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

Needham & Company LLC restated their hold rating on shares of Cohu (NASDAQ:COHU) in a report issued on Tuesday,Benzinga reports.

Several other research firms have also recently issued reports on COHU. The Goldman Sachs Group lowered their price objective on Cohu from $26.00 to $23.00 and set a “sell” rating for the company in a research report on Friday, November 1st. TD Cowen lowered their price objective on Cohu from $36.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Craig Hallum raised Cohu from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Friday, November 1st. Stifel Nicolaus lowered their price objective on Cohu from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Friday, February 14th. Finally, B. Riley lowered their price objective on Cohu from $34.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, February 14th. Two research analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, Cohu currently has an average rating of “Hold” and an average target price of $30.57.

Cohu Price Performance

Shares of NASDAQ COHU opened at $19.40 on Tuesday. The stock’s 50-day moving average is $23.95 and its two-hundred day moving average is $25.14. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.38 and a quick ratio of 4.69. Cohu has a 1-year low of $18.76 and a 1-year high of $36.60. The company has a market cap of $906.17 million, a price-to-earnings ratio of -12.93 and a beta of 1.45.

Cohu (NASDAQ:COHU) last issued its quarterly earnings results 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 return on equity of 3.18% and a negative net margin of 17.38%. Analysts forecast that Cohu will post -0.36 EPS for the current fiscal year.

Institutional Trading of Cohu

A number of large investors have recently made changes to their positions in COHU. Creative Planning boosted its position in shares of 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. International Assets Investment Management LLC acquired a new stake in shares of Cohu in the 3rd quarter valued at about $528,000. Assenagon Asset Management S.A. boosted its position in shares of Cohu by 286.1% in 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 during the period. US Bancorp DE boosted its position in shares of Cohu by 59.7% in the 3rd quarter. US Bancorp DE now owns 8,823 shares of the semiconductor company’s stock valued at $227,000 after purchasing an additional 3,297 shares during the period. Finally, GSA Capital Partners LLP boosted its position in shares of Cohu by 34.3% in the 3rd quarter. GSA Capital Partners LLP now owns 9,922 shares of the semiconductor company’s stock valued at $255,000 after purchasing an additional 2,532 shares during the period. 94.67% of the stock is owned by institutional investors and hedge funds.

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.