Cohu, Inc. (NASDAQ:COHU) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research report issued on Tuesday, July 18th.
According to Zacks, “COHU, INC. designs and manufactures electromechanical systems (handlers) that physically put semiconductors in place for testing and interface directly with electronic test equipment (tester) which performs the electrical test of the semiconductor devices. Other products include television cameras, microwave radios and metal detectors for industrial and hobbyist use. “
Other analysts have also recently issued reports about the company. B. Riley restated a “buy” rating and set a $25.00 price objective on shares of Cohu in a research report on Wednesday, May 3rd. Stifel Nicolaus restated a “hold” rating and set a $19.00 price objective (up from $17.00) on shares of Cohu in a research report on Monday, July 17th. BidaskClub upgraded Cohu from a “sell” rating to a “hold” rating in a research report on Wednesday, July 12th. Finally, ValuEngine upgraded Cohu from a “hold” rating to a “buy” rating in a research report on Friday, June 23rd. Four analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $22.75.
Cohu (COHU) opened at 17.65 on Tuesday. Cohu has a 52 week low of $10.01 and a 52 week high of $21.64. The company has a market capitalization of $493.48 million, a PE ratio of 25.51 and a beta of 0.88. The company’s 50-day moving average price is $17.60 and its 200 day moving average price is $17.17.
Cohu (NASDAQ:COHU) last issued its quarterly earnings results on Thursday, July 27th. The semiconductor company reported $0.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.39 by $0.03. The company had revenue of $93.90 million for the quarter, compared to the consensus estimate of $92.91 million. Cohu had a return on equity of 11.59% and a net margin of 6.21%. The company’s revenue for the quarter was up 22.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.23 EPS. On average, equities research analysts anticipate that Cohu will post $1.54 EPS for the current year.
ILLEGAL ACTIVITY NOTICE: This piece was reported by StockNewsTimes and is the sole property of of StockNewsTimes. If you are accessing this piece on another publication, it was copied illegally and republished in violation of U.S. and international copyright & trademark law. The legal version of this piece can be viewed at https://stocknewstimes.com/2017/08/07/cohu-inc-nasdaqcohu-rating-lowered-to-hold-at-zacks-investment-research-updated-updated.html.
In related news, VP Fellenberg Ian Von sold 2,639 shares of the business’s stock in a transaction on Tuesday, May 30th. The stock was sold at an average price of $18.21, for a total value of $48,056.19. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Also, Director James A. Donahue sold 75,000 shares of the business’s stock in a transaction on Wednesday, August 2nd. The shares were sold at an average price of $17.87, for a total value of $1,340,250.00. Following the completion of the sale, the director now directly owns 444,049 shares in the company, valued at approximately $7,935,155.63. The disclosure for this sale can be found here. In the last ninety days, insiders sold 144,389 shares of company stock worth $2,634,424. 5.97% of the stock is owned by insiders.
Hedge funds have recently made changes to their positions in the stock. Mason Street Advisors LLC raised its position in Cohu by 7.6% in the first quarter. Mason Street Advisors LLC now owns 5,839 shares of the semiconductor company’s stock worth $108,000 after buying an additional 411 shares in the last quarter. BNP Paribas Arbitrage SA raised its position in Cohu by 67.7% in the second quarter. BNP Paribas Arbitrage SA now owns 8,085 shares of the semiconductor company’s stock worth $127,000 after buying an additional 3,264 shares in the last quarter. Bank of Montreal Can acquired a new position in Cohu during the second quarter worth approximately $130,000. Louisiana State Employees Retirement System raised its position in Cohu by 2.0% in the second quarter. Louisiana State Employees Retirement System now owns 10,400 shares of the semiconductor company’s stock worth $164,000 after buying an additional 200 shares in the last quarter. Finally, Aperio Group LLC acquired a new position in Cohu during the second quarter worth approximately $179,000. 82.95% of the stock is currently owned by institutional investors and hedge funds.
Cohu Company Profile
Cohu, Inc is a supplier of semiconductor test and inspection handlers, micro-electro mechanical system (MEMS) test modules, test contactors and thermal sub-systems used by global semiconductor manufacturers and test subcontractors. It develops, manufactures, sells and services a line of equipment capable of handling a range of integrated circuits and light-emitting diodes.
Get a free copy of the Zacks research report on Cohu (COHU)
For more information about research offerings from Zacks Investment Research, visit Zacks.com
Receive News & Ratings for Cohu Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Cohu Inc. and related companies with MarketBeat.com's FREE daily email newsletter.
