Cohu (NASDAQ:COHU) Stock Gets Price Target Cut from B. Riley Financial

Cohu (NASDAQ:COHU) had its price objective reduced by B. Riley Financial from $75.00 to $60.00 in a report issued on Monday morning,Benzinga reports. They currently have a buy rating on the semiconductor company’s stock.

COHU has been the topic of a number of other reports. Wall Street Zen upgraded Cohu from a “hold” rating to a “buy” rating in a report on Saturday, November 7th. Jefferies Financial Group reiterated a “buy” rating and issued a $90.00 price objective on shares of Cohu in a research report on Thursday, October 29th. Needham & Company LLC reissued a “buy” rating and set a $65.00 target price on shares of Cohu in a research note on Thursday, October 29th. Zacks Research downgraded Cohu from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 28th. Finally, Stifel Nicolaus lifted their target price on Cohu from $70.00 to $75.00 and gave the company a “buy” rating in a research report on Thursday, October 29th. One equities research analyst has rated the stock with a Strong Buy rating, seven have issued a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $72.50.

Cohu Trading Up 5.5%

Shares of COHU opened at $45.97 on Monday. Cohu has a 12-month low of $21.10 and a 12-month high of $75.72. The firm has a market capitalization of $2.18 billion, a P/E ratio of -88.40 and a beta of 1.60. The firm has a 50-day moving average price of $56.01 and a 200 day moving average price of $47.53. The company has a current ratio of 5.16, a quick ratio of 4.24 and a debt-to-equity ratio of 0.36.

Cohu (NASDAQ:COHU) last issued its earnings results on Wednesday, October 28th. The semiconductor company reported $0.43 EPS for the quarter, topping analysts’ consensus estimates of $0.35 by $0.08. The company had revenue of $172.96 million for the quarter, compared to the consensus estimate of $170.25 million. Cohu had a negative net margin of 3.97% and a positive return on equity of 1.47%. Cohu’s quarterly revenue was up 37.0% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.06) earnings per share. Sell-side analysts forecast that Cohu will post 0.63 EPS for the current year.

Insider Transactions at Cohu

In other news, insider Christopher Bohrson sold 1,000 shares of the business’s stock in a transaction that occurred on Thursday, October 15th. The shares were sold at an average price of $55.31, for a total value of $55,310.00. Following the sale, the insider directly owned 157,702 shares of the company’s stock, valued at approximately $8,722,497.62. The trade was a 0.63% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, CEO Luis A. Muller sold 21,662 shares of the company’s stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $73.00, for a total transaction of $1,581,326.00. Following the completion of the transaction, the chief executive officer owned 822,927 shares in the company, valued at approximately $60,073,671. This represents a 2.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Over the last quarter, insiders have sold 116,692 shares of company stock valued at $7,374,716. Company insiders own 3.05% of the company’s stock.

Institutional Trading of Cohu

Several institutional investors have recently added to or reduced their stakes in the stock. CoreCap Advisors LLC lifted its stake in Cohu by 150.0% during the third quarter. CoreCap Advisors LLC now owns 500 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 300 shares in the last quarter. Fortitude Family Office LLC boosted its position in shares of Cohu by 147.9% during the third quarter. Fortitude Family Office LLC now owns 528 shares of the semiconductor company’s stock worth $36,000 after buying an additional 315 shares during the period. Parallel Advisors LLC boosted its position in shares of Cohu by 17.7% during the third quarter. Parallel Advisors LLC now owns 2,510 shares of the semiconductor company’s stock worth $171,000 after buying an additional 378 shares during the period. Choreo LLC boosted its position in shares of Cohu by 12.0% during the third quarter. Choreo LLC now owns 4,187 shares of the semiconductor company’s stock worth $285,000 after buying an additional 450 shares during the period. Finally, Allworth Financial LP grew its stake in shares of Cohu by 109.8% in the second quarter. Allworth Financial LP now owns 879 shares of the semiconductor company’s stock valued at $65,000 after buying an additional 460 shares in the last quarter. Institutional investors and hedge funds own 94.67% of the company’s stock.

Cohu Company Profile

Cohu, Inc. designs and manufactures equipment and components used to test, inspect, and handle semiconductors. Its products include semiconductor test handlers, inspection systems, test contactors, and thermal subsystems that support testing at various stages of chip production. The company serves semiconductor manufacturers and outsourced semiconductor assembly and test providers around the world. Its equipment is used across a range of semiconductor applications, including devices for automotive, industrial, communications, and consumer markets.