Cohu (NASDAQ:COHU) Given New $30.00 Price Target at Needham & Company LLC

Cohu (NASDAQ:COHU) had its target price increased by Needham & Company LLC from $27.00 to $30.00 in a research report report published on Friday morning, Benzinga reports. The firm currently has a buy rating on the semiconductor company’s stock.

A number of other research firms have also recently commented on COHU. StockNews.com cut Cohu from a “hold” rating to a “sell” rating in a research report on Friday, August 2nd. Craig Hallum raised Cohu from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a report on Friday. Finally, Citigroup cut Cohu from a “buy” rating to a “neutral” rating and set a $36.00 price objective for the company. in a research report on Monday, July 15th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Cohu currently has a consensus rating of “Hold” and an average price target of $31.50.

Cohu Stock Performance

NASDAQ:COHU traded up $2.43 during trading hours on Friday, reaching $27.35. The company had a trading volume of 745,000 shares, compared to its average volume of 311,069. The firm has a market cap of $1.28 billion, a PE ratio of -44.84 and a beta of 1.53. Cohu has a 1-year low of $22.80 and a 1-year high of $36.60. The business’s 50 day moving average price is $25.18 and its 200-day moving average price is $28.66. The company has a debt-to-equity ratio of 0.01, a current ratio of 6.95 and a quick ratio of 5.09.

Cohu (NASDAQ:COHU) last announced 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). The firm had revenue of $95.30 million for the quarter, compared to analysts’ expectations of $95.75 million. Cohu had a positive return on equity of 1.27% and a negative net margin of 5.70%. The business’s quarterly revenue was down 36.8% on a year-over-year basis. During the same period last year, the company posted $0.27 earnings per share. Research analysts forecast that Cohu will post -0.41 EPS for the current year.

Insider Activity

In other Cohu news, Director Nina Richardson sold 4,999 shares of the stock in a transaction that occurred on Thursday, October 10th. The shares were sold at an average price of $24.14, for a total transaction of $120,675.86. Following the sale, the director now directly owns 28,313 shares in the company, valued at $683,475.82. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Over the last ninety days, insiders sold 5,399 shares of company stock valued at $130,204. 2.70% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Cohu

Institutional investors and hedge funds have recently modified their holdings of the company. Signaturefd LLC lifted its holdings in Cohu by 1,256.3% during the 2nd quarter. Signaturefd LLC now owns 868 shares of the semiconductor company’s stock worth $29,000 after buying an additional 804 shares during the last quarter. First Horizon Advisors Inc. boosted its stake in shares of Cohu by 558.8% during the second quarter. First Horizon Advisors Inc. now owns 1,087 shares of the semiconductor company’s stock worth $36,000 after buying an additional 922 shares during the period. CWM LLC increased its position in Cohu by 158.1% in the 2nd quarter. CWM LLC now owns 1,533 shares of the semiconductor company’s stock valued at $51,000 after acquiring an additional 939 shares during the period. 1620 Investment Advisors Inc. acquired a new position in Cohu in the 2nd quarter valued at about $97,000. Finally, Perkins Coie Trust Co purchased a new stake in Cohu during the 2nd quarter valued at approximately $132,000. Institutional investors and hedge funds own 94.67% of the company’s stock.

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.