Cohu (NASDAQ:COHU) Stock Rating Upgraded by StockNews.com

Cohu (NASDAQ:COHU) was upgraded by equities researchers at StockNews.com from a “sell” rating to a “hold” rating in a research report issued to clients and investors on Monday.

COHU has been the topic of a number of other research reports. TD Cowen decreased their target price on shares of Cohu from $27.00 to $22.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Needham & Company LLC reaffirmed a “hold” rating on shares of Cohu in a research report on Friday, May 2nd. Stifel Nicolaus cut their target price on Cohu from $35.00 to $28.00 and set a “buy” rating on the stock in a research report on Friday, May 2nd. Finally, B. Riley decreased their price target on Cohu from $34.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $28.43.

Cohu Stock Performance

NASDAQ:COHU opened at $15.65 on Monday. The company’s 50-day moving average is $15.88 and its two-hundred day moving average is $21.84. Cohu has a 1-year low of $12.57 and a 1-year high of $36.60. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.38 and a quick ratio of 4.69. The firm has a market capitalization of $728.49 million, a price-to-earnings ratio of -10.44 and a beta of 1.22.

Cohu (NASDAQ:COHU) last released its quarterly earnings data on Thursday, May 1st. The semiconductor company reported ($0.02) EPS for the quarter, beating analysts’ consensus estimates of ($0.16) by $0.14. The firm had revenue of $96.80 million for the quarter, compared to analysts’ expectations of $96.61 million. Cohu had a negative return on equity of 3.18% and a negative net margin of 17.38%. The firm’s quarterly revenue was down 10.0% on a year-over-year basis. During the same period in the prior year, the firm posted $0.01 earnings per share. Analysts forecast that Cohu will post -0.36 EPS for the current year.

Institutional Trading of Cohu

Several hedge funds have recently modified their holdings of the stock. Victory Capital Management Inc. increased its holdings in Cohu by 18.6% during the 1st quarter. Victory Capital Management Inc. now owns 3,731,981 shares of the semiconductor company’s stock worth $54,897,000 after purchasing an additional 585,234 shares during the period. Franklin Resources Inc. increased its stake in shares of Cohu by 1.4% during the fourth quarter. Franklin Resources Inc. now owns 3,191,263 shares of the semiconductor company’s stock worth $85,207,000 after buying an additional 45,571 shares during the period. Thrivent Financial for Lutherans raised its holdings in Cohu by 78.8% in the fourth quarter. Thrivent Financial for Lutherans now owns 2,615,235 shares of the semiconductor company’s stock valued at $69,827,000 after acquiring an additional 1,152,825 shares in the last quarter. Royce & Associates LP lifted its stake in Cohu by 16.4% in the first quarter. Royce & Associates LP now owns 1,679,478 shares of the semiconductor company’s stock worth $24,705,000 after acquiring an additional 237,084 shares during the last quarter. Finally, Ameriprise Financial Inc. grew its holdings in Cohu by 15.5% during the 4th quarter. Ameriprise Financial Inc. now owns 1,148,977 shares of the semiconductor company’s stock worth $30,678,000 after acquiring an additional 154,550 shares in the last quarter. 94.67% of the stock is currently owned by institutional investors and hedge funds.

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.