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

Cohu, Inc. (NASDAQ:COHU) has been assigned an average rating of “Buy” from the ten ratings firms that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, seven have given a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $68.75.

A number of research firms have weighed in on COHU. Stifel Nicolaus raised their price objective on shares of Cohu from $50.00 to $70.00 and gave the company a “buy” rating in a research note on Friday, July 10th. Needham & Company LLC boosted their target price on shares of Cohu from $54.00 to $65.00 and gave the stock a “buy” rating in a research report on Friday, July 31st. Evercore restated an “outperform” rating and issued a $53.00 target price on shares of Cohu in a report on Tuesday, April 28th. Craig Hallum reaffirmed a “buy” rating and issued a $74.00 price target on shares of Cohu in a research report on Friday, July 31st. Finally, Zacks Research upgraded Cohu from a “hold” rating to a “strong-buy” rating in a research note on Thursday, July 30th.

Insider Buying and Selling

In other Cohu news, Director Nina Richardson sold 3,055 shares of Cohu stock in a transaction on Wednesday, August 5th. The shares were sold at an average price of $51.54, for a total transaction of $157,454.70. Following the transaction, the director directly owned 39,093 shares of the company’s stock, valued at $2,014,853.22. The trade was a 7.25% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Christopher Bohrson sold 10,000 shares of Cohu stock in a transaction on Wednesday, August 19th. The stock was sold at an average price of $55.82, for a total transaction of $558,200.00. Following the transaction, the senior vice president directly owned 159,702 shares in the company, valued at $8,914,565.64. This represents a 5.89% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last 90 days, insiders sold 30,307 shares of company stock worth $1,630,573. 3.05% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Cohu

A number of institutional investors have recently added to or reduced their stakes in COHU. Hollencrest Capital Management bought a new stake in Cohu in the 1st quarter worth about $31,000. Farther Finance Advisors LLC lifted its position in shares of Cohu by 45.0% during the 4th quarter. Farther Finance Advisors LLC now owns 1,456 shares of the semiconductor company’s stock worth $34,000 after buying an additional 452 shares in the last quarter. Kestra Advisory Services LLC bought a new position in shares of Cohu during the 4th quarter worth approximately $34,000. Nykredit A S purchased a new position in shares of Cohu in the 2nd quarter worth approximately $36,000. Finally, Los Angeles Capital Management LLC purchased a new stake in shares of Cohu during the fourth quarter valued at approximately $37,000. 94.67% of the stock is owned by institutional investors.

Cohu Stock Down 6.4%

Shares of NASDAQ:COHU traded down $3.49 during trading on Monday, reaching $50.88. 76,514 shares of the stock were exchanged, compared to its average volume of 1,129,630. Cohu has a 1-year low of $18.67 and a 1-year high of $74.60. The stock has a fifty day moving average of $56.82 and a two-hundred day moving average of $45.26. The company has a debt-to-equity ratio of 0.37, a current ratio of 5.74 and a quick ratio of 4.72. The firm has a market cap of $2.41 billion, a price-to-earnings ratio of -61.31 and a beta of 1.59.

Cohu (NASDAQ:COHU) last posted its quarterly earnings results on Thursday, July 30th. The semiconductor company reported $0.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.14 by $0.12. The business had revenue of $149.00 million during the quarter, compared to the consensus estimate of $144.20 million. Cohu had a negative net margin of 7.43% and a negative return on equity of 1.96%. Cohu’s revenue was up 38.3% compared to the same quarter last year. During the same quarter last year, the firm posted $0.02 EPS. Research analysts anticipate that Cohu will post 0.47 earnings per share for the current fiscal year.

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.