Cohu (NASDAQ:COHU) Rating Increased to Buy at Craig Hallum

Craig Hallum upgraded shares of Cohu (NASDAQ:COHU) from a hold rating to a buy rating in a report published on Friday morning, MarketBeat Ratings reports. The firm currently has $30.00 price objective on the semiconductor company’s stock.

A number of other research analysts have also recently commented on COHU. Citigroup cut Cohu from a “buy” rating to a “neutral” rating and set a $36.00 price objective on the stock. in a report on Monday, July 15th. Needham & Company LLC decreased their price target on Cohu from $37.00 to $33.00 and set a “buy” rating on the stock in a research note on Thursday, August 1st. Finally, StockNews.com downgraded Cohu from a “hold” rating to a “sell” rating in a research report on Friday, August 2nd. Two analysts have rated the stock with a sell rating, one has given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $31.50.

Cohu Stock Performance

NASDAQ COHU opened at $27.35 on Friday. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.09 and a current ratio of 6.95. The stock’s fifty day moving average is $25.18 and its two-hundred day moving average is $28.64. The firm has a market capitalization of $1.28 billion, a P/E ratio of -25.32 and a beta of 1.52. Cohu has a fifty-two week low of $22.80 and a fifty-two week high of $36.60.

Cohu (NASDAQ:COHU) last announced its quarterly earnings data on Thursday, October 31st. The semiconductor company reported ($0.17) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.15) by ($0.02). Cohu had a negative net margin of 11.35% and a negative return on equity of 1.00%. The firm had revenue of $95.30 million during the quarter, compared to analysts’ expectations of $95.75 million. During the same period in the prior year, the company posted $0.27 EPS. The company’s revenue for the quarter was down 36.8% compared to the same quarter last year. On average, research analysts anticipate that Cohu will post -0.41 earnings per share for the current year.

Insider Activity at Cohu

In other news, Director Nina Richardson sold 4,999 shares of the stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $24.14, for a total transaction of $120,675.86. Following the sale, the director now owns 28,313 shares of the company’s stock, valued at approximately $683,475.82. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders sold 5,399 shares of company stock worth $130,204 in the last three months. 2.70% of the stock is owned by company insiders.

Institutional Trading of Cohu

A number of institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Cohu by 3.3% during the first quarter. Vanguard Group Inc. now owns 4,303,097 shares of the semiconductor company’s stock worth $143,422,000 after buying an additional 137,475 shares during the last quarter. Dimensional Fund Advisors LP boosted its position in shares of Cohu by 1.7% in the 2nd quarter. Dimensional Fund Advisors LP now owns 3,161,347 shares of the semiconductor company’s stock worth $104,638,000 after buying an additional 51,640 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in Cohu by 54.7% in the 2nd quarter. Bank of New York Mellon Corp now owns 905,309 shares of the semiconductor company’s stock valued at $29,966,000 after buying an additional 320,234 shares in the last quarter. TimesSquare Capital Management LLC boosted its stake in shares of Cohu by 7.2% during the first quarter. TimesSquare Capital Management LLC now owns 746,680 shares of the semiconductor company’s stock valued at $24,887,000 after acquiring an additional 49,892 shares during the last quarter. Finally, Divisar Capital Management LLC boosted its stake in shares of Cohu by 5.9% during the 2nd quarter. Divisar Capital Management LLC now owns 540,183 shares of the semiconductor company’s stock worth $17,880,000 after purchasing an additional 30,000 shares during the last quarter. 94.67% of the stock is owned by hedge funds and other institutional investors.

Cohu Company Profile

Cohu, Inc, through its subsidiaries, provides semiconductor test equipment and services in China, the United States, Taiwan, Malaysia, the Philippines, and internationally. The company supplies semiconductor test and inspection handlers, micro-electromechanical system (MEMS) test modules, test contactors, thermal sub-systems, and semiconductor automated test equipment for semiconductor manufacturers and test subcontractors.