TD Cowen Cuts Cohu (NASDAQ:COHU) Price Target to $30.00

Cohu (NASDAQ:COHU) had its price objective lowered by research analysts at TD Cowen from $36.00 to $30.00 in a report issued on Friday, Briefing.com reports. The brokerage currently has a “buy” rating on the semiconductor company’s stock. TD Cowen’s target price would indicate a potential upside of 20.39% from the company’s current price.

A number of other research firms have also issued reports on COHU. Citigroup lowered Cohu from a “buy” rating to a “neutral” rating and set a $36.00 target price for the company. in a report on Monday, July 15th. Craig Hallum upgraded Cohu from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Friday. StockNews.com cut Cohu from a “hold” rating to a “sell” rating in a research note on Friday, August 2nd. Finally, Needham & Company LLC increased their price target on shares of Cohu from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Friday. One analyst has rated the stock with a sell rating, one has assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $33.20.

Cohu Trading Down 4.0 %

Shares of COHU opened at $24.92 on Friday. The company has a current ratio of 6.95, a quick ratio of 5.09 and a debt-to-equity ratio of 0.01. Cohu has a 1-year low of $22.80 and a 1-year high of $36.60. The stock has a market capitalization of $1.17 billion, a P/E ratio of -40.85 and a beta of 1.53. The business’s 50-day moving average price is $25.19 and its 200 day moving average price is $28.71.

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

Insider Buying and Selling

In other Cohu news, Director Nina Richardson sold 4,999 shares of Cohu stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $24.14, for a total value of $120,675.86. Following the completion of the sale, the director now directly owns 28,313 shares in the company, valued at $683,475.82. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Over the last quarter, insiders have sold 5,399 shares of company stock worth $130,204. Insiders own 2.70% of the company’s stock.

Institutional Trading of Cohu

Several large investors have recently made changes to their positions in COHU. Inspire Advisors LLC acquired a new stake in Cohu in the 1st quarter worth approximately $755,000. Vanguard Group Inc. lifted its stake in shares of Cohu by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 4,165,622 shares of the semiconductor company’s stock worth $147,421,000 after buying an additional 59,716 shares during the last quarter. BNP Paribas Financial Markets boosted its holdings in shares of Cohu by 111.0% during the 1st 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 during the period. Sei Investments Co. grew its stake in Cohu by 11.2% in the 1st quarter. Sei Investments Co. now owns 160,259 shares of the semiconductor company’s stock valued at $5,341,000 after buying an additional 16,159 shares during the last quarter. Finally, SG Americas Securities LLC acquired a new position in Cohu in the 1st quarter valued at $596,000. Institutional investors 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.