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

Shares of Cohu, Inc. (NASDAQ:COHUGet Free Report) have been given an average rating of “Buy” by the four ratings firms that are presently covering the firm, Marketbeat reports. Four investment analysts have rated the stock with a buy rating. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $43.50.

A number of brokerages have commented on COHU. TD Cowen increased their price target on shares of Cohu from $38.00 to $40.00 and gave the company an “outperform” rating in a research report on Friday, February 16th. Needham & Company LLC reiterated a “buy” rating and set a $36.00 price target on shares of Cohu in a research report on Friday, February 16th.

Get Our Latest Report on COHU

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in COHU. Alliancebernstein L.P. grew its holdings in shares of Cohu by 1,415.3% in the second quarter. Alliancebernstein L.P. now owns 893,341 shares of the semiconductor company’s stock worth $37,127,000 after purchasing an additional 834,385 shares during the last quarter. TimesSquare Capital Management LLC grew its holdings in shares of Cohu by 166.1% in the third quarter. TimesSquare Capital Management LLC now owns 647,338 shares of the semiconductor company’s stock worth $22,294,000 after purchasing an additional 404,028 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of Cohu by 7.8% in the third quarter. Vanguard Group Inc. now owns 4,105,906 shares of the semiconductor company’s stock worth $141,407,000 after purchasing an additional 295,456 shares during the last quarter. Pacer Advisors Inc. grew its holdings in shares of Cohu by 61.3% in the fourth quarter. Pacer Advisors Inc. now owns 751,039 shares of the semiconductor company’s stock worth $26,579,000 after purchasing an additional 285,537 shares during the last quarter. Finally, Victory Capital Management Inc. grew its holdings in shares of Cohu by 8.6% in the fourth quarter. Victory Capital Management Inc. now owns 3,040,306 shares of the semiconductor company’s stock worth $97,442,000 after purchasing an additional 240,574 shares during the last quarter. Institutional investors own 94.67% of the company’s stock.

Cohu Stock Down 1.8 %

COHU stock opened at $32.38 on Friday. The company has a current ratio of 6.18, a quick ratio of 4.67 and a debt-to-equity ratio of 0.04. The company’s 50 day moving average is $32.28 and its 200 day moving average is $33.02. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 54.88 and a beta of 1.52. Cohu has a 1-year low of $29.07 and a 1-year high of $43.99.

Cohu (NASDAQ:COHUGet Free Report) last posted its quarterly earnings data on Thursday, February 15th. The semiconductor company reported $0.23 earnings per share for the quarter, topping the consensus estimate of $0.22 by $0.01. Cohu had a net margin of 4.42% and a return on equity of 6.73%. The company had revenue of $137.23 million for the quarter, compared to analysts’ expectations of $136.94 million. During the same period in the prior year, the business earned $0.63 earnings per share. Cohu’s revenue for the quarter was down 28.2% compared to the same quarter last year. Sell-side analysts predict that Cohu will post 0.22 EPS for the current fiscal year.

Cohu Company Profile

(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.

Recommended Stories

Receive News & Ratings for Cohu Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cohu and related companies with MarketBeat.com's FREE daily email newsletter.