Cohu (NASDAQ:COHU) Hits New 52-Week Low – What’s Next?

Cohu, Inc. (NASDAQ:COHU) shares hit a new 52-week low during trading on Friday . The company traded as low as $15.39 and last traded at $15.41, with a volume of 137032 shares trading hands. The stock had previously closed at $16.36.

Wall Street Analyst Weigh In

Several research analysts have weighed in on COHU shares. B. Riley dropped their price objective on shares of Cohu from $34.00 to $30.00 and set a “buy” rating on the stock in a research note on Friday, February 14th. Needham & Company LLC reiterated a “hold” rating on shares of Cohu in a report on Tuesday, February 25th. Finally, Stifel Nicolaus dropped their target price on Cohu from $40.00 to $35.00 and set a “buy” rating on the stock in a research report on Friday, February 14th. Two investment analysts have rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Cohu has a consensus rating of “Hold” and a consensus target price of $30.57.

Cohu Price Performance

The stock’s fifty day moving average is $20.17 and its 200-day moving average is $23.88. 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 stock has a market capitalization of $704.67 million, a P/E ratio of -10.06 and a beta of 1.50.

Cohu (NASDAQ:COHU) last released its quarterly earnings results on Thursday, February 20th. The semiconductor company reported ($0.25) EPS for the quarter, missing analysts’ consensus estimates of ($0.07) by ($0.18). Cohu had a negative net margin of 17.38% and a negative return on equity of 3.18%. On average, equities analysts anticipate that Cohu, Inc. will post -0.36 earnings per share for the current year.

Hedge Funds Weigh In On Cohu

Several large investors have recently made changes to their positions in the business. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in Cohu by 1,225.7% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 1,392 shares of the semiconductor company’s stock valued at $37,000 after buying an additional 1,287 shares during the last quarter. Sterling Capital Management LLC grew its stake in shares of Cohu by 826.9% in the fourth quarter. Sterling Capital Management LLC now owns 1,483 shares of the semiconductor company’s stock worth $40,000 after acquiring an additional 1,323 shares during the last quarter. Smartleaf Asset Management LLC increased its position in Cohu by 413.3% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,740 shares of the semiconductor company’s stock worth $46,000 after acquiring an additional 1,401 shares during the period. KBC Group NV increased its holdings in shares of Cohu by 75.7% during the 4th quarter. KBC Group NV now owns 2,627 shares of the semiconductor company’s stock worth $70,000 after purchasing an additional 1,132 shares during the period. Finally, Tower Research Capital LLC TRC increased its stake in Cohu by 14.5% during the fourth quarter. Tower Research Capital LLC TRC now owns 3,842 shares of the semiconductor company’s stock valued at $103,000 after acquiring an additional 486 shares during the period. Institutional investors and hedge funds own 94.67% of the company’s stock.

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.