Cohu (COHU) Downgraded by BidaskClub

BidaskClub downgraded shares of Cohu (NASDAQ:COHU) from a hold rating to a sell rating in a research report sent to investors on Saturday morning.

A number of other research firms have also recently issued reports on COHU. B. Riley boosted their target price on Cohu from $28.00 to $31.00 and gave the company a buy rating in a research note on Friday, November 3rd. Zacks Investment Research raised Cohu from a hold rating to a strong-buy rating and set a $29.00 target price for the company in a research note on Tuesday, November 7th. Needham & Company LLC reissued a buy rating and issued a $24.00 target price on shares of Cohu in a research note on Friday, October 27th. Finally, ValuEngine raised Cohu from a hold rating to a buy rating in a research note on Friday. One analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of Hold and a consensus price target of $25.40.

Cohu (COHU) opened at $20.90 on Friday. Cohu has a 52 week low of $12.64 and a 52 week high of $26.17. The company has a quick ratio of 2.89, a current ratio of 3.62 and a debt-to-equity ratio of 0.02. The stock has a market capitalization of $613.72, a PE ratio of 20.90 and a beta of 0.90.

In other news, VP Jeffrey D. Jones sold 25,000 shares of the company’s stock in a transaction dated Wednesday, November 8th. The stock was sold at an average price of $24.75, for a total transaction of $618,750.00. Following the completion of the transaction, the vice president now directly owns 198,081 shares of the company’s stock, valued at $4,902,504.75. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Steven J. Bilodeau sold 10,000 shares of the company’s stock in a transaction dated Monday, November 20th. The stock was sold at an average price of $24.86, for a total value of $248,600.00. Following the transaction, the director now directly owns 95,184 shares of the company’s stock, valued at $2,366,274.24. The disclosure for this sale can be found here. Over the last three months, insiders sold 45,000 shares of company stock valued at $1,115,150. Insiders own 6.46% of the company’s stock.

Several hedge funds have recently bought and sold shares of the company. The Manufacturers Life Insurance Company boosted its position in shares of Cohu by 1.0% during the second quarter. The Manufacturers Life Insurance Company now owns 21,696 shares of the semiconductor company’s stock worth $342,000 after buying an additional 207 shares during the period. Schwab Charles Investment Management Inc. boosted its position in shares of Cohu by 0.5% during the second quarter. Schwab Charles Investment Management Inc. now owns 101,645 shares of the semiconductor company’s stock worth $1,600,000 after buying an additional 532 shares during the period. Thrivent Financial For Lutherans boosted its position in shares of Cohu by 8.0% during the second quarter. Thrivent Financial For Lutherans now owns 15,440 shares of the semiconductor company’s stock worth $243,000 after buying an additional 1,140 shares during the period. PNC Financial Services Group Inc. boosted its position in shares of Cohu by 14.9% during the second quarter. PNC Financial Services Group Inc. now owns 12,452 shares of the semiconductor company’s stock worth $197,000 after buying an additional 1,613 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its position in shares of Cohu by 10.9% during the third quarter. Public Employees Retirement System of Ohio now owns 26,971 shares of the semiconductor company’s stock worth $643,000 after buying an additional 2,647 shares during the period. 82.23% of the stock is owned by institutional investors.

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Cohu Company Profile

Cohu, Inc is a supplier of semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors and thermal sub-systems used by global semiconductor manufacturers and test subcontractors. It develops, manufactures, sells and services a line of equipment capable of handling a range of integrated circuits and light-emitting diodes.

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