Cohu (NASDAQ:COHU) Given New $36.00 Price Target at TD Cowen

Cohu (NASDAQ:COHU) had its target price cut by TD Cowen from $40.00 to $36.00 in a research note issued to investors on Friday morning, Marketbeat.com reports. They currently have a buy rating on the semiconductor company’s stock.

Separately, Needham & Company LLC reissued a buy rating and issued a $36.00 price target on shares of Cohu in a research report on Friday, February 16th. Two analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Cohu currently has a consensus rating of Moderate Buy and an average target price of $38.00.

Cohu Stock Down 2.4 %

NASDAQ COHU traded down $0.74 during trading on Friday, reaching $29.60. 346,440 shares of the company’s stock were exchanged, compared to its average volume of 230,611. Cohu has a 1 year low of $28.57 and a 1 year high of $43.99. The stock has a market cap of $1.39 billion, a P/E ratio of -592.00 and a beta of 1.54. The company has a debt-to-equity ratio of 0.04, a quick ratio of 4.67 and a current ratio of 6.18. The company has a 50 day moving average price of $31.35 and a two-hundred day moving average price of $32.42.

Cohu (NASDAQ:COHU) last announced its quarterly earnings results on Thursday, February 15th. The semiconductor company reported $0.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. Cohu had a positive return on equity of 3.88% and a negative net margin of 0.38%. The firm had revenue of $137.23 million during the quarter, compared to the consensus estimate of $136.94 million. During the same period in the prior year, the company posted $0.63 earnings per share. The firm’s quarterly revenue was down 28.2% compared to the same quarter last year. On average, equities research analysts anticipate that Cohu will post 0.22 EPS for the current fiscal year.

Institutional Investors Weigh In On Cohu

Several hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC purchased a new stake in Cohu during the 3rd quarter valued at approximately $527,000. Bailard Inc. lifted its holdings in shares of Cohu by 200.4% during the third quarter. Bailard Inc. now owns 16,823 shares of the semiconductor company’s stock worth $579,000 after purchasing an additional 11,223 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Cohu by 18.5% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 10,407 shares of the semiconductor company’s stock valued at $358,000 after buying an additional 1,623 shares during the last quarter. Inspire Investing LLC increased its stake in Cohu by 17.3% in the 3rd quarter. Inspire Investing LLC now owns 8,894 shares of the semiconductor company’s stock valued at $306,000 after buying an additional 1,313 shares during the period. Finally, TD Asset Management Inc raised its position in Cohu by 38.6% during the 3rd quarter. TD Asset Management Inc now owns 9,700 shares of the semiconductor company’s stock worth $334,000 after buying an additional 2,700 shares during the last quarter. 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.