Cohu (NASDAQ:COHU) Lowered to Sell at StockNews.com

StockNews.com downgraded shares of Cohu (NASDAQ:COHU) from a hold rating to a sell rating in a research report sent to investors on Friday.

Other research analysts have also recently issued research reports about the stock. TD Cowen cut their price objective on shares of Cohu from $40.00 to $36.00 and set a buy rating for the company in a report on Friday, May 3rd. Needham & Company LLC cut their target price on shares of Cohu from $37.00 to $33.00 and set a buy rating for the company in a research note on Thursday. B. Riley cut their target price on shares of Cohu from $45.00 to $40.00 and set a buy rating for the company in a research note on Friday, May 3rd. Craig Hallum cut their target price on shares of Cohu from $35.00 to $30.00 and set a hold rating for the company in a research note on Friday, May 3rd. Finally, Citigroup cut shares of Cohu from a buy rating to a neutral rating and set a $36.00 target price for the company. in a research note on Monday, July 15th. One analyst has rated the stock with a sell rating, two have given a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of Hold and an average target price of $35.00.

Cohu Stock Performance

Shares of Cohu stock opened at $26.62 on Friday. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.95 and a quick ratio of 4.63. The firm has a fifty day moving average price of $32.38 and a 200 day moving average price of $31.87. Cohu has a 1 year low of $26.25 and a 1 year high of $41.75.

Cohu (NASDAQ:COHU) last issued its earnings results on Thursday, May 2nd. The semiconductor company reported ($0.06) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.07) by $0.01. Cohu had a negative net margin of 5.70% and a positive return on equity of 1.27%. The firm had revenue of $107.61 million during the quarter, compared to analysts’ expectations of $107.00 million. Equities research analysts anticipate that Cohu will post -0.07 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, SVP Christopher Bohrson sold 2,000 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $30.00, for a total transaction of $60,000.00. Following the transaction, the senior vice president now directly owns 130,339 shares in the company, valued at $3,910,170. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, SVP Christopher Bohrson sold 2,000 shares of the business’s stock in a transaction dated Wednesday, May 22nd. The shares were sold at an average price of $30.00, for a total transaction of $60,000.00. Following the transaction, the senior vice president now directly owns 130,339 shares in the company, valued at $3,910,170. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, VP Thomas D. Kampfer sold 3,000 shares of the business’s stock in a transaction dated Wednesday, May 15th. The stock was sold at an average price of $29.43, for a total transaction of $88,290.00. Following the transaction, the vice president now owns 51,442 shares in the company, valued at $1,513,938.06. The disclosure for this sale can be found here. Over the last three months, insiders have sold 10,091 shares of company stock worth $298,755. 2.70% of the stock is owned by insiders.

Hedge Funds Weigh In On Cohu

Institutional investors and hedge funds have recently bought and sold shares of the company. Signaturefd LLC boosted its holdings in Cohu by 1,256.3% in the 2nd quarter. Signaturefd LLC now owns 868 shares of the semiconductor company’s stock valued at $29,000 after purchasing an additional 804 shares during the last quarter. Meeder Asset Management Inc. purchased a new stake in shares of Cohu in the 4th quarter valued at approximately $35,000. First Horizon Advisors Inc. raised its stake in shares of Cohu by 558.8% in the 2nd quarter. First Horizon Advisors Inc. now owns 1,087 shares of the semiconductor company’s stock valued at $36,000 after acquiring an additional 922 shares during the period. CWM LLC raised its stake in shares of Cohu by 158.1% in the 2nd quarter. CWM LLC now owns 1,533 shares of the semiconductor company’s stock valued at $51,000 after acquiring an additional 939 shares during the period. Finally, 1620 Investment Advisors Inc. purchased a new stake in shares of Cohu in the 2nd quarter valued at approximately $97,000. 94.67% of the stock is currently owned by institutional investors and hedge funds.

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.