Cohu (NASDAQ:COHU) Stock Crosses Above 200 Day Moving Average – What’s Next?

Cohu, Inc. (NASDAQ:COHU)’s stock price passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of $27.28 and traded as high as $27.44. Cohu shares last traded at $26.37, with a volume of 283,230 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. TD Cowen dropped their price objective on shares of Cohu from $36.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, November 1st. Craig Hallum raised shares of Cohu from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a report on Friday, November 1st. The Goldman Sachs Group cut 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 lifted their target price on Cohu from $27.00 to $30.00 and gave the company a “buy” rating in a research report on Friday, November 1st. Two analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $31.50.

Cohu Trading Down 3.7 %

The company has a market capitalization of $1.18 billion, a P/E ratio of -23.51 and a beta of 1.47. The firm’s 50-day moving average price is $26.71 and its 200 day moving average price is $27.28. 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 announced its quarterly earnings data on Thursday, October 31st. The semiconductor company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.02). Cohu had a negative net margin of 11.35% and a negative return on equity of 1.01%. The business had revenue of $95.30 million during the quarter, compared to the consensus estimate of $95.75 million. During the same quarter last year, the company earned $0.27 EPS. The firm’s revenue for the quarter was down 36.8% compared to the same quarter last year. As a group, equities research analysts predict that Cohu, Inc. will post -0.46 earnings per share for the current year.

Institutional Trading of Cohu

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Mackenzie Financial Corp boosted its position in shares of Cohu by 5.6% during the second quarter. Mackenzie Financial Corp now owns 7,939 shares of the semiconductor company’s stock valued at $263,000 after purchasing an additional 419 shares in the last quarter. Oak Associates Ltd. OH increased its position in shares of Cohu by 0.6% during the 2nd quarter. Oak Associates Ltd. OH now owns 83,704 shares of the semiconductor company’s stock valued at $2,771,000 after purchasing an additional 521 shares during the last quarter. First Horizon Advisors Inc. grew its holdings in Cohu by 49.2% during the third quarter. First Horizon Advisors Inc. now owns 1,622 shares of the semiconductor company’s stock valued at $42,000 after purchasing an additional 535 shares during the period. Orion Portfolio Solutions LLC boosted its stake in Cohu by 3.2% in the 3rd quarter. Orion Portfolio Solutions LLC now owns 36,725 shares of the semiconductor company’s stock worth $944,000 after purchasing an additional 1,141 shares during the period. Finally, The Manufacturers Life Insurance Company raised its holdings in shares of Cohu by 5.5% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 24,002 shares of the semiconductor company’s stock worth $794,000 after acquiring an additional 1,247 shares in the last quarter. Institutional investors own 94.67% of the company’s stock.

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.