Brokerages Set Cohu, Inc. (NASDAQ:COHU) PT at $30.57

Shares of Cohu, Inc. (NASDAQ:COHU) have been assigned an average recommendation of “Hold” from the seven analysts that are presently covering the stock, MarketBeat reports. One investment analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $30.57.

COHU has been the subject of a number of recent analyst reports. Stifel Nicolaus decreased their target price on shares of Cohu from $40.00 to $35.00 and set a “buy” rating for the company in a research report on Friday, February 14th. Needham & Company LLC reiterated a “hold” rating on shares of Cohu in a research report on Tuesday, February 25th. Finally, B. Riley dropped their target price on shares of Cohu from $34.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, February 14th.

Institutional Investors Weigh In On Cohu

Large investors have recently bought and sold shares of the stock. Versant Capital Management Inc raised its holdings in shares of Cohu by 232.0% during the first quarter. Versant Capital Management Inc now owns 2,417 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 1,689 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. raised its stake in Cohu by 1,225.7% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,392 shares of the semiconductor company’s stock worth $37,000 after buying an additional 1,287 shares during the period. Sterling Capital Management LLC boosted its holdings in Cohu by 826.9% in the fourth quarter. Sterling Capital Management LLC now owns 1,483 shares of the semiconductor company’s stock worth $40,000 after acquiring an additional 1,323 shares in the last quarter. Smartleaf Asset Management LLC grew its stake in Cohu by 413.3% in the fourth quarter. Smartleaf Asset Management LLC now owns 1,740 shares of the semiconductor company’s stock valued at $46,000 after acquiring an additional 1,401 shares during the period. Finally, KBC Group NV increased its holdings in shares of Cohu by 75.7% during the fourth quarter. KBC Group NV now owns 2,627 shares of the semiconductor company’s stock valued at $70,000 after acquiring an additional 1,132 shares in the last quarter. 94.67% of the stock is currently owned by institutional investors and hedge funds.

Cohu Price Performance

COHU stock opened at $14.39 on Tuesday. The company has a market capitalization of $669.71 million, a P/E ratio of -9.59 and a beta of 1.39. The company has a fifty day moving average price of $17.81 and a 200-day moving average price of $22.98. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.69 and a current ratio of 6.38. Cohu has a 52-week low of $12.57 and a 52-week high of $36.60.

Cohu (NASDAQ:COHU) last announced its earnings results 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 3.18% and a negative net margin of 17.38%. As a group, equities analysts expect that Cohu will post -0.36 EPS for the current year.

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.