Cohu (NASDAQ:COHU) Given New $35.00 Price Target at Cowen

Cohu (NASDAQ:COHUGet Rating) had its price target trimmed by Cowen from $38.00 to $35.00 in a report published on Monday morning, Stock Target Advisor reports.

A number of other analysts have also commented on the stock. DA Davidson reissued a buy rating on shares of Cohu in a research report on Wednesday, July 27th. The Goldman Sachs Group cut their price objective on shares of Cohu from $28.00 to $25.00 in a research report on Friday, July 15th. B. Riley lowered shares of Cohu from a buy rating to a neutral rating and cut their price objective for the stock from $40.00 to $30.00 in a research report on Tuesday, April 12th. Craig Hallum cut their price objective on shares of Cohu from $46.00 to $39.00 and set a buy rating on the stock in a research report on Tuesday, July 12th. Finally, Cowen dropped their price target on shares of Cohu from $38.00 to $35.00 in a research report on Monday. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of Hold and a consensus price target of $37.63.

Cohu Stock Up 2.0 %

Cohu stock opened at $29.15 on Monday. The stock has a market capitalization of $1.42 billion, a PE ratio of 15.10 and a beta of 1.55. Cohu has a twelve month low of $24.06 and a twelve month high of $39.86. The company has a quick ratio of 3.11, a current ratio of 3.95 and a debt-to-equity ratio of 0.08. The company has a 50 day moving average of $27.76 and a 200-day moving average of $28.91.

Cohu (NASDAQ:COHUGet Rating) last released its quarterly earnings results on Thursday, July 28th. The semiconductor company reported $0.81 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.18. The company had revenue of $217.23 million during the quarter, compared to analysts’ expectations of $216.77 million. Cohu had a net margin of 11.41% and a return on equity of 14.90%. The business’s quarterly revenue was down 11.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.82 earnings per share. On average, equities research analysts anticipate that Cohu will post 2.5 EPS for the current fiscal year.

Insider Activity

In other news, Director William Bendush sold 3,532 shares of the stock in a transaction dated Friday, May 6th. The shares were sold at an average price of $28.02, for a total value of $98,966.64. Following the transaction, the director now directly owns 38,907 shares of the company’s stock, valued at $1,090,174.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director William Bendush sold 3,532 shares of the stock in a transaction dated Friday, May 6th. The shares were sold at an average price of $28.02, for a total value of $98,966.64. Following the transaction, the director now directly owns 38,907 shares of the company’s stock, valued at $1,090,174.14. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, VP Thomas D. Kampfer sold 10,000 shares of the company’s stock in a transaction dated Friday, May 27th. The shares were sold at an average price of $30.11, for a total transaction of $301,100.00. Following the completion of the transaction, the vice president now owns 62,099 shares in the company, valued at $1,869,800.89. The disclosure for this sale can be found here. Insiders have sold 13,652 shares of company stock valued at $403,427 over the last ninety days. 2.33% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Cohu

Several institutional investors and hedge funds have recently modified their holdings of the business. Teacher Retirement System of Texas grew its stake in shares of Cohu by 6.7% in the first quarter. Teacher Retirement System of Texas now owns 9,963 shares of the semiconductor company’s stock valued at $295,000 after acquiring an additional 622 shares in the last quarter. First Republic Investment Management Inc. grew its stake in Cohu by 1.4% during the first quarter. First Republic Investment Management Inc. now owns 53,990 shares of the semiconductor company’s stock worth $1,598,000 after buying an additional 724 shares in the last quarter. US Bancorp DE grew its stake in Cohu by 185.4% during the second quarter. US Bancorp DE now owns 1,213 shares of the semiconductor company’s stock worth $34,000 after buying an additional 788 shares in the last quarter. New York State Teachers Retirement System grew its stake in Cohu by 1.5% during the fourth quarter. New York State Teachers Retirement System now owns 65,884 shares of the semiconductor company’s stock worth $2,510,000 after buying an additional 998 shares in the last quarter. Finally, Meeder Asset Management Inc. acquired a new stake in Cohu during the first quarter worth about $38,000. 88.46% of the stock is currently owned by institutional investors and hedge funds.

Cohu Company Profile

(Get Rating)

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 and electronics manufacturers, and test subcontractors.

Further Reading

Analyst Recommendations for Cohu (NASDAQ:COHU)

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