Cohu (NASDAQ:COHU)‘s stock had its “buy” rating reaffirmed by analysts at DA Davidson in a report issued on Friday, Zacks.com reports.
A number of other equities analysts have also commented on COHU. B. Riley boosted their price objective on Cohu from $19.00 to $20.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Stifel Nicolaus dropped their target price on Cohu from $30.00 to $19.00 and set a “buy” rating for the company in a research report on Tuesday, April 21st. They noted that the move was a valuation call. ValuEngine downgraded Cohu from a “buy” rating to a “hold” rating in a research report on Friday, May 1st. Cowen boosted their target price on Cohu from $20.00 to $24.00 and gave the stock an “outperform” rating in a research report on Friday. Finally, Deutsche Bank boosted their target price on Cohu from $18.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. One research analyst has rated the stock with a sell rating, one has given a hold rating and eight have issued a buy rating to the company’s stock. Cohu has an average rating of “Buy” and a consensus price target of $23.00.
Cohu stock opened at $18.83 on Friday. The company has a debt-to-equity ratio of 0.80, a quick ratio of 1.95 and a current ratio of 2.87. The firm has a market cap of $785.27 million, a P/E ratio of -15.69 and a beta of 1.88. The business’s fifty day moving average is $16.98 and its two-hundred day moving average is $17.59. Cohu has a 52 week low of $8.89 and a 52 week high of $26.43.
Cohu (NASDAQ:COHU) last posted its quarterly earnings data on Thursday, July 30th. The semiconductor company reported $0.17 EPS for the quarter, topping analysts’ consensus estimates of $0.02 by $0.15. The company had revenue of $144.08 million for the quarter, compared to analyst estimates of $143.30 million. Cohu had a positive return on equity of 0.11% and a negative net margin of 8.75%. On average, equities research analysts predict that Cohu will post -0.03 earnings per share for the current year.
In related news, Director William Bendush sold 4,500 shares of the company’s stock in a transaction dated Thursday, May 21st. The stock was sold at an average price of $15.28, for a total value of $68,760.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 3.07% of the company’s stock.
Institutional investors have recently made changes to their positions in the business. Comerica Bank boosted its position in shares of Cohu by 9.5% during the second quarter. Comerica Bank now owns 43,870 shares of the semiconductor company’s stock worth $761,000 after buying an additional 3,817 shares during the period. UBS Group AG boosted its position in shares of Cohu by 1,126.6% during the second quarter. UBS Group AG now owns 19,565 shares of the semiconductor company’s stock worth $339,000 after buying an additional 17,970 shares during the period. Brinker Capital Inc. boosted its position in shares of Cohu by 1.5% during the second quarter. Brinker Capital Inc. now owns 57,715 shares of the semiconductor company’s stock worth $1,001,000 after buying an additional 875 shares during the period. Peregrine Capital Management LLC boosted its position in shares of Cohu by 73.9% during the second quarter. Peregrine Capital Management LLC now owns 373,765 shares of the semiconductor company’s stock worth $6,481,000 after buying an additional 158,889 shares during the period. Finally, Pitcairn Co. acquired a new position in shares of Cohu during the second quarter worth about $373,000. Institutional investors own 90.32% of the company’s stock.
Cohu, Inc, through its subsidiaries, provides semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors, thermal sub-systems, semiconductor automated test equipment (ATE), and bare board printed circuit board (PCB) test systems for semiconductor and electronics manufacturers, and test subcontractors worldwide.
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