Analysts Set Cohu, Inc. (NASDAQ:COHU) Target Price at $43.50

Cohu, Inc. (NASDAQ:COHU) has been given a consensus recommendation of “Buy” by the four ratings firms that are currently covering the stock, Marketbeat Ratings reports. Four investment analysts have rated the stock with a buy rating. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $43.50.

Several brokerages recently commented on COHU. Needham & Company LLC reiterated a “buy” rating and issued a $36.00 price objective on shares of Cohu in a research note on Friday, February 16th. TD Cowen lifted their target price on shares of Cohu from $38.00 to $40.00 and gave the stock an “outperform” rating in a research report on Friday, February 16th.

Cohu Stock Up 1.6 %

Shares of NASDAQ COHU opened at $30.84 on Tuesday. The company has a quick ratio of 4.67, a current ratio of 6.18 and a debt-to-equity ratio of 0.04. Cohu has a 52 week low of $28.57 and a 52 week high of $43.99. The firm has a 50-day moving average price of $31.62 and a 200 day moving average price of $32.65. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 52.27 and a beta of 1.52.

Cohu (NASDAQ:COHU) last announced its quarterly earnings data on Thursday, February 15th. The semiconductor company reported $0.23 EPS for the quarter, beating the consensus estimate of $0.22 by $0.01. Cohu had a net margin of 4.42% and a return on equity of 6.73%. The firm had revenue of $137.23 million during the quarter, compared to analysts’ expectations of $136.94 million. During the same quarter last year, the business earned $0.63 earnings per share. The business’s revenue for the quarter was down 28.2% compared to the same quarter last year. Equities research analysts anticipate that Cohu will post 0.22 EPS for the current fiscal year.

Hedge Funds Weigh In On Cohu

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in COHU. Meeder Asset Management Inc. acquired a new position in Cohu during the fourth quarter worth about $35,000. Teza Capital Management LLC purchased a new stake in shares of Cohu during the third quarter worth about $212,000. Altfest L J & Co. Inc. purchased a new stake in shares of Cohu during the fourth quarter worth about $250,000. TFO Wealth Partners LLC grew its holdings in shares of Cohu by 10,587.5% during the fourth quarter. TFO Wealth Partners LLC now owns 855 shares of the semiconductor company’s stock worth $283,000 after buying an additional 847 shares in the last quarter. Finally, Inspire Investing LLC grew its holdings in shares of Cohu by 17.3% during the third quarter. Inspire Investing LLC now owns 8,894 shares of the semiconductor company’s stock worth $306,000 after buying an additional 1,313 shares in the last quarter. Institutional investors and hedge funds own 94.67% of the company’s stock.

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.