Cowen Lowers Cohu (NASDAQ:COHU) Price Target to $35.00

Cohu (NASDAQ:COHUGet Rating) had its target price cut by stock analysts at Cowen from $38.00 to $35.00 in a research report issued to clients and investors on Monday, The Fly reports. Cowen’s target price suggests a potential upside of 20.23% from the company’s current price.

COHU has been the topic of a number of other research reports. DA Davidson reiterated a “buy” rating on shares of Cohu in a research note on Wednesday, July 27th. TheStreet raised Cohu from a “c+” rating to a “b-” rating in a report on Tuesday, May 24th. Craig Hallum decreased their target price on Cohu from $46.00 to $39.00 and set a “buy” rating on the stock in a report on Tuesday, July 12th. The Goldman Sachs Group decreased their target price on Cohu from $28.00 to $25.00 in a report on Friday, July 15th. Finally, B. Riley lowered Cohu from a “buy” rating to a “neutral” rating and decreased their target price for the stock from $40.00 to $30.00 in a report on Tuesday, April 12th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $37.63.

Cohu Price Performance

Cohu stock opened at $29.11 on Monday. The firm has a market capitalization of $1.42 billion, a P/E ratio of 15.08 and a beta of 1.55. Cohu has a 1 year low of $24.06 and a 1 year high of $39.86. The business has a 50-day moving average of $27.80 and a 200-day moving average of $28.91. The company has a current ratio of 3.95, a quick ratio of 3.11 and a debt-to-equity ratio of 0.08.

Cohu (NASDAQ:COHUGet Rating) last released its quarterly earnings data 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 business had revenue of $217.23 million for the quarter, compared to analysts’ expectations of $216.77 million. Cohu had a return on equity of 14.90% and a net margin of 11.41%. Cohu’s revenue for the quarter was down 11.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.82 EPS. On average, equities analysts anticipate that Cohu will post 2.5 EPS for the current year.

Insider Buying and Selling at Cohu

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

Institutional Trading of Cohu

Institutional investors and hedge funds have recently modified their holdings of the business. Kovitz Investment Group Partners LLC raised its position in Cohu by 0.6% in the second quarter. Kovitz Investment Group Partners LLC now owns 139,119 shares of the semiconductor company’s stock valued at $3,861,000 after purchasing an additional 863 shares during the last quarter. US Bancorp DE increased its stake in shares of Cohu by 185.4% in the second quarter. US Bancorp DE now owns 1,213 shares of the semiconductor company’s stock valued at $34,000 after buying an additional 788 shares during the period. Victory Capital Management Inc. increased its stake in shares of Cohu by 15.8% in the second quarter. Victory Capital Management Inc. now owns 2,801,536 shares of the semiconductor company’s stock valued at $77,743,000 after buying an additional 382,863 shares during the period. Kendall Capital Management increased its stake in shares of Cohu by 210.6% in the second quarter. Kendall Capital Management now owns 24,550 shares of the semiconductor company’s stock valued at $681,000 after buying an additional 16,645 shares during the period. Finally, Russell Investments Group Ltd. grew its stake in Cohu by 19.4% during the second quarter. Russell Investments Group Ltd. now owns 53,949 shares of the semiconductor company’s stock worth $1,496,000 after purchasing an additional 8,748 shares during the period. 88.46% of the stock is currently owned by institutional investors.

About Cohu

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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.

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