Brokerages Set Cohu, Inc. (NASDAQ:COHU) Target Price at $37.33

Shares of Cohu, Inc. (NASDAQ:COHU) have earned a consensus rating of “Moderate Buy” from the six research firms that are presently covering the company, Marketbeat.com reports. One research analyst has rated the stock with a hold rating and five have given a buy rating to the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $37.33.

COHU has been the subject of a number of recent analyst reports. TD Cowen lowered their price objective on shares of Cohu from $40.00 to $36.00 and set a “buy” rating for the company in a research report on Friday, May 3rd. Craig Hallum lowered their price target on Cohu from $35.00 to $30.00 and set a “hold” rating for the company in a report on Friday, May 3rd. Citigroup cut their price objective on Cohu from $40.00 to $36.00 and set a “buy” rating on the stock in a report on Monday, May 6th. Needham & Company LLC lowered their target price on Cohu from $36.00 to $34.00 and set a “buy” rating for the company in a research note on Monday, May 6th. Finally, B. Riley dropped their target price on shares of Cohu from $45.00 to $40.00 and set a “buy” rating on the stock in a report on Friday, May 3rd.

Cohu Stock Up 5.4 %

Shares of NASDAQ COHU opened at $30.90 on Friday. The firm has a 50 day moving average price of $30.71 and a 200 day moving average price of $32.21. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.63 and a current ratio of 6.29. The stock has a market cap of $1.46 billion, a P/E ratio of -618.00 and a beta of 1.54. Cohu has a 52-week low of $28.57 and a 52-week high of $43.99.

Insider Transactions at Cohu

In other Cohu news, Director William Bendush sold 2,591 shares of Cohu stock in a transaction on Monday, May 13th. The shares were sold at an average price of $29.83, for a total value of $77,289.53. Following the sale, the director now directly owns 36,662 shares in the company, valued at approximately $1,093,627.46. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Cohu news, Director William Bendush sold 2,591 shares of the firm’s stock in a transaction that occurred on Monday, May 13th. The stock was sold at an average price of $29.83, for a total value of $77,289.53. Following the completion of the transaction, the director now directly owns 36,662 shares in the company, valued at $1,093,627.46. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, VP Thomas D. Kampfer sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 15th. The stock was sold at an average price of $29.43, for a total value of $88,290.00. Following the sale, the vice president now owns 51,442 shares in the company, valued at approximately $1,513,938.06. The disclosure for this sale can be found here. Insiders sold 8,091 shares of company stock valued at $238,755 in the last ninety days. 2.70% of the stock is currently owned by corporate insiders.

Institutional Trading of Cohu

A number of large investors have recently added to or reduced their stakes in COHU. Pacer Advisors Inc. raised its holdings in shares of Cohu by 61.3% in the 4th quarter. Pacer Advisors Inc. now owns 751,039 shares of the semiconductor company’s stock valued at $26,579,000 after purchasing an additional 285,537 shares during the period. First Eagle Investment Management LLC increased its position in Cohu by 38.4% during the fourth quarter. First Eagle Investment Management LLC now owns 213,698 shares of the semiconductor company’s stock worth $7,563,000 after buying an additional 59,283 shares during the last quarter. TimesSquare Capital Management LLC raised its stake in Cohu by 166.1% in the third quarter. TimesSquare Capital Management LLC now owns 647,338 shares of the semiconductor company’s stock valued at $22,294,000 after buying an additional 404,028 shares during the period. Northern Trust Corp lifted its position in shares of Cohu by 14.4% in the third quarter. Northern Trust Corp now owns 684,736 shares of the semiconductor company’s stock valued at $23,582,000 after buying an additional 86,030 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of Cohu by 10.8% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 463,120 shares of the semiconductor company’s stock worth $15,950,000 after acquiring an additional 45,304 shares during the period. Institutional investors and hedge funds own 94.67% of the company’s stock.

About Cohu

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.