Cohu (NASDAQ:COHU) Price Target Cut to $23.00 by Analysts at The Goldman Sachs Group

Cohu (NASDAQ:COHU) had its price target decreased by The Goldman Sachs Group from $26.00 to $23.00 in a report released on Friday, Benzinga reports. The firm presently has a “sell” rating on the semiconductor company’s stock. The Goldman Sachs Group’s price objective would suggest a potential downside of 17.15% from the stock’s current price.

Several other research firms have also weighed in on COHU. Needham & Company LLC raised their target price on Cohu from $27.00 to $30.00 and gave the company a “buy” rating in a report on Friday. StockNews.com cut shares of Cohu from a “hold” rating to a “sell” rating in a research note on Friday, August 2nd. TD Cowen lowered their target price on shares of Cohu from $36.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday. Craig Hallum raised shares of Cohu from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research report on Friday. Finally, Citigroup cut shares of Cohu from a “buy” rating to a “neutral” rating and set a $36.00 price target for the company. in a report on Monday, July 15th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $31.50.

Cohu Stock Up 11.4 %

Shares of Cohu stock traded up $2.84 during trading on Friday, hitting $27.76. 306,845 shares of the stock traded hands, compared to its average volume of 309,003. The company has a fifty day moving average price of $25.19 and a two-hundred day moving average price of $28.71. Cohu has a twelve month low of $22.80 and a twelve month high of $36.60. The stock has a market cap of $1.30 billion, a P/E ratio of -45.47 and a beta of 1.53. The company has a debt-to-equity ratio of 0.01, a quick ratio of 5.09 and a current ratio of 6.95.

Cohu (NASDAQ:COHU) last posted its earnings results on Thursday, October 31st. The semiconductor company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.02). Cohu had a positive return on equity of 1.27% and a negative net margin of 5.70%. The business had revenue of $95.30 million during the quarter, compared to the consensus estimate of $95.75 million. During the same period in the prior year, the firm earned $0.27 earnings per share. The business’s revenue was down 36.8% on a year-over-year basis. Equities research analysts predict that Cohu will post -0.41 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, Director Nina Richardson sold 4,999 shares of the business’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $24.14, for a total transaction of $120,675.86. Following the transaction, the director now owns 28,313 shares in the company, valued at approximately $683,475.82. The trade was a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders have sold 5,399 shares of company stock worth $130,204 in the last ninety days. Insiders own 2.70% of the company’s stock.

Hedge Funds Weigh In On Cohu

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in shares of Cohu by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 4,165,622 shares of the semiconductor company’s stock worth $147,421,000 after acquiring an additional 59,716 shares during the period. BNP Paribas Financial Markets boosted its stake in Cohu by 111.0% during the first quarter. BNP Paribas Financial Markets now owns 39,061 shares of the semiconductor company’s stock worth $1,302,000 after buying an additional 20,549 shares in the last quarter. GSA Capital Partners LLP increased its holdings in Cohu by 122.7% in the 1st quarter. GSA Capital Partners LLP now owns 24,979 shares of the semiconductor company’s stock valued at $833,000 after buying an additional 13,762 shares during the period. Texas Permanent School Fund Corp raised its stake in shares of Cohu by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 41,576 shares of the semiconductor company’s stock valued at $1,386,000 after buying an additional 539 shares in the last quarter. Finally, Duality Advisers LP bought a new position in shares of Cohu during the 1st quarter worth about $454,000. 94.67% of the stock is currently owned by institutional investors.

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.