Cohu, Inc. (NASDAQ:COHU) Receives $20.80 Average Target Price from Brokerages

Cohu, Inc. (NASDAQ:COHU) has received a consensus rating of “Buy” from the ten brokerages that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and seven have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $20.80.

A number of brokerages have recently issued reports on COHU. Deutsche Bank Aktiengesellschaft raised their price objective on Cohu from $18.00 to $21.00 and gave the stock a “buy” rating in a research report on Tuesday, July 28th. Cowen boosted their price target on shares of Cohu from $20.00 to $24.00 and gave the stock an “outperform” rating in a research report on Friday, July 31st. DA Davidson reiterated a “buy” rating on shares of Cohu in a research report on Friday, July 31st. Needham & Company LLC reaffirmed a “buy” rating on shares of Cohu in a research report on Tuesday, September 1st. Finally, Zacks Investment Research raised Cohu from a “sell” rating to a “hold” rating in a research report on Tuesday, August 4th.

Several large investors have recently added to or reduced their stakes in the stock. California Public Employees Retirement System boosted its stake in Cohu by 17.3% in the 2nd quarter. California Public Employees Retirement System now owns 91,255 shares of the semiconductor company’s stock worth $1,582,000 after purchasing an additional 13,480 shares during the period. Tudor Investment Corp Et Al grew its stake in Cohu by 10.5% during the second quarter. Tudor Investment Corp Et Al now owns 16,858 shares of the semiconductor company’s stock valued at $292,000 after acquiring an additional 1,596 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Cohu by 6.4% during the 2nd quarter. PNC Financial Services Group Inc. now owns 16,170 shares of the semiconductor company’s stock worth $281,000 after acquiring an additional 977 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in Cohu by 10.3% in the 2nd quarter. Charles Schwab Investment Management Inc. now owns 281,720 shares of the semiconductor company’s stock worth $4,886,000 after purchasing an additional 26,377 shares in the last quarter. Finally, Legal & General Group Plc raised its position in shares of Cohu by 0.7% in the first quarter. Legal & General Group Plc now owns 107,773 shares of the semiconductor company’s stock worth $1,334,000 after buying an additional 788 shares in the last quarter. Institutional investors own 86.92% of the company’s stock.

NASDAQ:COHU opened at $17.20 on Monday. The company has a debt-to-equity ratio of 0.75, a quick ratio of 1.98 and a current ratio of 2.87. The firm has a market cap of $720.04 million, a price-to-earnings ratio of -14.33 and a beta of 1.83. The firm’s 50-day simple moving average is $17.99 and its 200 day simple moving average is $16.83. Cohu has a 52 week low of $8.89 and a 52 week high of $26.43.

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

Cohu Company Profile

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 in Germany, the United States, Japan, Malaysia, the Philippines, and internationally.

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Analyst Recommendations for Cohu (NASDAQ:COHU)

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