Cohu, Inc. (NASDAQ:COHU) Average Rating of 'Hold' from Brokerages

Shares of Cohu, Inc. (NASDAQ:COHU) have received an average recommendation of "Hold" from the seven brokerages currently covering the company, as reported. Notably, one equities research analyst has assigned a sell rating to the stock, while two have given it a hold rating, and four have recommended buying.

The average target price among analysts for Cohu's stock over the next twelve months is set at $30.57.

In recent updates, various research analysts have provided insights into the stock. Needham & Company LLC reaffirmed a "hold" rating on Cohu shares. The Goldman Sachs Group lowered its price target for Cohu shares from $26.00 to $23.00 along with a "sell" rating, as stated in a research note. Meanwhile, Stifel Nicolaus has reduced its price target on Cohu from $40.00 to $35.00 with a "buy" rating, while B. Riley has also cut its target from $34.00 to $30.00 with a similar "buy" recommendation. Additionally, Craig Hallum upgraded Cohu from a "hold" to a "buy" rating, setting its new price target at $30.00.

Cohu Stock Performance

On Mondays, Cohu shares opened at $21.12. The company has a market capitalization of around $984.49 million and a P/E ratio of -19.56, with a beta of 1.45. Over the past year, the stock has reached a low of $19.52 and a high of $36.60. The stock's fifty-day moving average is currently $24.87, while the two-hundred-day moving average sits at $25.38. Cohu's debt-to-equity ratio is 0.01, with a current ratio of 6.38 and a quick ratio of 4.69.

Cohu last reported its earnings on February 20th. The semiconductor manufacturer disclosed an EPS of ($0.25) for the quarter, missing the consensus estimate of ($0.07) by a margin of ($0.18). The company's return on equity stands at -1.01%, with a net margin of -11.35%. Analysts anticipate an EPS of -0.51 for the current fiscal year.

Institutional Holdings in Cohu

Recent changes in institutional ownership have been noted. International Assets Investment Management LLC acquired a new stake in Cohu in the third quarter, valued at approximately $528,000. Charles Schwab Investment Management Inc. boosted its stake by 10.6%, now owning 624,274 shares valued at $16,044,000 after adding another 59,806 shares. Similarly, Creative Planning increased its position in Cohu by 219.4% during the same period, owning a total of 27,237 shares worth $700,000.

Assenagon Asset Management S.A. has seen its holdings in Cohu grow by 286.1%, now holding 107,817 shares valued at $2,771,000 after acquiring an additional 79,890 shares. Likewise, Victory Capital Management Inc. raised its stake by 7.1%, currently holding 3,358,288 shares valued at $86,308,000. It's notable that institutional investors own approximately 94.67% of Cohu's stock.

About Cohu, Inc.

Cohu, Inc. operates through its subsidiaries, providing semiconductor test equipment and services across several countries, including China, the United States, Taiwan, Malaysia, and the Philippines. The company offers various products, including semiconductor test handlers, micro-electromechanical system (MEMS) test modules, test contactors, thermal sub-systems, and automated test equipment for semiconductor manufacturers and test subcontractors.

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