Cohu (NASDAQ:COHU) Trading 6.9% Higher

Shares of Cohu, Inc. (NASDAQ:COHU) traded up 6.9% during trading on Thursday . The company traded as high as $18.37 and last traded at $18.36. 240,255 shares changed hands during trading, a decline of 13% from the average session volume of 276,600 shares. The stock had previously closed at $17.18.

A number of analysts have recently commented on the company. BidaskClub lowered Cohu from a “hold” rating to a “sell” rating in a research note on Friday, August 28th. Deutsche Bank lifted their price objective on Cohu from $18.00 to $21.00 and gave the stock a “buy” rating in a research note on Tuesday, July 28th. Cowen lifted their price objective on Cohu from $20.00 to $24.00 and gave the stock an “outperform” rating in a research note on Friday, July 31st. Zacks Investment Research raised Cohu from a “sell” rating to a “hold” rating in a research note on Tuesday, August 4th. Finally, DA Davidson reaffirmed a “buy” rating on shares of Cohu in a research note on Friday, July 31st. One analyst has rated the stock with a sell rating, two have issued a hold rating and seven have assigned a buy rating to the company. Cohu presently has an average rating of “Buy” and a consensus target price of $23.00.

The firm has a market capitalization of $768.61 million, a P/E ratio of -15.30 and a beta of 1.84. The stock has a fifty day simple moving average of $17.34 and a two-hundred day simple moving average of $15.98. The company has a debt-to-equity ratio of 0.75, a current ratio of 2.87 and a quick ratio of 1.98.

Cohu (NASDAQ:COHU) last issued its earnings results on Thursday, July 30th. The semiconductor company reported $0.17 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.02 by $0.15. The business had revenue of $144.08 million during the quarter, compared to the consensus estimate of $143.30 million. Cohu had a positive return on equity of 0.11% and a negative net margin of 8.75%. As a group, sell-side analysts expect that Cohu, Inc. will post 0.28 EPS for the current fiscal year.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its holdings in shares of Cohu by 1.0% during the second quarter. Vanguard Group Inc. now owns 2,604,111 shares of the semiconductor company’s stock valued at $45,155,000 after acquiring an additional 26,351 shares in the last quarter. Geode Capital Management LLC increased its holdings in shares of Cohu by 8.3% during the first quarter. Geode Capital Management LLC now owns 594,974 shares of the semiconductor company’s stock valued at $7,365,000 after acquiring an additional 45,483 shares in the last quarter. Pacific Ridge Capital Partners LLC increased its holdings in shares of Cohu by 14.1% during the second quarter. Pacific Ridge Capital Partners LLC now owns 582,495 shares of the semiconductor company’s stock valued at $10,100,000 after acquiring an additional 71,809 shares in the last quarter. Peregrine Capital Management LLC increased its holdings in shares of Cohu by 73.9% during the second quarter. Peregrine Capital Management LLC now owns 373,765 shares of the semiconductor company’s stock valued at $6,481,000 after acquiring an additional 158,889 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. increased its holdings in shares of Cohu by 10.3% during the second quarter. Charles Schwab Investment Management Inc. now owns 281,720 shares of the semiconductor company’s stock valued at $4,886,000 after acquiring an additional 26,377 shares in the last quarter. Hedge funds and other institutional investors own 86.92% of the company’s stock.

About Cohu (NASDAQ:COHU)

Cohu, Inc, through its subsidiaries, provides semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors, thermal sub-systems, semiconductor automated test equipment (ATE), and bare board printed circuit board (PCB) test systems for semiconductor and electronics manufacturers, and test subcontractors worldwide.

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