Cohu (NASDAQ:COHU) Rating Increased to Buy at Craig Hallum

Craig Hallum upgraded shares of Cohu (NASDAQ:COHU) from a hold rating to a buy rating in a research report report published on Friday, MarketBeat Ratings reports. The brokerage currently has $30.00 target price on the semiconductor company’s stock.

A number of other research firms also recently commented on COHU. StockNews.com downgraded Cohu from a “hold” rating to a “sell” rating in a report on Friday, August 2nd. Needham & Company LLC cut their price objective on shares of Cohu from $37.00 to $33.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Finally, Citigroup cut shares of Cohu from a “buy” rating to a “neutral” rating and set a $36.00 target price for the company. in a report on Monday, July 15th. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $31.50.

Cohu Stock Up 9.8 %

Shares of NASDAQ:COHU traded up $2.43 during trading on Friday, hitting $27.35. The company’s stock had a trading volume of 745,000 shares, compared to its average volume of 311,069. Cohu has a fifty-two week low of $22.80 and a fifty-two week high of $36.60. The business has a 50 day moving average price of $25.18 and a two-hundred day moving average price of $28.66. 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 company has a market capitalization of $1.28 billion, a PE ratio of -44.84 and a beta of 1.53.

Cohu (NASDAQ:COHU) last issued its quarterly earnings results on Thursday, October 31st. The semiconductor company reported ($0.17) earnings per share for the quarter, missing the consensus estimate of ($0.15) by ($0.02). The company had revenue of $95.30 million for the quarter, compared to analysts’ expectations of $95.75 million. Cohu had a positive return on equity of 1.27% and a negative net margin of 5.70%. Cohu’s revenue for the quarter was down 36.8% compared to the same quarter last year. During the same quarter last year, the company earned $0.27 EPS. As a group, research analysts expect that Cohu will post -0.41 EPS for the current fiscal year.

Insider Transactions at Cohu

In related news, Director Nina Richardson sold 4,999 shares of the company’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $24.14, for a total value of $120,675.86. Following the completion of the sale, the director now owns 28,313 shares in the company, valued at $683,475.82. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Over the last ninety days, insiders have sold 5,399 shares of company stock worth $130,204. Insiders own 2.70% of the company’s stock.

Institutional Trading of Cohu

Several institutional investors and hedge funds have recently added to or reduced their stakes in COHU. Mackenzie Financial Corp lifted its holdings 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 worth $263,000 after purchasing an additional 419 shares during the period. Wedge Capital Management L L P NC boosted its holdings in shares of Cohu by 1.0% in the second quarter. Wedge Capital Management L L P NC now owns 47,223 shares of the semiconductor company’s stock valued at $1,563,000 after acquiring an additional 466 shares in the last quarter. Oak Associates Ltd. OH increased its stake in shares of Cohu by 0.6% during the second quarter. Oak Associates Ltd. OH now owns 83,704 shares of the semiconductor company’s stock worth $2,771,000 after acquiring an additional 521 shares during the period. Texas Permanent School Fund Corp raised its holdings in Cohu by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 41,576 shares of the semiconductor company’s stock worth $1,386,000 after purchasing an additional 539 shares in the last quarter. Finally, Linden Thomas Advisory Services LLC lifted its position in Cohu by 1.7% in the second quarter. Linden Thomas Advisory Services LLC now owns 34,091 shares of the semiconductor company’s stock valued at $1,128,000 after purchasing an additional 555 shares during the period. 94.67% of the stock is owned by hedge funds and other institutional investors.

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.