Cohu, Inc. (NASDAQ:COHU) Given Average Rating of “Moderate Buy” by Brokerages

Cohu, Inc. (NASDAQ:COHU) has been given an average rating of “Moderate Buy” by the five research firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation and four have assigned a buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $31.75.

COHU has been the topic of several research reports. B. Riley Financial upped their target price on Cohu from $30.00 to $35.00 and gave the company a “buy” rating in a research report on Monday, January 26th. TD Cowen reaffirmed a “buy” rating on shares of Cohu in a report on Thursday, October 30th. Stifel Nicolaus increased their price objective on Cohu from $30.00 to $32.00 and gave the stock a “buy” rating in a research report on Wednesday, January 14th. Weiss Ratings reissued a “sell (d-)” rating on shares of Cohu in a research report on Wednesday, January 21st. Finally, Needham & Company LLC raised shares of Cohu from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research report on Tuesday, January 6th.

Institutional Investors Weigh In On Cohu

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Royce & Associates LP raised its position in shares of Cohu by 0.4% in the 4th quarter. Royce & Associates LP now owns 1,918,424 shares of the semiconductor company’s stock valued at $44,642,000 after buying an additional 7,927 shares in the last quarter. Hantz Financial Services Inc. increased its stake in Cohu by 94.6% in the fourth quarter. Hantz Financial Services Inc. now owns 3,053 shares of the semiconductor company’s stock valued at $71,000 after acquiring an additional 1,484 shares during the last quarter. Mizuho Markets Americas LLC raised its position in Cohu by 349.3% during the fourth quarter. Mizuho Markets Americas LLC now owns 302,838 shares of the semiconductor company’s stock valued at $7,047,000 after purchasing an additional 235,438 shares in the last quarter. Nano Cap New Millennium Growth Fund L P bought a new stake in Cohu during the fourth quarter worth $500,000. Finally, Global Retirement Partners LLC boosted its holdings in shares of Cohu by 1,254.4% in the 4th quarter. Global Retirement Partners LLC now owns 2,465 shares of the semiconductor company’s stock valued at $57,000 after purchasing an additional 2,283 shares in the last quarter. 94.67% of the stock is currently owned by institutional investors and hedge funds.

Cohu Stock Up 2.7%

Shares of COHU opened at $31.67 on Thursday. The firm has a market cap of $1.48 billion, a P/E ratio of -20.17 and a beta of 1.29. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.24 and a current ratio of 4.39. Cohu has a 52 week low of $12.57 and a 52 week high of $32.09. The firm’s 50-day simple moving average is $26.36 and its 200 day simple moving average is $23.06.

Cohu Company Profile

Cohu, Inc is a global provider of semiconductor test and inspection solutions, offering a broad portfolio of products designed to support chip manufacturers, outsourced semiconductor assembly and test (OSAT) providers, and electronics original equipment manufacturers (OEMs). The company’s product lineup includes automatic test handlers, wafer probers, test sockets, thermal subassembly systems and burn-in boards, all engineered to optimize throughput, accuracy and reliability in semiconductor production and final test.

Founded in 1947 and headquartered in Poway, California, Cohu has grown through both organic development and targeted acquisitions to become a recognized leader in test handling and interconnect technologies.