Cohu, Inc. (NASDAQ:COHU) had its price objective lifted by analysts at B. Riley from $28.00 to $31.00 in a research report issued to clients and investors on Friday. The firm presently has a “buy” rating on the semiconductor company’s stock. B. Riley’s price objective indicates a potential upside of 19.32% from the stock’s previous close.

COHU has been the topic of several other reports. Zacks Investment Research raised shares of Cohu from a “hold” rating to a “strong-buy” rating and set a $20.00 price objective on the stock in a research note on Monday, August 21st. ValuEngine cut shares of Cohu from a “strong-buy” rating to a “buy” rating in a research note on Monday, October 2nd. Needham & Company LLC reaffirmed a “buy” rating and set a $24.00 price objective on shares of Cohu in a research note on Friday, October 27th. BidaskClub raised shares of Cohu from a “sell” rating to a “hold” rating in a research note on Wednesday, July 12th. Finally, Dougherty & Co upped their price objective on shares of Cohu from $23.50 to $24.00 and gave the stock a “buy” rating in a research note on Friday, July 28th. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. Cohu currently has an average rating of “Buy” and an average target price of $23.60.

Cohu (NASDAQ:COHU) last issued its quarterly earnings data on Thursday, November 2nd. The semiconductor company reported $0.43 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.04. The firm had revenue of $93.70 million for the quarter, compared to analysts’ expectations of $91.43 million. Cohu had a net margin of 6.21% and a return on equity of 11.59%. The company’s quarterly revenue was up 35.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.14 earnings per share.

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In other news, VP Hock Woo Chiang sold 10,844 shares of the stock in a transaction that occurred on Thursday, August 31st. The shares were sold at an average price of $18.77, for a total transaction of $203,541.88. Following the sale, the vice president now directly owns 90,332 shares of the company’s stock, valued at $1,695,531.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James A. Donahue sold 75,000 shares of the stock in a transaction that occurred on Tuesday, September 5th. The shares were sold at an average price of $18.72, for a total transaction of $1,404,000.00. Following the sale, the director now directly owns 444,049 shares in the company, valued at $8,312,597.28. The disclosure for this sale can be found here. Insiders have sold 197,594 shares of company stock worth $4,306,222 over the last three months. 6.46% of the stock is owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BNP Paribas Arbitrage SA grew its stake in shares of Cohu by 67.7% during the second quarter. BNP Paribas Arbitrage SA now owns 8,085 shares of the semiconductor company’s stock valued at $127,000 after purchasing an additional 3,264 shares during the last quarter. Bank of Montreal Can bought a new stake in shares of Cohu during the second quarter valued at approximately $130,000. Palouse Capital Management Inc. bought a new stake in shares of Cohu during the third quarter valued at approximately $202,000. Crossmark Global Holdings Inc. bought a new stake in shares of Cohu during the third quarter valued at approximately $209,000. Finally, Louisiana State Employees Retirement System grew its stake in shares of Cohu by 2.0% during the second quarter. Louisiana State Employees Retirement System now owns 10,400 shares of the semiconductor company’s stock valued at $164,000 after purchasing an additional 200 shares during the last quarter. 83.41% of the stock is currently owned by institutional investors and hedge funds.

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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