Brokerages Set Cohu, Inc. (NASDAQ:COHU) Target Price at $31.50

Shares of Cohu, Inc. (NASDAQ:COHU) have received a consensus rating of “Moderate Buy” from the six ratings firms that are currently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and four have issued a buy recommendation on the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $31.50.

Several research firms have recently issued reports on COHU. The Goldman Sachs Group lowered their target price on shares of Cohu from $26.00 to $23.00 and set a “sell” rating for the company 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 price objective for the company in a research note on Friday, November 1st. TD Cowen cut their target price on Cohu from $36.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, November 1st. Finally, Needham & Company LLC raised their price target on Cohu from $27.00 to $30.00 and gave the stock a “buy” rating in a research note on Friday, November 1st.

Insider Buying and Selling

In related news, Director Nina Richardson sold 4,999 shares of Cohu stock in a transaction dated 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 sale, the director now directly owns 28,313 shares in the company, valued at $683,475.82. The trade was a 15.01 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders have sold a total of 5,599 shares of company stock valued at $136,724 over the last quarter. 2.70% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the business. Mackenzie Financial Corp boosted its stake 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 holdings in shares of Cohu by 0.6% in the 2nd quarter. Oak Associates Ltd. OH now owns 83,704 shares of the semiconductor company’s stock valued at $2,771,000 after acquiring an additional 521 shares during the period. First Horizon Advisors Inc. raised its position in shares of Cohu by 49.2% in the 3rd quarter. First Horizon Advisors Inc. now owns 1,622 shares of the semiconductor company’s stock worth $42,000 after acquiring an additional 535 shares in the last quarter. Signaturefd LLC lifted its stake in shares of Cohu by 1,256.3% during the 2nd quarter. Signaturefd LLC now owns 868 shares of the semiconductor company’s stock worth $29,000 after purchasing an additional 804 shares during the last quarter. Finally, Orion Portfolio Solutions LLC boosted its position in Cohu by 3.2% during the third quarter. Orion Portfolio Solutions LLC now owns 36,725 shares of the semiconductor company’s stock valued at $944,000 after purchasing an additional 1,141 shares in the last quarter. Hedge funds and other institutional investors own 94.67% of the company’s stock.

Cohu Stock Up 1.6 %

Shares of NASDAQ COHU opened at $26.86 on Friday. The company has a current ratio of 6.38, a quick ratio of 4.69 and a debt-to-equity ratio of 0.01. Cohu has a 12-month low of $22.80 and a 12-month high of $36.60. The firm’s 50-day moving average price is $26.64 and its 200-day moving average price is $27.40. The stock has a market capitalization of $1.25 billion, a price-to-earnings ratio of -24.87 and a beta of 1.51.

Cohu (NASDAQ:COHU) last posted its quarterly earnings data on Thursday, October 31st. The semiconductor company reported ($0.17) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.15) by ($0.02). The company had revenue of $95.30 million during the quarter, compared to the consensus estimate of $95.75 million. Cohu had a negative net margin of 11.35% and a negative return on equity of 1.01%. Cohu’s revenue for the quarter was down 36.8% on a year-over-year basis. During the same period in the previous year, the business earned $0.27 earnings per share. On average, equities research analysts anticipate that Cohu will post -0.46 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.