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

Cohu, Inc. (NASDAQ:COHU) has received an average rating of “Moderate Buy” from the eight brokerages that are currently covering the company, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, one has assigned a hold recommendation and six have given a buy recommendation to the company. The average 12-month price target among analysts that have updated their coverage on the stock in the last year is $52.3333.

A number of research firms recently commented on COHU. Evercore reiterated an “outperform” rating and issued a $53.00 price objective on shares of Cohu in a report on Tuesday, April 28th. TD Cowen lifted their target price on Cohu from $60.00 to $80.00 and gave the company a “buy” rating in a research report on Tuesday, June 16th. Jefferies Financial Group set a $60.00 price target on Cohu and gave the company a “buy” rating in a research note on Friday, May 1st. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cohu in a report on Monday, April 20th. Finally, Zacks Research raised Cohu from a “strong sell” rating to a “hold” rating in a research report on Monday, April 20th.

Cohu Stock Performance

COHU stock remained flat at $59.27 during trading on Friday. 2,228,245 shares of the company’s stock were exchanged, compared to its average volume of 1,469,248. The company has a quick ratio of 5.31, a current ratio of 6.43 and a debt-to-equity ratio of 0.37. The stock has a market cap of $2.80 billion, a price-to-earnings ratio of -49.81 and a beta of 1.55. The stock has a 50-day simple moving average of $54.88 and a 200 day simple moving average of $38.60. Cohu has a one year low of $17.80 and a one year high of $74.60.

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

Insider Buying and Selling

In other news, Director Steven J. Bilodeau sold 10,257 shares of the business’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of $44.85, for a total value of $460,026.45. Following the sale, the director directly owned 52,272 shares of the company’s stock, valued at approximately $2,344,399.20. The trade was a 16.40% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James A. Donahue sold 10,257 shares of the company’s stock in a transaction that occurred 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 transaction, the director owned 3,578 shares in the company, valued at approximately $167,343.06. This represents a 74.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 90,668 shares of company stock valued at $4,248,016 over the last three months. Company insiders own 3.05% of the company’s stock.

Institutional Trading of Cohu

Several institutional investors have recently added to or reduced their stakes in COHU. Vanguard Personalized Indexing Management LLC grew its position in shares of Cohu by 2.1% in the fourth quarter. Vanguard Personalized Indexing Management LLC now owns 16,231 shares of the semiconductor company’s stock valued at $378,000 after purchasing an additional 332 shares during the last quarter. Sheets Smith Wealth Management lifted its position in shares of Cohu by 3.0% in the first quarter. Sheets Smith Wealth Management now owns 14,644 shares of the semiconductor company’s stock valued at $448,000 after acquiring an additional 420 shares in the last quarter. US Bancorp DE increased its position in Cohu by 4.6% during the 3rd quarter. US Bancorp DE now owns 9,847 shares of the semiconductor company’s stock worth $200,000 after purchasing an additional 432 shares in the last quarter. Farther Finance Advisors LLC raised its stake in Cohu by 45.0% in the 4th quarter. Farther Finance Advisors LLC now owns 1,456 shares of the semiconductor company’s stock valued at $34,000 after purchasing an additional 452 shares during the last quarter. Finally, CANADA LIFE ASSURANCE Co boosted its stake in shares of Cohu by 0.9% during the 2nd quarter. CANADA LIFE ASSURANCE Co now owns 65,233 shares of the semiconductor company’s stock worth $1,255,000 after purchasing an additional 576 shares during the last quarter. 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.