Brokerages Set Cohu, Inc. (NASDAQ:COHU) Price Target at $30.57

Cohu, Inc. (NASDAQ:COHU) has been assigned a consensus rating of “Hold” from the seven ratings firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have assigned a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $30.57.

A number of equities analysts recently issued reports on COHU shares. 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, November 1st. Stifel Nicolaus dropped their price objective on shares of Cohu from $40.00 to $35.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. Needham & Company LLC reissued a “hold” rating on shares of Cohu in a research report on Friday, February 14th. 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 report on Friday, November 1st. Finally, The Goldman Sachs Group decreased their price objective on Cohu from $26.00 to $23.00 and set a “sell” rating for the company in a report on Friday, November 1st.

Institutional Investors Weigh In On Cohu

A number of institutional investors have recently added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. boosted its stake in shares of 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 holdings in Cohu by 826.9% during the fourth quarter. Sterling Capital Management LLC now owns 1,483 shares of the semiconductor company’s stock worth $40,000 after acquiring an additional 1,323 shares during the period. First Horizon Advisors Inc. boosted its position in Cohu by 49.2% in the third quarter. First Horizon Advisors Inc. now owns 1,622 shares of the semiconductor company’s stock worth $42,000 after purchasing an additional 535 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in Cohu by 413.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,740 shares of the semiconductor company’s stock worth $46,000 after purchasing an additional 1,401 shares during the last quarter. Finally, KBC Group NV grew its stake in 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 during the period. 94.67% of the stock is owned by institutional investors.

Cohu Price Performance

COHU stock opened at $21.03 on Monday. 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 is $24.28 and its 200-day moving average is $25.22. The stock has a market capitalization of $980.21 million, a PE ratio of -14.02 and a beta of 1.45. Cohu has a 1 year low of $19.52 and a 1 year high of $36.60.

Cohu (NASDAQ:COHU) last posted its quarterly 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 return on equity of 3.18% and a negative net margin of 17.38%. Equities research analysts expect that Cohu will post -0.36 EPS for the current fiscal year.

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.