Craig Hallum Cuts Cohu (NASDAQ:COHU) Price Target to $30.00

Cohu (NASDAQ:COHU) had its price target lowered by Craig Hallum from $35.00 to $30.00 in a research report report published on Friday, Benzinga reports. Craig Hallum currently has a hold rating on the semiconductor company’s stock.

COHU has been the subject of several other reports. B. Riley dropped their target price on Cohu from $45.00 to $40.00 and set a buy rating for the company in a research report on Friday. Needham & Company LLC reaffirmed a buy rating and set a $36.00 target price on shares of Cohu in a research note on Friday, February 16th. Finally, TD Cowen decreased their price target on shares of Cohu from $40.00 to $36.00 and set a buy rating for the company in a research report on Friday. Two investment analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of Moderate Buy and an average price target of $37.33.

Cohu Price Performance

Cohu stock opened at $28.92 on Friday. The company’s 50 day simple moving average is $31.29 and its 200-day simple moving average is $32.35. The company has a debt-to-equity ratio of 0.01, a quick ratio of 4.63 and a current ratio of 6.29. Cohu has a 1 year low of $28.57 and a 1 year high of $43.99. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of -578.40 and a beta of 1.54.

Cohu (NASDAQ:COHU) last announced its earnings results on Thursday, February 15th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. Cohu had a positive return on equity of 3.91% and a negative net margin of 0.38%. The company had revenue of $137.23 million for the quarter, compared to analyst estimates of $136.94 million. During the same quarter in the previous year, the company earned $0.63 earnings per share. The firm’s quarterly revenue was down 28.2% compared to the same quarter last year. As a group, equities research analysts expect that Cohu will post 0.22 earnings per share for the current year.

Hedge Funds Weigh In On Cohu

Institutional investors and hedge funds have recently modified their holdings of the company. Texas Permanent School Fund Corp lifted its holdings in Cohu by 1.3% during the 1st quarter. Texas Permanent School Fund Corp now owns 41,576 shares of the semiconductor company’s stock worth $1,386,000 after buying an additional 539 shares during the last quarter. TFO Wealth Partners LLC lifted its stake in 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 purchasing an additional 847 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings 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 valued at $754,000 after purchasing an additional 865 shares in the last quarter. Meeder Asset Management Inc. acquired a new position in Cohu in the fourth quarter valued at approximately $35,000. Finally, Inspire Investing LLC increased its stake in Cohu by 17.3% in the third quarter. Inspire Investing LLC now owns 8,894 shares of the semiconductor company’s stock valued at $306,000 after purchasing an additional 1,313 shares during 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.