Cohu’s (COHU) “Hold” Rating Reaffirmed at Needham & Company LLC

Cohu (NASDAQ:COHU)‘s stock had its “hold” rating restated by stock analysts at Needham & Company LLC in a research report issued to clients and investors on Friday,Benzinga reports.

Several other equities research analysts have also weighed in on COHU. 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. The Goldman Sachs Group reduced their target price on shares of Cohu from $26.00 to $23.00 and set a “sell” rating for the company in a research note on Friday, November 1st. Finally, TD Cowen dropped their price target on shares of Cohu from $36.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Two research analysts have rated the stock with a sell rating, two have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $31.50.

Cohu Price Performance

Shares of NASDAQ:COHU opened at $21.47 on Friday. The company has a market capitalization of $1.00 billion, a P/E ratio of -19.88 and a beta of 1.45. The company’s 50-day moving average is $24.98 and its 200 day moving average is $25.54. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.69 and a current ratio of 6.38. Cohu has a fifty-two week low of $20.76 and a fifty-two week high of $36.60.

Cohu (NASDAQ:COHU) last released its earnings results on Thursday, February 20th. The semiconductor company reported ($0.25) earnings per share 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%. On average, equities research analysts forecast that Cohu will post -0.51 earnings per share for the current year.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the stock. International Assets Investment Management LLC purchased a new stake in shares of Cohu in the third quarter worth about $528,000. Charles Schwab Investment Management Inc. lifted its stake in Cohu by 10.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 624,274 shares of the semiconductor company’s stock worth $16,044,000 after purchasing an additional 59,806 shares in the last quarter. Creative Planning boosted its holdings in Cohu by 219.4% in the 3rd quarter. Creative Planning now owns 27,237 shares of the semiconductor company’s stock valued at $700,000 after purchasing an additional 18,709 shares during the period. Assenagon Asset Management S.A. grew its position in shares of Cohu by 286.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 107,817 shares of the semiconductor company’s stock valued at $2,771,000 after purchasing an additional 79,890 shares in the last quarter. Finally, Victory Capital Management Inc. increased its holdings in shares of Cohu by 7.1% in the third quarter. Victory Capital Management Inc. now owns 3,358,288 shares of the semiconductor company’s stock worth $86,308,000 after purchasing an additional 224,022 shares during the period. Hedge funds and other 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.