Cohu, Inc. (NASDAQ:COHU) Given Consensus Recommendation of “Hold” by Brokerages

Shares of Cohu, Inc. (NASDAQ:COHU) have earned an average recommendation of “Hold” from the six research firms that are currently covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $31.50.

Several analysts recently issued reports on COHU shares. The Goldman Sachs Group dropped their price objective on shares of Cohu from $26.00 to $23.00 and set a “sell” rating for the company in a research note on Friday, November 1st. TD Cowen dropped their price objective on shares of Cohu from $36.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, November 1st. Craig Hallum raised shares of Cohu from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research note on Friday, November 1st. Finally, Needham & Company LLC cut shares of Cohu from a “buy” rating to a “hold” rating in a research note on Monday, January 13th.

Cohu Stock Down 6.3 %

COHU opened at $22.45 on Thursday. Cohu has a twelve month low of $22.13 and a twelve month high of $36.60. The company has a quick ratio of 4.69, a current ratio of 6.38 and a debt-to-equity ratio of 0.01. The company has a 50-day moving average price of $26.06 and a 200 day moving average price of $26.43. The company has a market cap of $1.05 billion, a PE ratio of -20.79 and a beta of 1.47.

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

Hedge Funds Weigh In On Cohu

Large investors have recently made changes to their positions in the stock. First Horizon Advisors Inc. lifted its holdings in shares of Cohu by 49.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,622 shares of the semiconductor company’s stock worth $42,000 after acquiring an additional 535 shares during the last quarter. KBC Group NV lifted its holdings in shares of Cohu by 75.7% in the 4th quarter. KBC Group NV now owns 2,627 shares of the semiconductor company’s stock worth $70,000 after acquiring an additional 1,132 shares during the last quarter. Sheets Smith Wealth Management acquired a new position in shares of Cohu in the 4th quarter worth approximately $205,000. US Bancorp DE lifted its holdings 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 worth $227,000 after acquiring an additional 3,297 shares during the last quarter. Finally, GSA Capital Partners LLP lifted its holdings in Cohu by 34.3% during the 3rd quarter. GSA Capital Partners LLP now owns 9,922 shares of the semiconductor company’s stock worth $255,000 after buying an additional 2,532 shares in the last quarter. 94.67% of the stock is currently owned by institutional investors and hedge funds.

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.