Cohu (NASDAQ:COHU) Sets New 1-Year Low – Here’s Why

Shares of Cohu, Inc. (NASDAQ:COHU) hit a new 52-week low during trading on Monday . The company traded as low as $22.80 and last traded at $23.34, with a volume of 16477 shares trading hands. The stock had previously closed at $23.95.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on COHU shares. Craig Hallum raised Cohu from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Friday, November 1st. TD Cowen decreased their price objective on shares of Cohu from $36.00 to $30.00 and set a “buy” rating on the stock in a report on Friday, November 1st. The Goldman Sachs Group reduced their target price on shares of Cohu from $26.00 to $23.00 and set a “sell” rating for the company in a report on Friday, November 1st. Finally, Needham & Company LLC cut shares of Cohu from a “buy” rating to a “hold” rating in a report on Monday, January 13th. Two investment analysts have rated the stock with a sell rating, two have assigned a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $31.50.

Cohu Stock Down 2.0 %

The company has a debt-to-equity ratio of 0.01, a current ratio of 6.38 and a quick ratio of 4.69. The company’s 50 day moving average is $25.99 and its 200 day moving average is $26.34.

Cohu (NASDAQ:COHU) last posted its earnings results on Thursday, October 31st. The semiconductor company reported ($0.17) EPS for the quarter, missing the consensus estimate of ($0.15) by ($0.02). The firm had revenue of $95.30 million during the quarter, compared to the consensus estimate of $95.75 million. Cohu had a negative net margin of 11.35% and a negative return on equity of 1.01%. Cohu’s revenue for the quarter was down 36.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.27 earnings per share. On average, research analysts forecast that Cohu, Inc. will post -0.46 earnings per share for the current fiscal year.

Institutional Trading of Cohu

Several institutional investors have recently added to or reduced their stakes in COHU. International Assets Investment Management LLC acquired a new position in shares of Cohu in the 3rd quarter valued at about $528,000. Charles Schwab Investment Management Inc. grew its stake in shares of Cohu by 10.6% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 624,274 shares of the semiconductor company’s stock valued at $16,044,000 after buying an additional 59,806 shares during the period. Creative Planning increased its position in Cohu by 219.4% in the 3rd quarter. Creative Planning now owns 27,237 shares of the semiconductor company’s stock valued at $700,000 after buying an additional 18,709 shares in the last quarter. Assenagon Asset Management S.A. raised its stake in Cohu by 286.1% during the 3rd quarter. Assenagon Asset Management S.A. now owns 107,817 shares of the semiconductor company’s stock worth $2,771,000 after buying an additional 79,890 shares during the period. Finally, Victory Capital Management Inc. boosted its holdings in Cohu by 7.1% in the third quarter. Victory Capital Management Inc. now owns 3,358,288 shares of the semiconductor company’s stock worth $86,308,000 after acquiring an additional 224,022 shares in the last quarter. 94.67% of the stock is currently owned by institutional investors.

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.