Cohu, Inc. (NASDAQ:COHU) Receives Consensus Rating of “Moderate Buy” from Analysts

by · The Cerbat Gem

Cohu, Inc. (NASDAQ:COHU – Get Free Report) has been assigned a consensus recommendation of “Moderate Buy” from the four brokerages that are presently covering the stock, MarketBeat Ratings reports. One research analyst has rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $46.67.

Several analysts have issued reports on COHU shares. StockNews.com lowered shares of Cohu from a “buy” rating to a “hold” rating in a research report on Saturday, November 4th. TheStreet lowered shares of Cohu from a “b-” rating to a “c+” rating in a report on Thursday, November 16th. Finally, Needham & Company LLC dropped their target price on shares of Cohu from $52.00 to $42.00 and set a “buy” rating for the company in a report on Friday, November 3rd.

Check Out Our Latest Stock Report on Cohu

Insider Buying and Selling

In related news, VP Thomas D. Kampfer sold 3,000 shares of the stock in a transaction dated Wednesday, November 15th. The shares were sold at an average price of $32.82, for a total value of $98,460.00. Following the completion of the transaction, the vice president now directly owns 54,482 shares of the company’s stock, valued at $1,788,099.24. The transaction was disclosed in a legal filing with the SEC, which is available through this link. 2.79% of the stock is owned by insiders.

Hedge Funds Weigh In On Cohu

Institutional investors and hedge funds have recently made changes to their positions in the business. Riverwater Partners LLC bought a new position in shares of Cohu during the second quarter valued at approximately $216,000. Kovack Advisors Inc. increased its stake in shares of Cohu by 10.4% during the second quarter. Kovack Advisors Inc. now owns 54,010 shares of the semiconductor company’s stock valued at $2,245,000 after purchasing an additional 5,085 shares in the last quarter. Dimensional Fund Advisors LP increased its stake in shares of Cohu by 1.3% during the second quarter. Dimensional Fund Advisors LP now owns 2,990,115 shares of the semiconductor company’s stock valued at $124,269,000 after purchasing an additional 37,203 shares in the last quarter. ProShare Advisors LLC increased its stake in shares of Cohu by 7.0% during the second quarter. ProShare Advisors LLC now owns 7,317 shares of the semiconductor company’s stock valued at $304,000 after purchasing an additional 479 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its stake in shares of Cohu by 8.1% during the second quarter. Charles Schwab Investment Management Inc. now owns 417,816 shares of the semiconductor company’s stock valued at $17,364,000 after purchasing an additional 31,331 shares in the last quarter. Institutional investors own 88.23% of the company’s stock.

Cohu Stock Performance

NASDAQ COHU opened at $34.02 on Friday. The company has a 50-day simple moving average of $33.52 and a two-hundred day simple moving average of $35.17. The company has a quick ratio of 4.30, a current ratio of 5.59 and a debt-to-equity ratio of 0.04. Cohu has a 12-month low of $29.07 and a 12-month high of $43.99. The firm has a market cap of $1.62 billion, a price-to-earnings ratio of 31.50 and a beta of 1.51.

Cohu (NASDAQ:COHU – Get Free Report) last posted its quarterly earnings results on Thursday, November 2nd. The semiconductor company reported $0.27 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.25 by $0.02. Cohu had a net margin of 7.51% and a return on equity of 9.18%. The business had revenue of $150.80 million during the quarter, compared to analyst estimates of $150.05 million. On average, equities analysts forecast that Cohu will post 1.35 EPS for the current year.

About Cohu

(Get Free Report

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.

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