Cohu (NASDAQ:COHU) Reaches New 1-Year Low – What’s Next?

Shares of Cohu, Inc. (NASDAQ:COHU) reached a new 52-week low during mid-day trading on Monday . The stock traded as low as $16.58 and last traded at $17.18, with a volume of 39630 shares changing hands. The stock had previously closed at $17.18.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on the stock. B. Riley reduced their price objective on shares of Cohu from $34.00 to $30.00 and set a “buy” rating for the company in a research note on Friday, February 14th. Needham & Company LLC reaffirmed a “hold” rating on shares of Cohu in a research note on Tuesday, February 25th. Finally, Stifel Nicolaus reduced their price objective on shares of Cohu from $40.00 to $35.00 and set a “buy” rating for the company in a research note on Friday, February 14th. Two analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $30.57.

Cohu Stock Performance

The stock has a market cap of $771.18 million, a price-to-earnings ratio of -11.01 and a beta of 1.50. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.69 and a current ratio of 6.38. The stock’s 50-day simple moving average is $22.30 and its two-hundred day simple moving average is $24.61.

Cohu (NASDAQ:COHU) last released its earnings results on Thursday, February 20th. The semiconductor company reported ($0.25) earnings per share for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). Cohu had a negative return on equity of 3.18% and a negative net margin of 17.38%. Analysts forecast that Cohu, Inc. will post -0.36 earnings per share for the current year.

Institutional Inflows and Outflows

A number of large investors have recently made changes to their positions in the stock. Victory Capital Management Inc. raised its position in shares of Cohu by 7.1% during the third quarter. Victory Capital Management Inc. now owns 3,358,288 shares of the semiconductor company’s stock valued at $86,308,000 after buying an additional 224,022 shares during the last quarter. Franklin Resources Inc. raised its position in shares of Cohu by 1.4% during the fourth quarter. Franklin Resources Inc. now owns 3,191,263 shares of the semiconductor company’s stock valued at $85,207,000 after buying an additional 45,571 shares during the last quarter. Thrivent Financial for Lutherans raised its position in shares of Cohu by 78.8% during the fourth quarter. Thrivent Financial for Lutherans now owns 2,615,235 shares of the semiconductor company’s stock valued at $69,827,000 after buying an additional 1,152,825 shares during the last quarter. Royce & Associates LP raised its position in shares of Cohu by 28.0% during the fourth quarter. Royce & Associates LP now owns 1,442,394 shares of the semiconductor company’s stock valued at $38,512,000 after buying an additional 315,605 shares during the last quarter. Finally, Ameriprise Financial Inc. raised its position in shares of Cohu by 15.5% during the fourth quarter. Ameriprise Financial Inc. now owns 1,148,977 shares of the semiconductor company’s stock valued at $30,678,000 after buying an additional 154,550 shares during the last quarter. 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.