Cohu (NASDAQ:COHU) Stock Rating Lowered by Zacks Research

Cohu (NASDAQ:COHU) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a research note issued to investors on Thursday,Zacks.com reports.

COHU has been the topic of several other research reports. Weiss Ratings reiterated a “sell (d-)” rating on shares of Cohu in a report on Wednesday, January 21st. B. Riley Financial dropped their price objective on shares of Cohu from $35.00 to $33.00 and set a “buy” rating on the stock in a report on Friday, February 13th. TD Cowen increased their price objective on shares of Cohu from $30.00 to $35.00 and gave the stock a “buy” rating in a research note on Friday, February 13th. Stifel Nicolaus boosted their target price on shares of Cohu from $30.00 to $32.00 and gave the company a “buy” rating in a research report on Wednesday, January 14th. Finally, Needham & Company LLC upped their price target on shares of Cohu from $30.00 to $33.00 and gave the company a “buy” rating in a report on Friday, February 13th. Four research analysts have rated the stock with a Buy rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $33.25.

Cohu Price Performance

NASDAQ COHU opened at $31.56 on Thursday. The company has a market cap of $1.48 billion, a price-to-earnings ratio of -19.85 and a beta of 1.29. The company has a debt-to-equity ratio of 0.36, a current ratio of 6.88 and a quick ratio of 5.69. The stock’s fifty day moving average price is $27.53 and its 200 day moving average price is $23.78. Cohu has a 1 year low of $12.57 and a 1 year high of $34.96.

Cohu (NASDAQ:COHU) last posted its quarterly earnings results on Thursday, February 12th. The semiconductor company reported ($0.15) earnings per share for the quarter, missing the consensus estimate of $0.07 by ($0.22). The firm had revenue of $122.23 million for the quarter, compared to analysts’ expectations of $122.09 million. Cohu had a negative net margin of 16.40% and a negative return on equity of 3.76%. The firm’s revenue for the quarter was up 29.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted ($0.15) EPS. As a group, equities research analysts forecast that Cohu will post -0.36 earnings per share for the current year.

Institutional Investors Weigh In On Cohu

Several hedge funds have recently modified their holdings of COHU. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Cohu by 3.4% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 27,214 shares of the semiconductor company’s stock valued at $400,000 after purchasing an additional 905 shares in the last quarter. Caxton Associates LLP acquired a new stake in Cohu in the first quarter valued at approximately $276,000. Jane Street Group LLC increased its position in shares of Cohu by 2,042.7% in the first quarter. Jane Street Group LLC now owns 162,674 shares of the semiconductor company’s stock valued at $2,393,000 after buying an additional 155,082 shares in the last quarter. Vanguard Personalized Indexing Management LLC purchased a new stake in shares of Cohu in the second quarter valued at approximately $307,000. Finally, CWM LLC raised its stake in shares of Cohu by 793.8% during the 2nd quarter. CWM LLC now owns 12,674 shares of the semiconductor company’s stock worth $244,000 after buying an additional 11,256 shares during the period. 94.67% of the stock is 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.