Analysts Set Cohu, Inc. (NASDAQ:COHU) Target Price at $49.00

Shares of Cohu, Inc. (NASDAQ:COHU) have been given an average recommendation of “Moderate Buy” by the eight research firms that are currently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell recommendation, one has issued a hold recommendation and six have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $49.00.

COHU has been the topic of several research reports. Zacks Research upgraded shares of Cohu from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th. B. Riley Financial restated a “buy” rating on shares of Cohu in a research report on Monday, April 20th. Jefferies Financial Group set a $60.00 price target on shares of Cohu and gave the stock a “buy” rating in a research report on Friday, May 1st. Needham & Company LLC boosted their price target on shares of Cohu from $33.00 to $54.00 and gave the stock a “buy” rating in a research report on Friday, May 1st. Finally, Weiss Ratings restated a “sell (d-)” rating on shares of Cohu in a research report on Monday, April 20th.

Insider Buying and Selling

In related news, CFO Jeffrey D. Jones sold 13,000 shares of the business’s stock in a transaction on Friday, May 22nd. The shares were sold at an average price of $46.84, for a total value of $608,920.00. Following the sale, the chief financial officer owned 343,792 shares in the company, valued at approximately $16,103,217.28. The trade was a 3.64% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director James A. Donahue sold 10,257 shares of the business’s stock in a transaction on Friday, May 22nd. The stock was sold at an average price of $46.77, for a total transaction of $479,719.89. Following the completion of the sale, the director owned 3,578 shares in the company, valued at $167,343.06. This represents a 74.14% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 89,668 shares of company stock valued at $4,184,136 in the last three months. Corporate insiders own 3.05% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of COHU. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Cohu by 3.4% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,214 shares of the semiconductor company’s stock valued at $400,000 after acquiring an additional 905 shares during the last quarter. Caxton Associates LLP bought a new position in Cohu during the first quarter valued at $276,000. Jane Street Group LLC increased its position in Cohu by 2,042.7% during the first quarter. Jane Street Group LLC now owns 162,674 shares of the semiconductor company’s stock valued at $2,393,000 after acquiring an additional 155,082 shares during the last quarter. American Century Companies Inc. increased its position in Cohu by 4.9% during the second quarter. American Century Companies Inc. now owns 114,361 shares of the semiconductor company’s stock valued at $2,200,000 after acquiring an additional 5,297 shares during the last quarter. Finally, Invesco Ltd. increased its position in Cohu by 478.4% during the second quarter. Invesco Ltd. now owns 1,175,282 shares of the semiconductor company’s stock valued at $22,612,000 after acquiring an additional 972,088 shares during the last quarter. Institutional investors own 94.67% of the company’s stock.

Cohu Price Performance

COHU stock opened at $61.33 on Wednesday. Cohu has a one year low of $17.71 and a one year high of $61.80. The company’s fifty day moving average price is $46.41 and its 200-day moving average price is $34.33. The company has a debt-to-equity ratio of 0.37, a quick ratio of 5.31 and a current ratio of 6.43. The company has a market capitalization of $2.89 billion, a PE ratio of -51.54 and a beta of 1.62.

Cohu (NASDAQ:COHU) last released its earnings results on Thursday, April 30th. The semiconductor company reported $0.01 EPS for the quarter, missing the consensus estimate of $0.03 by ($0.02). Cohu had a negative return on equity of 3.50% and a negative net margin of 11.54%.The company had revenue of $125.12 million during the quarter, compared to analysts’ expectations of $122.14 million. During the same period last year, the firm posted ($0.02) EPS. Cohu’s quarterly revenue was up 29.3% compared to the same quarter last year. On average, equities analysts anticipate that Cohu will post 0.17 EPS for the current fiscal year.

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.