Cohu (NASDAQ:COHU) Reaches New 1-Year High – Time to Buy?

Cohu, Inc. (NASDAQ:COHU)’s stock price hit a new 52-week high during trading on Monday . The company traded as high as $27.59 and last traded at $27.2750, with a volume of 258498 shares. The stock had previously closed at $26.86.

Analysts Set New Price Targets

COHU has been the topic of several recent research reports. Needham & Company LLC raised Cohu from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Tuesday, January 6th. B. Riley restated a “buy” rating on shares of Cohu in a research note on Thursday, October 30th. TD Cowen raised their price objective on Cohu from $22.00 to $30.00 and gave the company a “buy” rating in a research report on Thursday, October 30th. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cohu in a report on Wednesday, October 8th. Finally, Cowen reissued a “buy” rating on shares of Cohu in a research report on Thursday, October 30th. Five equities research analysts have rated the stock with a Buy rating and one has issued a Sell rating to the company. Based on data from MarketBeat.com, Cohu currently has an average rating of “Moderate Buy” and a consensus price target of $29.50.

Cohu Trading Up 2.8%

The company has a 50 day moving average of $23.86 and a two-hundred day moving average of $21.72. The stock has a market capitalization of $1.29 billion, a PE ratio of -17.59 and a beta of 1.27. 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 (NASDAQ:COHU) last issued its quarterly earnings results on Wednesday, October 29th. The semiconductor company reported ($0.06) earnings per share for the quarter, topping the consensus estimate of ($0.19) by $0.13. Cohu had a negative return on equity of 3.73% and a negative net margin of 17.22%.The business had revenue of $126.25 million during the quarter, compared to the consensus estimate of $124.98 million. During the same quarter last year, the company earned ($0.08) earnings per share. The company’s quarterly revenue was up 32.5% on a year-over-year basis. Sell-side analysts predict that Cohu, Inc. will post -0.36 EPS for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the stock. Bessemer Group Inc. raised its holdings in shares of Cohu by 45.4% in the third quarter. Bessemer Group Inc. now owns 1,564 shares of the semiconductor company’s stock worth $31,000 after buying an additional 488 shares during the last quarter. Hantz Financial Services Inc. raised its stake in Cohu by 83.7% in the 3rd quarter. Hantz Financial Services Inc. now owns 1,569 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 715 shares during the last quarter. Parallel Advisors LLC lifted its position in Cohu by 869.6% during the 2nd quarter. Parallel Advisors LLC now owns 1,755 shares of the semiconductor company’s stock worth $34,000 after acquiring an additional 1,574 shares during the period. Smartleaf Asset Management LLC lifted its position in Cohu by 202.7% during the 2nd quarter. Smartleaf Asset Management LLC now owns 2,113 shares of the semiconductor company’s stock worth $41,000 after acquiring an additional 1,415 shares during the period. Finally, Quadrant Capital Group LLC purchased a new stake in Cohu during the 3rd quarter valued at about $81,000. Institutional investors and hedge funds own 94.67% of the company’s stock.

About Cohu

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.