Cohu, Inc. (NASDAQ:COHU) Given Average Rating of “Moderate Buy” by Brokerages

Cohu, Inc. (NASDAQ:COHU) has been given a consensus rating of “Moderate Buy” by the eight ratings firms that are currently covering the firm, MarketBeat reports. One research analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $49.00.

A number of equities research analysts have recently commented on the company. Stifel Nicolaus lifted their price objective on Cohu from $32.00 to $34.00 and gave the company a “buy” rating in a research report on Wednesday, March 18th. Jefferies Financial Group set a $60.00 price objective on Cohu and gave the company a “buy” rating in a research report on Friday, May 1st. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cohu in a research report on Monday, April 20th. Evercore reaffirmed an “outperform” rating and issued a $53.00 price objective on shares of Cohu in a research report on Tuesday, April 28th. Finally, Zacks Research raised Cohu from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th.

Insider Activity

In other Cohu news, Director Steven J. Bilodeau sold 10,257 shares of the business’s stock in a transaction dated Wednesday, May 20th. The stock was sold at an average price of $44.85, for a total transaction of $460,026.45. Following the completion of the sale, the director owned 52,272 shares of the company’s stock, valued at approximately $2,344,399.20. The trade was a 16.40% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Jeffrey D. Jones sold 13,000 shares of the business’s stock in a transaction dated Friday, May 22nd. The shares were sold at an average price of $46.84, for a total value of $608,920.00. Following the sale, the chief financial officer directly owned 343,792 shares of the company’s stock, valued at approximately $16,103,217.28. This trade represents a 3.64% decrease in their position. The disclosure for this sale is available in the SEC filing. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 90,668 shares of company stock valued at $4,212,706 in the last 90 days. 3.05% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Cohu

A number of institutional investors have recently added to or reduced their stakes in the company. Segall Bryant & Hamill LLC grew its position in Cohu by 125.5% during the first quarter. Segall Bryant & Hamill LLC now owns 955,344 shares of the semiconductor company’s stock valued at $29,253,000 after acquiring an additional 531,661 shares during the period. Bank of America Corp DE grew its position in Cohu by 2.2% during the first quarter. Bank of America Corp DE now owns 517,195 shares of the semiconductor company’s stock valued at $15,837,000 after acquiring an additional 11,123 shares during the period. Amundi grew its position in Cohu by 89.0% during the first quarter. Amundi now owns 36,844 shares of the semiconductor company’s stock valued at $1,128,000 after acquiring an additional 17,345 shares during the period. California State Teachers Retirement System grew its position in Cohu by 35.8% during the first quarter. California State Teachers Retirement System now owns 58,792 shares of the semiconductor company’s stock valued at $1,800,000 after acquiring an additional 15,503 shares during the period. Finally, The Manufacturers Life Insurance Company grew its position in Cohu by 44.2% during the first quarter. The Manufacturers Life Insurance Company now owns 19,734 shares of the semiconductor company’s stock valued at $604,000 after acquiring an additional 6,045 shares during the period. Hedge funds and other institutional investors own 94.67% of the company’s stock.

Cohu Price Performance

Shares of NASDAQ:COHU opened at $54.99 on Wednesday. The company has a market cap of $2.59 billion, a P/E ratio of -46.21 and a beta of 1.62. The company has a quick ratio of 5.31, a current ratio of 6.43 and a debt-to-equity ratio of 0.37. Cohu has a 52 week low of $17.71 and a 52 week high of $58.47. The business has a fifty day simple moving average of $44.74 and a 200-day simple moving average of $33.56.

Cohu (NASDAQ:COHU) last announced its quarterly earnings data on Thursday, April 30th. The semiconductor company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The business had revenue of $125.12 million during the quarter, compared to analysts’ expectations of $122.14 million. Cohu had a negative net margin of 11.54% and a negative return on equity of 3.50%. Cohu’s revenue for the quarter was up 29.3% on a year-over-year basis. During the same period in the prior year, the firm earned ($0.02) EPS. Equities research analysts forecast that Cohu will post 0.17 EPS for the current year.

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.