Cohu, Inc. (NASDAQ:COHU) Rating Increased to Buy at BidaskClub
Cohu, Inc. (NASDAQ:COHU) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a research note issued to investors on Wednesday.
Several other analysts have also weighed in on the company. Zacks Investment Research lowered Cohu from a “strong-buy” rating to a “hold” rating in a report on Wednesday, April 19th. ValuEngine raised Cohu from a “hold” rating to a “buy” rating in a report on Friday, June 23rd. Stifel Nicolaus reaffirmed a “hold” rating and set a $19.00 target price (up from $17.00) on shares of Cohu in a report on Monday, July 17th. Finally, B. Riley reaffirmed a “buy” rating and set a $25.00 target price on shares of Cohu in a report on Saturday, July 15th. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $21.33.
Shares of Cohu (COHU) traded down 1.53% during mid-day trading on Wednesday, hitting $19.28. The company had a trading volume of 285,033 shares. The stock has a market cap of $526.92 million, a price-to-earnings ratio of 47.14 and a beta of 0.85. Cohu has a 52-week low of $10.01 and a 52-week high of $21.64. The stock’s 50-day moving average is $17.57 and its 200-day moving average is $16.82.
Cohu (NASDAQ:COHU) last announced its quarterly earnings data on Thursday, April 27th. The semiconductor company reported $0.31 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.19 by $0.12. The firm had revenue of $81.10 million during the quarter, compared to analyst estimates of $78.30 million. Cohu had a return on equity of 8.63% and a net margin of 3.94%. Cohu’s quarterly revenue was up 23.3% on a year-over-year basis. During the same period in the previous year, the company earned $0.06 earnings per share. Equities analysts forecast that Cohu will post $1.45 earnings per share for the current year.
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In other news, CEO Luis A. Muller sold 120,721 shares of the company’s stock in a transaction that occurred on Friday, May 5th. The stock was sold at an average price of $19.34, for a total transaction 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 filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Luis A. Muller sold 50,000 shares of the company’s stock in a transaction that occurred on Tuesday, May 2nd. The shares were sold at an average price of $20.18, for a total value of $1,009,000.00. Following the transaction, the chief executive officer now directly owns 370,936 shares of the company’s stock, valued at $7,485,488.48. The disclosure for this sale can be found here. Insiders have sold 240,110 shares of company stock valued at $4,637,918 over the last ninety days. Corporate insiders own 5.97% of the company’s stock.
Institutional investors have recently bought and sold shares of the stock. Algert Global LLC bought a new position in Cohu during the first quarter valued at approximately $1,703,000. Chicago Equity Partners LLC bought a new position in Cohu during the first quarter valued at approximately $274,000. Value Holdings Management CO. LLC raised its position in Cohu by 139.8% in the first quarter. Value Holdings Management CO. LLC now owns 120,618 shares of the semiconductor company’s stock valued at $3,856,000 after buying an additional 70,320 shares during the period. Great West Life Assurance Co. Can raised its position in Cohu by 8.0% in the first quarter. Great West Life Assurance Co. Can now owns 37,796 shares of the semiconductor company’s stock valued at $697,000 after buying an additional 2,812 shares during the period. Finally, Wells Fargo & Company MN raised its position in Cohu by 102.4% in the first quarter. Wells Fargo & Company MN now owns 64,062 shares of the semiconductor company’s stock valued at $1,182,000 after buying an additional 32,408 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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