B. Riley Reaffirms Buy Rating for Cohu, Inc. (COHU)
Cohu, Inc. (NASDAQ:COHU)‘s stock had its “buy” rating reissued by investment analysts at B. Riley in a research report issued to clients and investors on Thursday. They presently have a $25.00 target price on the semiconductor company’s stock. B. Riley’s target price would suggest a potential upside of 27.68% from the stock’s previous close.
Several other equities analysts have also recently issued reports on the company. Zacks Investment Research raised Cohu from a “hold” rating to a “strong-buy” rating and set a $22.00 price objective for the company in a report on Thursday, May 4th. ValuEngine raised Cohu from a “hold” rating to a “buy” rating in a report on Friday, June 23rd. BidaskClub raised Cohu from a “sell” rating to a “hold” rating in a report on Wednesday, July 12th. Finally, Stifel Nicolaus reaffirmed a “hold” rating and set a $19.00 price objective (up from $17.00) on shares of Cohu in a report on Monday. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $21.33.
Shares of Cohu (NASDAQ COHU) traded down 0.46% on Thursday, hitting $19.58. The stock had a trading volume of 258,756 shares. The firm’s 50-day moving average is $17.54 and its 200-day moving average is $16.80. Cohu has a one year low of $10.01 and a one year high of $21.64. The company has a market cap of $535.12 million, a price-to-earnings ratio of 47.87 and a beta of 0.85.
Cohu (NASDAQ:COHU) last posted its quarterly earnings results on Thursday, April 27th. The semiconductor company reported $0.31 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.19 by $0.12. Cohu had a return on equity of 8.63% and a net margin of 3.94%. The firm had revenue of $81.10 million for the quarter, compared to the consensus estimate of $78.30 million. During the same period in the previous year, the business earned $0.06 earnings per share. The company’s revenue for the quarter was up 23.3% compared to the same quarter last year. On average, analysts expect that Cohu will post $1.45 EPS for the current fiscal year.
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In other news, CEO Luis A. Muller sold 120,721 shares of the business’s stock in a transaction on Friday, May 5th. The stock was sold at an average price of $19.34, for a total value of $2,334,744.14. Following the completion of the transaction, the chief executive officer now directly owns 364,686 shares of the company’s stock, valued at $7,053,027.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, VP Fellenberg Ian Von sold 2,639 shares of the business’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $18.21, for a total value of $48,056.19. The disclosure for this sale can be found here. Over the last three months, insiders sold 240,110 shares of company stock valued at $4,637,918. Insiders own 5.97% of the company’s stock.
Several institutional investors have recently added to or reduced their stakes in COHU. Aperio Group LLC bought a new position in Cohu during the second quarter worth $179,000. Louisiana State Employees Retirement System boosted its position in Cohu by 2.0% in the second quarter. Louisiana State Employees Retirement System now owns 10,400 shares of the semiconductor company’s stock worth $164,000 after buying an additional 200 shares during the period. Bank of Montreal Can bought a new position in Cohu during the second quarter worth $130,000. Goldman Sachs Group Inc. boosted its position in Cohu by 27.7% in the first quarter. Goldman Sachs Group Inc. now owns 118,177 shares of the semiconductor company’s stock worth $2,181,000 after buying an additional 25,652 shares during the period. Finally, Credit Suisse AG boosted its position in Cohu by 85.6% in the first quarter. Credit Suisse AG now owns 54,504 shares of the semiconductor company’s stock worth $1,005,000 after buying an additional 25,139 shares during the period. 83.34% of the stock is owned by institutional investors.
Cohu Company Profile
Cohu, Inc is a supplier of semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors and thermal sub-systems used by global semiconductor manufacturers and test subcontractors. It develops, manufactures, sells and services a line of equipment capable of handling a range of integrated circuits and light-emitting diodes.
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