Cohu, Inc. (NASDAQ:COHU – Get Free Report)’s share price reached a new 52-week low on Thursday after Needham & Company LLC lowered their price target on the stock from $37.00 to $33.00. Needham & Company LLC currently has a buy rating on the stock. Cohu traded as low as $27.53 and last traded at $28.90, with a volume of 70161 shares traded. The stock had previously closed at $31.99.
Several other analysts have also recently weighed in on the stock. Citigroup cut shares of Cohu from a “buy” rating to a “neutral” rating and set a $36.00 target price on the stock. in a report on Monday, July 15th. Craig Hallum dropped their target price on Cohu from $35.00 to $30.00 and set a “hold” rating on the stock in a report on Friday, May 3rd. TD Cowen decreased their price target on Cohu from $40.00 to $36.00 and set a “buy” rating for the company in a report on Friday, May 3rd. Finally, B. Riley decreased their target price on Cohu from $45.00 to $40.00 and set a “buy” rating for the company in a research note on Friday, May 3rd. Three investment analysts have rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $37.17.
Insider Transactions at Cohu
In other Cohu news, Director William Bendush sold 2,591 shares of the company’s stock in a transaction on Monday, May 13th. The shares were sold at an average price of $29.83, for a total transaction of $77,289.53. Following the completion of the transaction, the director now owns 36,662 shares in the company, valued at approximately $1,093,627.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In related news, Director William Bendush sold 2,591 shares of the company’s stock in a transaction on Monday, May 13th. The stock was sold at an average price of $29.83, for a total transaction of $77,289.53. Following the transaction, the director now owns 36,662 shares of the company’s stock, valued at $1,093,627.46. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, VP Thomas D. Kampfer sold 3,000 shares of the firm’s stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $29.43, for a total value of $88,290.00. Following the completion of the sale, the vice president now directly owns 51,442 shares of the company’s stock, valued at approximately $1,513,938.06. The disclosure for this sale can be found here. Insiders sold 10,091 shares of company stock worth $298,755 over the last 90 days. 2.70% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Cohu
Several hedge funds have recently bought and sold shares of the company. Wedge Capital Management L L P NC increased its position in shares of Cohu by 1.0% in the second quarter. Wedge Capital Management L L P NC now owns 47,223 shares of the semiconductor company’s stock valued at $1,563,000 after buying an additional 466 shares in the last quarter. Texas Permanent School Fund Corp lifted its holdings in shares of Cohu by 1.3% in the first quarter. Texas Permanent School Fund Corp now owns 41,576 shares of the semiconductor company’s stock valued at $1,386,000 after purchasing an additional 539 shares in the last quarter. Linden Thomas Advisory Services LLC grew its position in shares of Cohu by 1.7% in the second quarter. Linden Thomas Advisory Services LLC now owns 34,091 shares of the semiconductor company’s stock valued at $1,128,000 after purchasing an additional 555 shares during the last quarter. ProShare Advisors LLC raised its position in shares of Cohu by 7.4% during the 1st quarter. ProShare Advisors LLC now owns 9,433 shares of the semiconductor company’s stock worth $314,000 after purchasing an additional 649 shares during the last quarter. Finally, Signaturefd LLC increased its position in Cohu by 1,256.3% during the second quarter. Signaturefd LLC now owns 868 shares of the semiconductor company’s stock worth $29,000 after buying an additional 804 shares in the last quarter. 94.67% of the stock is owned by hedge funds and other institutional investors.
Cohu Stock Performance
The company has a quick ratio of 4.63, a current ratio of 6.29 and a debt-to-equity ratio of 0.01. The stock has a fifty day moving average price of $32.52 and a two-hundred day moving average price of $31.94. The company has a market capitalization of $1.32 billion, a price-to-earnings ratio of -585.00 and a beta of 1.58.
Cohu (NASDAQ:COHU – Get Free Report) last announced its earnings results on Thursday, May 2nd. The semiconductor company reported ($0.06) earnings per share for the quarter, beating the consensus estimate of ($0.07) by $0.01. The firm had revenue of $107.61 million during the quarter, compared to the consensus estimate of $107.00 million. Cohu had a negative net margin of 0.38% and a positive return on equity of 3.91%. As a group, analysts forecast that Cohu, Inc. will post -0.07 EPS for the current fiscal year.
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.