Cohu, Inc. (NASDAQ:COHU) Given Consensus Recommendation of “Moderate Buy” by Analysts

Shares of Cohu, Inc. (NASDAQ:COHU) have received a consensus recommendation of “Moderate Buy” from the five brokerages that are currently covering the firm, Marketbeat Ratings reports. Two investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price target among analysts that have issued a report on the stock in the last year is $35.00.

A number of research analysts recently commented on COHU shares. Citigroup downgraded shares of Cohu from a “buy” rating to a “neutral” rating and set a $36.00 price objective on the stock. in a research report on Monday, July 15th. Needham & Company LLC lowered their price target on shares of Cohu from $37.00 to $33.00 and set a “buy” rating on the stock in a report on Thursday, August 1st. Finally, StockNews.com lowered Cohu from a “hold” rating to a “sell” rating in a report on Friday, August 2nd.

Institutional Investors Weigh In On Cohu

Several institutional investors and hedge funds have recently modified their holdings of COHU. Mackenzie Financial Corp raised its holdings in Cohu by 5.6% during the second quarter. Mackenzie Financial Corp now owns 7,939 shares of the semiconductor company’s stock valued at $263,000 after buying an additional 419 shares in the last quarter. Wedge Capital Management L L P NC raised its stake in shares of Cohu by 1.0% in the 2nd quarter. Wedge Capital Management L L P NC now owns 47,223 shares of the semiconductor company’s stock valued at $1,563,000 after acquiring an additional 466 shares in the last quarter. Oak Associates Ltd. OH boosted its position in Cohu by 0.6% during the second quarter. Oak Associates Ltd. OH now owns 83,704 shares of the semiconductor company’s stock worth $2,771,000 after purchasing an additional 521 shares during the period. Texas Permanent School Fund Corp boosted its position in Cohu by 1.3% during the first quarter. Texas Permanent School Fund Corp now owns 41,576 shares of the semiconductor company’s stock worth $1,386,000 after purchasing an additional 539 shares during the period. Finally, Linden Thomas Advisory Services LLC grew its holdings in Cohu by 1.7% during the second quarter. Linden Thomas Advisory Services LLC now owns 34,091 shares of the semiconductor company’s stock valued at $1,128,000 after purchasing an additional 555 shares during the last quarter. Institutional investors and hedge funds own 94.67% of the company’s stock.

Cohu Price Performance

COHU opened at $25.57 on Friday. The firm has a market capitalization of $1.20 billion, a P/E ratio of -511.40 and a beta of 1.53. The stock has a fifty day moving average of $26.48 and a 200-day moving average of $29.82. The company has a quick ratio of 5.09, a current ratio of 6.95 and a debt-to-equity ratio of 0.01. Cohu has a 12-month low of $22.80 and a 12-month high of $36.60.

Cohu (NASDAQ:COHU) last announced its quarterly earnings data on Wednesday, July 31st. The semiconductor company reported ($0.12) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.09) by ($0.03). Cohu had a positive return on equity of 1.27% and a negative net margin of 5.70%. The business had revenue of $104.70 million during the quarter, compared to analysts’ expectations of $105.00 million. Equities analysts forecast that Cohu will post -0.41 EPS for the current fiscal year.

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.