B. Riley Cuts Cohu (NASDAQ:COHU) Price Target to $40.00

Cohu (NASDAQ:COHU) had its price objective trimmed by B. Riley from $45.00 to $40.00 in a research note published on Friday, Benzinga reports. The brokerage currently has a buy rating on the semiconductor company’s stock.

Several other equities research analysts have also recently weighed in on COHU. TD Cowen reduced their price objective on Cohu from $40.00 to $36.00 and set a buy rating for the company in a research report on Friday. Needham & Company LLC restated a buy rating and issued a $36.00 price target on shares of Cohu in a research report on Friday, February 16th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of Moderate Buy and an average target price of $38.00.

Cohu Stock Down 2.4 %

Cohu stock opened at $29.60 on Friday. The company has a debt-to-equity ratio of 0.04, a current ratio of 6.18 and a quick ratio of 4.67. Cohu has a fifty-two week low of $28.57 and a fifty-two week high of $43.99. The firm has a fifty day moving average price of $31.35 and a two-hundred day moving average price of $32.39. The firm has a market cap of $1.39 billion, a price-to-earnings ratio of -592.00 and a beta of 1.54.

Cohu (NASDAQ:COHU) last posted its quarterly earnings data on Thursday, February 15th. The semiconductor company reported $0.23 EPS for the quarter, topping analysts’ consensus estimates of $0.22 by $0.01. Cohu had a positive return on equity of 3.88% and a negative net margin of 0.38%. The business had revenue of $137.23 million for the quarter, compared to analyst estimates of $136.94 million. During the same period in the previous year, the company posted $0.63 earnings per share. The firm’s revenue for the quarter was down 28.2% on a year-over-year basis. As a group, analysts forecast that Cohu will post 0.22 earnings per share for the current year.

Institutional Investors Weigh In On Cohu

Several institutional investors and hedge funds have recently bought and sold shares of COHU. TFO Wealth Partners LLC lifted its holdings in shares of Cohu by 10,587.5% during the 4th quarter. TFO Wealth Partners LLC now owns 855 shares of the semiconductor company’s stock worth $283,000 after acquiring an additional 847 shares during the period. Mirae Asset Global Investments Co. Ltd. raised its position in Cohu by 4.2% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 21,314 shares of the semiconductor company’s stock worth $754,000 after purchasing an additional 865 shares in the last quarter. Meeder Asset Management Inc. bought a new position in Cohu during the fourth quarter worth about $35,000. Inspire Investing LLC lifted its stake in 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 purchasing an additional 1,313 shares during the period. Finally, Swiss National Bank boosted its holdings in Cohu by 1.6% during the third quarter. Swiss National Bank now owns 104,450 shares of the semiconductor company’s stock valued at $3,597,000 after purchasing an additional 1,600 shares in the last quarter. Institutional investors 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.