Cohu (NASDAQ:COHU) Upgraded by Craig Hallum to “Buy” Rating

Cohu (NASDAQ:COHU) was upgraded by analysts at Craig Hallum from a “hold” rating to a “buy” rating in a research report issued on Friday, Marketbeat Ratings reports. The brokerage currently has a $30.00 target price on the semiconductor company’s stock. Craig Hallum’s price objective suggests a potential upside of 9.69% from the stock’s current price.

A number of other analysts have also commented on the stock. Citigroup lowered shares of Cohu from a “buy” rating to a “neutral” rating and set a $36.00 price objective on the stock. in a research report on Monday, July 15th. Needham & Company LLC lowered their price target on Cohu from $37.00 to $33.00 and set a “buy” rating on the stock in a research report on Thursday, August 1st. Finally, StockNews.com cut shares of Cohu from a “hold” rating to a “sell” rating in a research note on Friday, August 2nd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, Cohu has an average rating of “Hold” and a consensus price target of $31.50.

Cohu Trading Up 9.8 %

NASDAQ COHU opened at $27.35 on Friday. Cohu has a one year low of $22.80 and a one year high of $36.60. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.95 and a quick ratio of 5.09. The firm has a market cap of $1.28 billion, a P/E ratio of -25.32 and a beta of 1.52. The stock’s 50-day moving average is $25.18 and its 200-day moving average is $28.66.

Cohu (NASDAQ:COHU) last announced 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 company had revenue of $95.30 million for the quarter, compared to analyst estimates of $95.75 million. During the same quarter last year, the business posted $0.27 earnings per share. The business’s quarterly revenue was down 36.8% on a year-over-year basis. Sell-side analysts anticipate that Cohu will post -0.41 earnings per share for the current fiscal year.

Insider Buying and Selling at Cohu

In related news, Director Nina Richardson sold 4,999 shares of Cohu 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 completion of the sale, the director now owns 28,313 shares of the company’s stock, valued at approximately $683,475.82. The trade was a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders have sold a total of 5,399 shares of company stock worth $130,204 over the last ninety days. Insiders own 2.70% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. US Bancorp DE raised its stake in Cohu by 59.7% in the 3rd quarter. US Bancorp DE now owns 8,823 shares of the semiconductor company’s stock worth $227,000 after purchasing an additional 3,297 shares in the last quarter. Tributary Capital Management LLC raised its position in shares of Cohu by 46.4% in the third quarter. Tributary Capital Management LLC now owns 521,047 shares of the semiconductor company’s stock valued at $13,391,000 after buying an additional 165,135 shares in the last quarter. Assenagon Asset Management S.A. grew its position in Cohu by 286.1% during the third quarter. Assenagon Asset Management S.A. now owns 107,817 shares of the semiconductor company’s stock worth $2,771,000 after buying an additional 79,890 shares in the last quarter. International Assets Investment Management LLC bought a new position in Cohu during the 3rd quarter worth $528,000. Finally, Trust Point Inc. acquired a new position in Cohu in the 3rd quarter valued at $552,000. 94.67% of the stock is owned by institutional investors and hedge funds.

About Cohu

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.