Cohu (NASDAQ:COHU) had its price objective reduced by equities researchers at DA Davidson to $28.00 in a report issued on Tuesday, The Fly reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. DA Davidson’s target price indicates a potential upside of 30.41% from the company’s current price.
A number of other research firms have also commented on COHU. Stifel Nicolaus increased their price objective on Cohu from $29.00 to $30.00 and gave the company a “buy” rating in a research note on Tuesday, October 2nd. BidaskClub downgraded Cohu from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 18th. Finally, ValuEngine downgraded Cohu from a “hold” rating to a “sell” rating in a research report on Tuesday, October 23rd. One equities research 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 currently has a consensus rating of “Hold” and an average price target of $28.75.
COHU opened at $21.47 on Tuesday. The company has a current ratio of 3.66, a quick ratio of 2.93 and a debt-to-equity ratio of 0.01. The firm has a market cap of $635.56 million, a P/E ratio of 16.02, a P/E/G ratio of 1.38 and a beta of 1.29. Cohu has a 52 week low of $18.60 and a 52 week high of $27.83.
Cohu (NASDAQ:COHU) last posted its quarterly earnings data on Monday, November 5th. The semiconductor company reported $0.30 EPS for the quarter, missing analysts’ consensus estimates of $0.38 by ($0.08). The company had revenue of $86.20 million for the quarter, compared to analyst estimates of $92.03 million. Cohu had a net margin of 9.50% and a return on equity of 15.21%. The firm’s revenue was down 8.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.43 EPS. Equities analysts predict that Cohu will post 1.6 earnings per share for the current fiscal year.
In related news, VP Hock Woo Chiang sold 15,825 shares of the stock in a transaction dated Tuesday, August 14th. The stock was sold at an average price of $27.59, for a total transaction of $436,611.75. Following the transaction, the vice president now directly owns 71,947 shares in the company, valued at $1,985,017.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 3.88% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Meeder Asset Management Inc. lifted its position in Cohu by 958.7% during the third quarter. Meeder Asset Management Inc. now owns 4,150 shares of the semiconductor company’s stock worth $105,000 after buying an additional 3,758 shares during the period. Wells Fargo & Company MN lifted its position in Cohu by 1.5% during the third quarter. Wells Fargo & Company MN now owns 160,852 shares of the semiconductor company’s stock worth $4,038,000 after buying an additional 2,404 shares during the period. Stratos Wealth Partners LTD. purchased a new position in Cohu during the third quarter worth about $844,000. Chicago Equity Partners LLC lifted its position in Cohu by 324.6% during the third quarter. Chicago Equity Partners LLC now owns 71,071 shares of the semiconductor company’s stock worth $1,784,000 after buying an additional 54,331 shares during the period. Finally, Victory Capital Management Inc. raised its holdings in shares of Cohu by 183.6% in the 3rd quarter. Victory Capital Management Inc. now owns 192,082 shares of the semiconductor company’s stock worth $4,821,000 after purchasing an additional 124,352 shares during the period. Hedge funds and other institutional investors own 97.54% of the company’s stock.
Cohu, Inc, through its subsidiaries, engages in the development, manufacture, sale, and servicing of semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors, and thermal sub-systems for semiconductor manufacturers and test subcontractors worldwide.
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