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

Cohu, Inc. (NASDAQ:COHU) has been given an average rating of “Moderate Buy” by the five brokerages that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell recommendation and four have issued a buy recommendation on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $31.75.

Several analysts have issued reports on the stock. TD Cowen reissued a “buy” rating on shares of Cohu in a research note on Thursday, October 30th. Needham & Company LLC raised 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. Weiss Ratings reissued a “sell (d-)” rating on shares of Cohu in a research note on Wednesday, January 21st. B. Riley lifted their target price on Cohu from $30.00 to $35.00 and gave the company a “buy” rating in a research note on Monday, January 26th. Finally, Stifel Nicolaus upped their price objective on shares of Cohu from $30.00 to $32.00 and gave the company a “buy” rating in a research note on Wednesday, January 14th.

Cohu Stock Down 3.6%

Shares of NASDAQ:COHU opened at $28.69 on Thursday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 3.24 and a current ratio of 4.39. The company has a market cap of $1.34 billion, a PE ratio of -18.27 and a beta of 1.29. Cohu has a 52 week low of $12.57 and a 52 week high of $30.94. The firm has a 50 day simple moving average of $25.97 and a 200 day simple moving average of $22.81.

Institutional Trading of Cohu

Several hedge funds and other institutional investors have recently modified their holdings of the company. Tudor Investment Corp ET AL purchased a new position in Cohu in the third quarter valued at about $243,960,000. Invesco Ltd. raised its stake in shares of Cohu by 478.4% during the 2nd quarter. Invesco Ltd. now owns 1,175,282 shares of the semiconductor company’s stock worth $22,612,000 after purchasing an additional 972,088 shares in the last quarter. Tributary Capital Management LLC lifted its holdings in shares of Cohu by 131.5% during the 3rd quarter. Tributary Capital Management LLC now owns 1,520,386 shares of the semiconductor company’s stock valued at $30,909,000 after buying an additional 863,654 shares during the last quarter. Frontier Capital Management Co. LLC lifted its holdings in shares of Cohu by 20.0% during the 2nd quarter. Frontier Capital Management Co. LLC now owns 1,355,973 shares of the semiconductor company’s stock valued at $26,089,000 after buying an additional 226,453 shares during the last quarter. Finally, First Eagle Investment Management LLC bought a new stake in shares of Cohu in the 2nd quarter valued at approximately $3,950,000. 94.67% of the stock is currently owned by hedge funds and other institutional investors.

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.