Cohu, Inc. (NASDAQ:COHU) Receives Consensus Rating of “Moderate Buy” from Brokerages

Cohu, Inc. (NASDAQ:COHU) has been given a consensus rating of “Moderate Buy” by the five brokerages that are presently covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $35.00.

Several equities research analysts have recently weighed in on the company. Citigroup downgraded Cohu from a “buy” rating to a “neutral” rating and set a $36.00 price objective for the company. in a report on Monday, July 15th. StockNews.com downgraded Cohu from a “hold” rating to a “sell” rating in a report on Friday, August 2nd. Finally, Needham & Company LLC decreased their price objective on Cohu from $37.00 to $33.00 and set a “buy” rating for the company in a report on Thursday, August 1st.

Insider Buying and Selling

In other Cohu news, Director Nina Richardson sold 4,999 shares of the stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $24.14, for a total value of $120,675.86. Following the completion of the transaction, the director now owns 28,313 shares in the company, valued at approximately $683,475.82. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders sold a total of 5,399 shares of company stock valued at $130,204 over the last three months. 2.70% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in COHU. Tributary Capital Management LLC purchased a new position in shares of Cohu in the second quarter valued at $11,781,000. Bank of New York Mellon Corp increased its position in Cohu by 54.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 905,309 shares of the semiconductor company’s stock worth $29,966,000 after purchasing an additional 320,234 shares in the last quarter. Vanguard Group Inc. increased its position in Cohu by 3.3% during the 1st quarter. Vanguard Group Inc. now owns 4,303,097 shares of the semiconductor company’s stock worth $143,422,000 after purchasing an additional 137,475 shares in the last quarter. Envestnet Asset Management Inc. increased its position in Cohu by 529.3% during the 2nd quarter. Envestnet Asset Management Inc. now owns 70,880 shares of the semiconductor company’s stock worth $2,346,000 after purchasing an additional 59,617 shares in the last quarter. Finally, Hantz Financial Services Inc. acquired a new stake in Cohu in the 2nd quarter worth about $1,786,000. Hedge funds and other institutional investors own 94.67% of the company’s stock.

Cohu Stock Down 0.6 %

COHU stock opened at $25.18 on Tuesday. The company’s 50 day moving average price is $25.20 and its 200 day moving average price is $29.05. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.09 and a current ratio of 6.95. The firm has a market capitalization of $1.19 billion, a price-to-earnings ratio of -503.60 and a beta of 1.53. Cohu has a fifty-two week low of $22.80 and a fifty-two week high of $36.60.

Cohu (NASDAQ:COHU) last announced its quarterly earnings results on Wednesday, July 31st. The semiconductor company reported ($0.12) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.09) by ($0.03). The business had revenue of $104.70 million during the quarter, compared to analyst estimates of $105.00 million. Cohu had a negative net margin of 5.70% and a positive return on equity of 1.27%. On average, equities research analysts anticipate that Cohu will post -0.41 EPS for the current fiscal 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.