Cohu (NASDAQ:COHU) Given New $30.00 Price Target at TD Cowen

Cohu (NASDAQ:COHU) had its target price reduced by TD Cowen from $36.00 to $30.00 in a research report sent to investors on Friday, Marketbeat.com reports. They currently have a buy rating on the semiconductor company’s stock.

A number of other brokerages also recently weighed in on COHU. Citigroup downgraded shares of Cohu from a “buy” rating to a “neutral” rating and set a $36.00 price target for the company. in a report on Monday, July 15th. Craig Hallum upgraded Cohu from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Friday. Needham & Company LLC upped their target price on Cohu from $27.00 to $30.00 and gave the company a “buy” rating in a report on Friday. Finally, StockNews.com cut Cohu from a “hold” rating to a “sell” rating in a research note on Friday, August 2nd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $31.50.

Cohu Stock Performance

Shares of COHU traded up $2.43 during trading hours on Friday, reaching $27.35. 745,000 shares of the company’s stock traded hands, compared to its average volume of 311,069. Cohu has a twelve month low of $22.80 and a twelve month high of $36.60. The business’s fifty day simple moving average is $25.18 and its two-hundred day simple moving average is $28.66. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.95 and a quick ratio of 5.09. The firm has a market capitalization of $1.28 billion, a price-to-earnings ratio of -44.84 and a beta of 1.53.

Cohu (NASDAQ:COHU) last released its quarterly earnings results on Thursday, October 31st. The semiconductor company reported ($0.17) EPS for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.02). Cohu had a positive return on equity of 1.27% and a negative net margin of 5.70%. The company had revenue of $95.30 million for the quarter, compared to the consensus estimate of $95.75 million. During the same quarter last year, the firm posted $0.27 earnings per share. The firm’s quarterly revenue was down 36.8% compared to the same quarter last year. Analysts predict that Cohu will post -0.41 earnings per share for the current year.

Insider Transactions at Cohu

In other Cohu news, Director Nina Richardson sold 4,999 shares of Cohu stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $24.14, for a total transaction of $120,675.86. Following the completion of the sale, the director now owns 28,313 shares of the company’s stock, valued at $683,475.82. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Insiders sold 5,399 shares of company stock valued at $130,204 over the last three months. 2.70% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Cohu

Several large investors have recently made changes to their positions in the company. Vanguard Group Inc. grew its position in Cohu by 3.3% in the first quarter. Vanguard Group Inc. now owns 4,303,097 shares of the semiconductor company’s stock worth $143,422,000 after acquiring an additional 137,475 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Cohu by 1.7% during the second quarter. Dimensional Fund Advisors LP now owns 3,161,347 shares of the semiconductor company’s stock worth $104,638,000 after buying an additional 51,640 shares during the last quarter. Bank of New York Mellon Corp raised its holdings in Cohu by 54.7% during the second quarter. Bank of New York Mellon Corp now owns 905,309 shares of the semiconductor company’s stock valued at $29,966,000 after buying an additional 320,234 shares in the last quarter. TimesSquare Capital Management LLC lifted its position in shares of Cohu by 7.2% in the first quarter. TimesSquare Capital Management LLC now owns 746,680 shares of the semiconductor company’s stock worth $24,887,000 after buying an additional 49,892 shares during the last quarter. Finally, Divisar Capital Management LLC boosted its stake in shares of Cohu by 5.9% during the 2nd quarter. Divisar Capital Management LLC now owns 540,183 shares of the semiconductor company’s stock worth $17,880,000 after acquiring an additional 30,000 shares in the last quarter. Institutional investors own 94.67% of the company’s stock.

Cohu Company Profile

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.