Cohu (NASDAQ:COHU) Sets New 52-Week Low – Should You Sell?

Cohu, Inc. (NASDAQ:COHU)’s stock price reached a new 52-week low on Monday . The stock traded as low as $22.80 and last traded at $23.34, with a volume of 16477 shares changing hands. The stock had previously closed at $23.95.

Analysts Set New Price Targets

COHU has been the topic of several research analyst reports. Needham & Company LLC cut shares of Cohu from a “buy” rating to a “hold” rating in a research report on Monday, January 13th. The Goldman Sachs Group reduced their target price on shares of Cohu from $26.00 to $23.00 and set a “sell” rating on the stock in a research report on Friday, November 1st. TD Cowen lowered their price target on shares of Cohu from $36.00 to $30.00 and set a “buy” rating for the company in a research report on Friday, November 1st. Finally, Craig Hallum upgraded shares of Cohu from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a report on Friday, November 1st. Two investment analysts have rated the stock with a sell rating, two have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $31.50.

Cohu Trading Down 3.9 %

The company has a market capitalization of $1.07 billion, a P/E ratio of -21.34 and a beta of 1.47. The stock has a 50 day moving average of $26.12 and a 200-day moving average of $26.52. The company has a current ratio of 6.38, a quick ratio of 4.69 and a debt-to-equity ratio of 0.01.

Cohu (NASDAQ:COHU) last released its earnings results on Thursday, October 31st. The semiconductor company reported ($0.17) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.02). The firm had revenue of $95.30 million for the quarter, compared to analysts’ expectations of $95.75 million. Cohu had a negative net margin of 11.35% and a negative return on equity of 1.01%. The firm’s quarterly revenue was down 36.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.27 EPS. On average, research analysts predict that Cohu, Inc. will post -0.46 EPS for the current year.

Hedge Funds Weigh In On Cohu

A number of hedge funds and other institutional investors have recently modified their holdings of COHU. International Assets Investment Management LLC bought a new position in shares of Cohu during the 3rd quarter valued at about $528,000. Charles Schwab Investment Management Inc. grew its holdings in shares of Cohu by 10.6% in the third quarter. Charles Schwab Investment Management Inc. now owns 624,274 shares of the semiconductor company’s stock valued at $16,044,000 after purchasing an additional 59,806 shares in the last quarter. Creative Planning increased its position in Cohu by 219.4% in the third quarter. Creative Planning now owns 27,237 shares of the semiconductor company’s stock worth $700,000 after purchasing an additional 18,709 shares during the last quarter. Assenagon Asset Management S.A. raised its stake in Cohu by 286.1% during the third 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 3rd quarter. Victory Capital Management Inc. now owns 3,358,288 shares of the semiconductor company’s stock worth $86,308,000 after buying an additional 224,022 shares during the last quarter. 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.