Cohu (NASDAQ:COHU) hits new 1-year low at $28.89

The shares of Cohu, Inc. (NASDAQ:COHU – Get Free Report) hit a new 52-week low during afternoon trading on Friday. The company traded as low as $28.89 and last traded at $29.32, with a volume of 20448 shares changing hands. The stock previously closed at $29.24.

Wall Street analysts predict growth

A number of research firms have released reports on COHU. TD Cowen raised their price target on Cohu from $38.00 to $40.00 and gave the company an “outperform” rating in a research report on Friday, February 16. Needham & Company LLC reissued a “buy” rating and set a $36.00 price target on shares of Cohu in a research report on Friday, February 16. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $43.50.

Check out our latest report on COHU

Cohu Price Performance

The company has a 50-day moving average of $31.84 and a two-hundred-day moving average of $32.75. The company has a debt-to-equity ratio of 0.04, a current ratio of 6.18 and a quick ratio of 4.67. The company has a market cap of $1.35 billion, a price-to-earnings ratio of 48.78 and a beta of 1.52.

Cohu (NASDAQ:COHU – Get Free Report) last reported its quarterly results on Thursday, February 15. The semiconductor company reported $0.23 earnings per share for the quarter, beating analysts’ consensus estimates of $0.22 by $0.01. The company had revenue of $137.23 million for the quarter, compared to analyst expectations of $136.94 million. Cohu had a return on equity of 6.73% and a net margin of 4.42%. The company’s quarterly revenue fell 28.2% year over year. During the same period last year, the company earned earnings per share of $0.63. Sell-side analysts expect Cohu, Inc. will post a profit per share of 0.22 for the current financial year.

Institutional trading in Cohu

Institutional investors and hedge funds have recently made changes to their positions in the stock. Vanguard Group Inc. expanded its stake in Cohu by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 4,165,622 shares of the semiconductor company’s stock worth $147,421,000 after purchasing an additional 59,716 shares in the last quarter. Price T Rowe Associates Inc. MD grew its stake in Cohu by 640.2% in the 4th quarter. Price T Rowe Associates Inc. MD now owns 217,971 shares of the semiconductor company’s stock worth $7,715,000 after purchasing an additional 188,524 shares in the last quarter. GSA Capital Partners LLP bought a new position in Cohu in the 4th quarter valued at approximately $397,000. Barclays PLC grew its stake in Cohu by 129.0% in the fourth quarter. Barclays PLC now owns 73,957 shares of the semiconductor company’s stock worth $2,618,000 after purchasing an additional 41,664 shares in the last quarter. Finally, Nuveen Asset Management LLC grew its holdings in Cohu by 0.9% in the fourth quarter. Nuveen Asset Management LLC now owns 168,268 shares of the semiconductor company’s stock worth $5,955,000 after purchasing an additional 1,453 shares in the last quarter. 94.67% of the shares are currently held by institutional investors and hedge funds.

Cohu company profile

(Get a free report)

Cohu, Inc, through its subsidiaries, provides semiconductor testing equipment and services in China, the United States, Taiwan, Malaysia, the Philippines and internationally. The company provides semiconductor test and inspection handlers, microelectromechanical systems (MEMS) test modules, test switches, thermal subsystems and automated semiconductor test equipment for semiconductor manufacturers and test subcontractors.

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