Cohu (NASDAQ:COHU) Reaches New 12-Month Low – Here’s Why

Cohu, Inc. (NASDAQ:COHU)’s share price hit a new 52-week low during trading on Friday . The company traded as low as $15.39 and last traded at $15.41, with a volume of 137032 shares changing hands. The stock had previously closed at $16.36.

Analyst Ratings Changes

COHU has been the subject of several recent research reports. B. Riley reduced 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. Stifel Nicolaus decreased their price target on shares of Cohu from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Friday, February 14th. Finally, Needham & Company LLC reissued a “hold” rating on shares of Cohu in a research report on Tuesday, February 25th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, Cohu presently has an average rating of “Hold” and a consensus target price of $30.57.

Cohu Trading Down 7.7 %

The company has a market cap of $705.32 million, a P/E ratio of -10.07 and a beta of 1.50. The company has a current ratio of 6.38, a quick ratio of 4.69 and a debt-to-equity ratio of 0.01. The business has a 50 day moving average price of $19.98 and a 200-day moving average price of $23.83.

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

Institutional Investors Weigh In On Cohu

Institutional investors and hedge funds have recently modified their holdings of the company. Franklin Resources Inc. increased its position in Cohu by 1.4% during the fourth quarter. Franklin Resources Inc. now owns 3,191,263 shares of the semiconductor company’s stock worth $85,207,000 after buying an additional 45,571 shares during the last quarter. Thrivent Financial for Lutherans boosted its stake in shares of Cohu by 78.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 2,615,235 shares of the semiconductor company’s stock worth $69,827,000 after acquiring an additional 1,152,825 shares during the period. Royce & Associates LP increased its holdings in shares of Cohu by 28.0% during the 4th quarter. Royce & Associates LP now owns 1,442,394 shares of the semiconductor company’s stock worth $38,512,000 after acquiring an additional 315,605 shares during the last quarter. Ameriprise Financial Inc. raised its stake in Cohu by 15.5% in the 4th quarter. Ameriprise Financial Inc. now owns 1,148,977 shares of the semiconductor company’s stock valued at $30,678,000 after acquiring an additional 154,550 shares during the period. Finally, Frontier Capital Management Co. LLC lifted its holdings in Cohu by 52.2% during the 4th quarter. Frontier Capital Management Co. LLC now owns 1,139,325 shares of the semiconductor company’s stock valued at $30,420,000 after purchasing an additional 390,558 shares during the last quarter. 94.67% of the stock is owned by institutional investors.

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.