Several other equities research analysts have also commented on COHU. ValuEngine lowered shares of Cohu from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, November 6th. Zacks Investment Research raised shares of Cohu from a “sell” rating to a “hold” rating and set a $22.00 price target for the company in a research report on Tuesday, November 5th. Craig Hallum assumed coverage on shares of Cohu in a report on Thursday, September 5th. They issued a “buy” rating and a $20.00 target price for the company. Finally, DA Davidson increased their target price on shares of Cohu from $19.00 to $25.00 and gave the stock a “buy” rating in a report on Tuesday, November 5th. One analyst has rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $22.60.
NASDAQ COHU opened at $18.79 on Tuesday. Cohu has a 52 week low of $11.37 and a 52 week high of $20.45. The firm has a market capitalization of $829.46 million, a P/E ratio of 15.15 and a beta of 1.41. The company has a quick ratio of 2.14, a current ratio of 3.10 and a debt-to-equity ratio of 0.76. The company has a 50-day moving average price of $16.30 and a 200-day moving average price of $15.06.
Cohu (NASDAQ:COHU) last released its quarterly earnings results on Sunday, November 3rd. The semiconductor company reported $0.12 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.06) by $0.18. Cohu had a negative net margin of 17.84% and a positive return on equity of 0.35%. The firm had revenue of $143.50 million during the quarter, compared to analyst estimates of $142.99 million. During the same quarter in the prior year, the firm earned $0.30 EPS. The business’s revenue for the quarter was up 66.5% compared to the same quarter last year. As a group, equities research analysts anticipate that Cohu will post -0.13 EPS for the current year.
In related news, Director Steven J. Bilodeau sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 13th. The shares were sold at an average price of $20.00, for a total value of $100,000.00. Following the completion of the sale, the director now directly owns 97,600 shares of the company’s stock, valued at approximately $1,952,000. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Pascal Ronde sold 10,000 shares of the stock in a transaction that occurred on Thursday, November 7th. The stock was sold at an average price of $19.45, for a total transaction of $194,500.00. Following the completion of the sale, the vice president now directly owns 152,705 shares of the company’s stock, valued at $2,970,112.25. The disclosure for this sale can be found here. Corporate insiders own 3.52% of the company’s stock.
Hedge funds have recently bought and sold shares of the business. Marshall Wace North America L.P. bought a new position in Cohu in the 2nd quarter worth approximately $234,000. Peregrine Capital Management LLC bought a new position in Cohu in the 2nd quarter worth approximately $6,620,000. Kovitz Investment Group Partners LLC boosted its stake in Cohu by 0.6% in the 2nd quarter. Kovitz Investment Group Partners LLC now owns 209,922 shares of the semiconductor company’s stock worth $3,239,000 after purchasing an additional 1,292 shares during the period. Morgan Stanley boosted its stake in Cohu by 922.5% in the 2nd quarter. Morgan Stanley now owns 180,046 shares of the semiconductor company’s stock worth $2,778,000 after purchasing an additional 162,438 shares during the period. Finally, Pacific Ridge Capital Partners LLC boosted its stake in Cohu by 9.1% in the 2nd quarter. Pacific Ridge Capital Partners LLC now owns 473,207 shares of the semiconductor company’s stock worth $7,302,000 after purchasing an additional 39,492 shares during the period. Institutional investors and hedge funds own 91.35% of the company’s stock.
Cohu, Inc, through its subsidiaries, provides semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors, thermal sub-systems, semiconductor automated test equipment (ATE), and bare board printed circuit board (PCB) test systems for semiconductor and electronics manufacturers, and test subcontractors worldwide.
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