.00 to $30.00 and set a “buy” rating for the company in a report on Friday, November 1st. Finally, Needham & Company LLC reissued a “hold” rating on shares of Cohu in a report on Friday. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $32.00.

Cohu Stock Down 0.6 %

Shares of COHU stock traded down $0.14 during trading hours on Friday, reaching $21.33. 181,765 shares of the stock were exchanged, compared to its average volume of 361,645. The business’s fifty day moving average is $24.98 and its two-hundred day moving average is $25.54. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.38 and a quick ratio of 4.69. Cohu has a 12-month low of $19.52 and a 12-month high of $36.60. The firm has a market capitalization of $994.33 million, a P/E ratio of -19.58 and a beta of 1.45.

Cohu (NASDAQ:COHU) last announced its quarterly earnings results on Thursday, February 20th. The semiconductor company reported ($0.25) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). Cohu had a negative net margin of 11.35% and a negative return on equity of 1.01%. As a group, research analysts expect that Cohu will post -0.51 EPS for the current fiscal year.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in Cohu by 1,225.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,392 shares of the semiconductor company’s stock worth $37,000 after buying an additional 1,287 shares during the last quarter. Sterling Capital Management LLC lifted its stake in shares of Cohu by 826.9% in the 4th quarter. Sterling Capital Management LLC now owns 1,483 shares of the semiconductor company’s stock valued at $40,000 after purchasing an additional 1,323 shares in the last quarter. First Horizon Advisors Inc. lifted its stake in shares of Cohu by 49.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,622 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 535 shares in the last quarter. Smartleaf Asset Management LLC lifted its stake in shares of Cohu by 413.3% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,740 shares of the semiconductor company’s stock valued at $46,000 after purchasing an additional 1,401 shares in the last quarter. Finally, KBC Group NV lifted its stake in shares of Cohu by 75.7% in the 4th quarter. KBC Group NV now owns 2,627 shares of the semiconductor company’s stock valued at $70,000 after purchasing an additional 1,132 shares in the last quarter. Hedge funds and other institutional investors 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.