Cohu (COHU) Price Target Lowered to $30.00 at B. Riley

Cohu (NASDAQ:COHU) had its target price decreased by equities researchers at B. Riley from $31.00 to $30.00 in a research note issued on Friday, MarketBeat Ratings reports. The firm currently has a “buy” rating on the semiconductor company’s stock. B. Riley’s price objective would indicate a potential upside of 55.36% from the company’s previous close.

A number of other research firms have also recently commented on COHU. Zacks Investment Research upgraded shares of Cohu from a “hold” rating to a “strong-buy” rating and set a $29.00 target price for the company in a research note on Tuesday, November 7th. BidaskClub cut shares of Cohu from a “hold” rating to a “sell” rating in a research note on Saturday, February 3rd. Needham & Company LLC reiterated a “buy” rating and issued a $24.00 target price on shares of Cohu in a research note on Friday, October 27th. Finally, ValuEngine upgraded shares of Cohu from a “hold” rating to a “buy” rating in a research note on Friday, February 2nd. One investment analyst has rated the stock with a sell rating, two have assigned a hold rating and four have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $25.20.

Shares of Cohu (COHU) opened at $19.31 on Friday. The company has a market cap of $546.24, a P/E ratio of 14.20 and a beta of 0.91. The company has a debt-to-equity ratio of 0.02, a current ratio of 3.62 and a quick ratio of 2.89. Cohu has a 12 month low of $15.01 and a 12 month high of $26.17.

Cohu (NASDAQ:COHU) last released its earnings results on Thursday, February 15th. The semiconductor company reported $0.28 EPS for the quarter, missing analysts’ consensus estimates of $0.31 by ($0.03). The company had revenue of $84.09 million during the quarter, compared to analyst estimates of $84.20 million. Cohu had a return on equity of 14.99% and a net margin of 9.31%. The firm’s revenue for the quarter was up 19.0% on a year-over-year basis. During the same quarter last year, the business earned $0.24 earnings per share. analysts anticipate that Cohu will post 1.55 earnings per share for the current fiscal year.

In other Cohu news, Director Steven J. Bilodeau sold 10,000 shares of Cohu stock in a transaction that occurred on Monday, November 20th. The shares were sold at an average price of $24.86, for a total transaction of $248,600.00. Following the completion of the sale, the director now directly owns 95,184 shares in the company, valued at approximately $2,366,274.24. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 6.46% of the company’s stock.

Hedge funds and other institutional investors have recently made changes to their positions in the business. Cubist Systematic Strategies LLC lifted its stake in Cohu by 34.9% during the 2nd quarter. Cubist Systematic Strategies LLC now owns 16,410 shares of the semiconductor company’s stock valued at $258,000 after acquiring an additional 4,243 shares during the period. Schwab Charles Investment Management Inc. lifted its stake in Cohu by 19.1% during the 3rd quarter. Schwab Charles Investment Management Inc. now owns 121,107 shares of the semiconductor company’s stock valued at $2,888,000 after acquiring an additional 19,462 shares during the period. Swiss National Bank lifted its stake in shares of Cohu by 10.8% in the 2nd quarter. Swiss National Bank now owns 46,141 shares of the semiconductor company’s stock valued at $726,000 after purchasing an additional 4,500 shares during the period. Royce & Associates LP lifted its stake in shares of Cohu by 62.6% in the 3rd quarter. Royce & Associates LP now owns 1,042,514 shares of the semiconductor company’s stock valued at $24,854,000 after purchasing an additional 401,281 shares during the period. Finally, Cavalier Investments LLC acquired a new position in shares of Cohu in the 3rd quarter valued at $527,000. Institutional investors and hedge funds own 82.24% of the company’s stock.

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About Cohu

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.

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