Cohu (NASDAQ:COHU) Price Target Lowered to $35.00 at Stifel Nicolaus

Cohu (NASDAQ:COHU) had its price target cut by Stifel Nicolaus from $40.00 to $35.00 in a research note released on Friday morning,Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

A number of other analysts have also issued reports on COHU. 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 report on Friday, November 1st. TD Cowen dropped their price objective on Cohu from $36.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, November 1st. The Goldman Sachs Group dropped their price objective on Cohu from $26.00 to $23.00 and set a “sell” rating on the stock in a report on Friday, November 1st. Finally, Needham & Company LLC restated a “hold” rating on shares of Cohu in a report on Friday. Two equities research analysts have rated the stock with a sell rating, two have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $30.57.

Cohu Stock Performance

COHU stock opened at $21.12 on Friday. The company has a market capitalization of $984.40 million, a P/E ratio of -19.56 and a beta of 1.45. The company has a 50-day simple moving average of $24.87 and a 200 day simple moving average of $25.47. Cohu has a fifty-two week low of $19.52 and a fifty-two week 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.

Cohu (NASDAQ:COHU) last posted its quarterly earnings data on Thursday, February 20th. The semiconductor company reported ($0.25) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.07) by ($0.18). Cohu had a negative return on equity of 1.01% and a negative net margin of 11.35%. Sell-side analysts predict that Cohu will post -0.51 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of COHU. Thrivent Financial for Lutherans lifted its position in Cohu by 78.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 2,615,235 shares of the semiconductor company’s stock worth $69,827,000 after purchasing an additional 1,152,825 shares during the period. Franklin Resources Inc. increased its position in Cohu by 25.9% in the third quarter. Franklin Resources Inc. now owns 3,145,692 shares of the semiconductor company’s stock worth $82,134,000 after purchasing an additional 647,828 shares during the period. Royce & Associates LP increased its position in Cohu by 28.0% in the fourth quarter. Royce & Associates LP now owns 1,442,394 shares of the semiconductor company’s stock worth $38,512,000 after purchasing an additional 315,605 shares during the period. Lightrock Netherlands B.V. acquired a new position in shares of Cohu during the 4th quarter worth about $8,016,000. Finally, Leeward Investments LLC MA acquired a new position in shares of Cohu during the 4th quarter worth about $7,076,000. 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.