Cohu, Inc. (NASDAQ:COHU) has been given an average rating of “Hold” by the seven research firms that are covering the stock, MarketBeat reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation and four have given a buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $29.33.
A number of research firms have commented on COHU. BidaskClub raised Cohu from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, July 18th. ValuEngine lowered Cohu from a “hold” rating to a “sell” rating in a research report on Monday, September 17th. Zacks Investment Research lowered Cohu from a “buy” rating to a “hold” rating in a research report on Tuesday, July 10th. Finally, DA Davidson began coverage on Cohu in a research report on Monday, September 24th. They set a “buy” rating and a $30.00 price target for the company.
In other Cohu news, VP Hock Woo Chiang sold 15,825 shares of the company’s stock in a transaction that occurred on 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 owns 71,947 shares in the company, valued at approximately $1,985,017.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 3.88% of the stock is currently owned by corporate insiders.
Hedge funds have recently bought and sold shares of the business. Meeder Asset Management Inc. grew its holdings in shares of Cohu by 958.7% during the 3rd quarter. Meeder Asset Management Inc. now owns 4,150 shares of the semiconductor company’s stock worth $105,000 after acquiring an additional 3,758 shares during the period. Itau Unibanco Holding S.A. purchased a new position in shares of Cohu during the 2nd quarter worth approximately $124,000. Piedmont Investment Advisors LLC purchased a new position in shares of Cohu during the 2nd quarter worth approximately $164,000. WINTON GROUP Ltd purchased a new position in shares of Cohu during the 1st quarter worth approximately $201,000. Finally, California Public Employees Retirement System purchased a new position in shares of Cohu during the 2nd quarter worth approximately $208,000. Hedge funds and other institutional investors own 97.54% of the company’s stock.
COHU traded down $3.41 during midday trading on Tuesday, reaching $18.06. 1,616,154 shares of the company’s stock traded hands, compared to its average volume of 299,375. The firm has a market capitalization of $635.56 million, a price-to-earnings ratio of 13.48, a PEG ratio of 1.38 and a beta of 1.29. The company has a debt-to-equity ratio of 0.01, a current ratio of 3.66 and a quick ratio of 2.93. Cohu has a 52 week low of $17.60 and a 52 week high of $27.83.
Cohu (NASDAQ:COHU) last released its quarterly earnings results 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 business had revenue of $86.20 million for the quarter, compared to the consensus estimate of $92.03 million. Cohu had a net margin of 9.50% and a return on equity of 15.21%. The company’s revenue for the quarter was down 8.0% on a year-over-year basis. During the same period in the previous year, the company earned $0.43 EPS. As a group, sell-side analysts expect that Cohu will post 1.6 EPS for the current fiscal year.
Cohu Company Profile
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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