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

Cohu, Inc. (NASDAQ:COHU) has been given an average rating of “Hold” by the seven research firms that are presently covering the stock, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have issued a buy recommendation on the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $30.57.

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

Cohu Trading Up 0.6 %

NASDAQ:COHU opened at $14.39 on Tuesday. Cohu has a one year low of $12.57 and a one year high of $36.60. The company has a market cap of $669.71 million, a PE ratio of -9.59 and a beta of 1.39. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.38 and a quick ratio of 4.69. The firm has a 50-day moving average of $17.81 and a 200-day moving average of $22.98.

Cohu (NASDAQ:COHU) last issued its quarterly earnings data on Thursday, February 20th. The semiconductor company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates 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 research analysts expect that Cohu will post -0.36 EPS for the current fiscal year.

Hedge Funds Weigh In On Cohu

Several institutional investors have recently bought and sold shares of the company. Versant Capital Management Inc increased its position in Cohu by 232.0% in the first quarter. Versant Capital Management Inc now owns 2,417 shares of the semiconductor company’s stock worth $36,000 after buying an additional 1,689 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in shares of 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 acquiring an additional 1,287 shares during the period. Sterling Capital Management LLC increased its holdings in Cohu by 826.9% in the 4th 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 during the last quarter. Smartleaf Asset Management LLC raised its stake in Cohu by 413.3% in the 4th 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 lifted its holdings in 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 purchasing an additional 1,132 shares during the last quarter. Hedge funds and other institutional investors own 94.67% of the company’s stock.

About Cohu

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.