Cohu, Inc. (NASDAQ:COHU) Receives Consensus Recommendation of “Buy” from Analysts

Shares of Cohu, Inc. (NASDAQ:COHU) have earned a consensus rating of “Buy” from the four research firms that are covering the company, Marketbeat.com reports. Four equities research analysts have rated the stock with a buy rating. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $43.50.

A number of equities analysts have weighed in on COHU shares. TD Cowen raised their target price on shares of Cohu from $38.00 to $40.00 and gave the company an “outperform” rating in a research note on Friday, February 16th. Needham & Company LLC reaffirmed a “buy” rating and set a $36.00 target price on shares of Cohu in a research note on Friday, February 16th.

Institutional Investors Weigh In On Cohu

A number of institutional investors have recently made changes to their positions in COHU. SG Americas Securities LLC purchased a new stake in shares of Cohu during the third quarter valued at approximately $527,000. Ziegler Capital Management LLC grew its holdings in shares of Cohu by 3.7% during the third quarter. Ziegler Capital Management LLC now owns 12,716 shares of the semiconductor company’s stock valued at $438,000 after buying an additional 456 shares during the last quarter. Bailard Inc. grew its holdings in shares of Cohu by 200.4% during the third quarter. Bailard Inc. now owns 16,823 shares of the semiconductor company’s stock valued at $579,000 after buying an additional 11,223 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of Cohu by 18.5% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,407 shares of the semiconductor company’s stock valued at $358,000 after buying an additional 1,623 shares during the last quarter. Finally, Inspire Investing LLC boosted its holdings in Cohu by 17.3% in the third quarter. Inspire Investing LLC now owns 8,894 shares of the semiconductor company’s stock worth $306,000 after purchasing an additional 1,313 shares during the last quarter. Hedge funds and other institutional investors own 94.67% of the company’s stock.

Cohu Price Performance

COHU stock opened at $31.08 on Tuesday. Cohu has a 1 year low of $28.57 and a 1 year high of $43.99. The company has a market cap of $1.46 billion, a P/E ratio of 52.68 and a beta of 1.52. The firm has a 50-day moving average of $31.52 and a 200 day moving average of $32.59. The company has a debt-to-equity ratio of 0.04, a current ratio of 6.18 and a quick ratio of 4.67.

Cohu (NASDAQ:COHU) last announced its earnings results on Thursday, February 15th. The semiconductor company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. Cohu had a net margin of 4.42% and a return on equity of 6.73%. The business had revenue of $137.23 million during the quarter, compared to the consensus estimate of $136.94 million. During the same quarter last year, the firm earned $0.63 earnings per share. The business’s revenue for the quarter was down 28.2% on a year-over-year basis. On average, sell-side analysts forecast that Cohu will post 0.22 EPS for the current year.

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.