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

Cohu, Inc. (NASDAQ:COHU) has been assigned a consensus rating of “Moderate Buy” from the nine ratings firms that are presently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and seven have issued a buy rating on the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $54.1429.

COHU has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “sell (d-)” rating on shares of Cohu in a report on Monday, April 20th. Zacks Research raised shares of Cohu from a “strong sell” rating to a “hold” rating in a research note on Monday, April 20th. Evercore restated an “outperform” rating and set a $53.00 price target on shares of Cohu in a research report on Tuesday, April 28th. TD Cowen upped their price target on shares of Cohu from $60.00 to $80.00 and gave the stock a “buy” rating in a research note on Tuesday, June 16th. Finally, Stifel Nicolaus increased their price objective on shares of Cohu from $32.00 to $34.00 and gave the company a “buy” rating in a report on Wednesday, March 18th.

Cohu Stock Up 5.8%

Shares of Cohu stock opened at $55.14 on Friday. The business’s fifty day moving average price is $55.56 and its two-hundred day moving average price is $39.58. The company has a debt-to-equity ratio of 0.37, a current ratio of 6.43 and a quick ratio of 5.31. The company has a market capitalization of $2.60 billion, a P/E ratio of -46.34 and a beta of 1.55. Cohu has a 1-year low of $17.80 and a 1-year high of $74.60.

Cohu (NASDAQ:COHU) last announced its quarterly earnings results on Thursday, April 30th. The semiconductor company reported $0.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.03 by ($0.02). The business had revenue of $125.12 million for the quarter, compared to analyst estimates of $122.14 million. Cohu had a negative return on equity of 3.50% and a negative net margin of 11.54%.The company’s revenue was up 29.3% compared to the same quarter last year. During the same quarter last year, the firm posted ($0.02) EPS. As a group, research analysts forecast that Cohu will post 0.17 EPS for the current year.

Insider Activity

In other news, CFO Jeffrey D. Jones sold 13,000 shares of Cohu stock in a transaction that occurred 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 transaction, the chief financial officer owned 343,792 shares of the company’s stock, valued at $16,103,217.28. The trade was a 3.64% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this link. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, SVP Christopher Bohrson sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, June 15th. The stock was sold at an average price of $63.88, for a total transaction of $63,880.00. Following the completion of the sale, the senior vice president owned 171,702 shares in the company, valued at $10,968,323.76. The trade was a 0.58% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Insiders have sold 90,668 shares of company stock valued at $4,248,016 over the last 90 days. Corporate insiders own 3.05% of the company’s stock.

Institutional Inflows and Outflows

Several hedge funds have recently added to or reduced their stakes in COHU. Tudor Investment Corp ET AL acquired a new stake in shares of Cohu during the third quarter worth $243,960,000. Vanguard Group Inc. lifted its holdings in shares of Cohu by 1.3% during the fourth quarter. Vanguard Group Inc. now owns 4,361,164 shares of the semiconductor company’s stock valued at $101,484,000 after purchasing an additional 57,618 shares during the last quarter. Royce & Associates LP boosted 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 purchasing an additional 7,927 shares during the period. State Street Corp boosted its position in shares of Cohu by 0.3% in the 4th quarter. State Street Corp now owns 1,819,530 shares of the semiconductor company’s stock valued at $42,340,000 after purchasing an additional 5,439 shares during the period. Finally, SG Capital Management LLC purchased a new position in Cohu in the 4th quarter worth about $33,174,000. Institutional investors and hedge funds own 94.67% of the company’s stock.

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.