Cohu (NASDAQ:COHU) Sets New 52-Week Low – Time to Sell?

Cohu, Inc. (NASDAQ:COHU) shares reached a new 52-week low during trading on Monday . The stock traded as low as $16.58 and last traded at $17.18, with a volume of 39630 shares trading hands. The stock had previously closed at $17.18.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on COHU. Needham & Company LLC restated a “hold” rating on shares of Cohu in a report on Tuesday, February 25th. B. Riley cut their target price on Cohu from $34.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. Finally, Stifel Nicolaus dropped their price target on shares of Cohu from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Cohu presently has an average rating of “Hold” and a consensus price target of $30.57.

Cohu Stock Performance

The company has a debt-to-equity ratio of 0.01, a current ratio of 6.38 and a quick ratio of 4.69. The company’s 50-day moving average price is $22.71 and its two-hundred day moving average price is $24.75. The company has a market capitalization of $784.26 million, a price-to-earnings ratio of -11.17 and a beta of 1.50.

Cohu (NASDAQ:COHU) last issued its quarterly earnings data on Thursday, February 20th. The semiconductor company reported ($0.25) earnings per share 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%. On average, equities research analysts anticipate that Cohu, Inc. will post -0.36 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. Victory Capital Management Inc. increased its position in shares of Cohu by 7.1% during the third quarter. Victory Capital Management Inc. now owns 3,358,288 shares of the semiconductor company’s stock valued at $86,308,000 after acquiring an additional 224,022 shares in the last quarter. Franklin Resources Inc. increased its holdings in Cohu by 1.4% in the 4th quarter. Franklin Resources Inc. now owns 3,191,263 shares of the semiconductor company’s stock worth $85,207,000 after acquiring an additional 45,571 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in Cohu by 78.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 2,615,235 shares of the semiconductor company’s stock worth $69,827,000 after acquiring an additional 1,152,825 shares during the period. Royce & Associates LP grew its holdings in Cohu by 28.0% during the 4th quarter. Royce & Associates LP now owns 1,442,394 shares of the semiconductor company’s stock valued at $38,512,000 after buying an additional 315,605 shares in the last quarter. Finally, Ameriprise Financial Inc. increased its stake in Cohu by 15.5% in the 4th quarter. Ameriprise Financial Inc. now owns 1,148,977 shares of the semiconductor company’s stock worth $30,678,000 after acquiring an additional 154,550 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.